SCHEDULE 13G: Wolverine Entities Disclose 5.18% Passive Stake in DT Cloud Acquisition Corp

Wolverine Asset Management and affiliated entities have reported a 5.18% beneficial ownership stake in DT Cloud Acquisition Corp's ordinary shares, held for investment purposes.

Summary

• Wolverine Asset Management LLC, Wolverine Trading Partners, Inc., Wolverine Holdings, L.P., Christopher L. Gust, and Robert R. Bellick collectively reported beneficial ownership of 367,743 ordinary shares of DT Cloud Acquisition Corp.
• This ownership represents 5.18% of the Issuer's outstanding ordinary shares.
• The shares were acquired and are held in the ordinary course of business, without the purpose or effect of changing or influencing the control of DT Cloud Acquisition Corp.
• The percentage of class was calculated based on 7,094,633 ordinary shares outstanding as of March 21, 2025, as reported in the Issuer's Form 10-K filed on March 27, 2025.
• All reporting persons have shared voting and shared dispositive power over the 367,743 shares.
• Wolverine Flagship Fund Trading Limited is known to have the right to receive dividends and proceeds from the sale of the shares beneficially owned by Wolverine Asset Management, LLC.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a passive investment without intent to influence control. It is neutral in terms of company performance but signals institutional interest.

Positives

• The disclosure of a significant stake by a reputable asset management firm like Wolverine Asset Management may signal institutional confidence in DT Cloud Acquisition Corp.

Future Outlook

The document does not contain any forward-looking statements or guidance regarding the issuer's future performance or strategic direction.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a routine disclosure of a significant passive investment stake by an institutional investor in a publicly traded company. It reflects standard market activity where investment firms acquire positions in companies for portfolio management purposes.

Related Party Transactions

• Wolverine Flagship Fund Trading Limited is identified as having the right to receive dividends from, or the proceeds from the sale of, the Ordinary shares covered by this statement that may be deemed to be beneficially owned by Wolverine Asset Management, LLC.

Stakeholder Impact

• Shareholders: The disclosure of a significant institutional stake may be viewed positively, potentially signaling confidence in the company's investment viability.

Key Dates

Keywords

DT Cloud Acquisition Corp, Wolverine Asset Management, Schedule 13G, beneficial ownership, ordinary shares, investment management, passive investment