SCHEDULE 13G: Hudson Bay Capital Management Discloses 6.13% Stake in DT Cloud Star Acquisition Corporation
Beneficial Ownership Disclosure
Hudson Bay Capital Management LP and Sander Gerber have disclosed a beneficial ownership of 6.13% in DT Cloud Star Acquisition Corporation's Ordinary Shares as of December 31, 2024.
Summary
- Hudson Bay Capital Management LP and Mr. Sander Gerber (collectively, the "Reporting Persons") have filed a Schedule 13G with the SEC.
- The Reporting Persons beneficially own 546,000 Ordinary Shares of DT Cloud Star Acquisition Corporation.
- This ownership represents 6.13% of the company's total outstanding Ordinary Shares.
- The percentage is calculated based on 8,900,900 Ordinary Shares outstanding as of November 12, 2024, as reported in the company's Form 10-Q.
- The shares are held in the name of HB Strategies LLC, with Hudson Bay Capital Management LP serving as its investment manager.
- Mr. Gerber, as the managing member of Hudson Bay Capital GP LLC (the general partner of the Investment Manager), disclaims beneficial ownership of these securities.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.
Sentiment
Score: 5
Explanation: The document is a factual regulatory disclosure of beneficial ownership and does not contain information that would significantly alter the sentiment towards the company, indicating a neutral stance.
Positives
- The disclosure of a significant stake by an institutional investor like Hudson Bay Capital Management LP may signal institutional interest in DT Cloud Star Acquisition Corporation.
Future Outlook
The document does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.
Management Comments
- The Reporting Persons certify that the securities 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.
Industry Context
This Schedule 13G filing is a standard regulatory disclosure indicating a significant passive investment by an institutional fund in DT Cloud Star Acquisition Corporation. Such filings provide transparency on major ownership stakes within publicly traded companies, which is a routine aspect of capital markets.
Stakeholder Impact
- Shareholders: Provides transparency regarding significant institutional ownership, which can be a factor in assessing investor confidence and liquidity.
Next Steps
- The Reporting Persons will be responsible for timely filing of subsequent amendments to this Schedule 13G if there are material changes to their beneficial ownership.
Key Dates
| Date | Description |
|---|---|
| 2024-09-30 | End of the quarterly period for which outstanding shares were reported in the Company's Form 10-Q. |
| 2024-11-12 | Date as of which 8,900,900 ordinary shares were reported outstanding in the Company's Form 10-Q. |
| 2024-12-31 | Date of the event which required the filing of this statement (beneficial ownership threshold met). |
| 2025-02-10 | Date of filing of this Schedule 13G. |
Keywords
DT Cloud Star Acquisition Corporation, Hudson Bay Capital Management, Sander Gerber, Schedule 13G, Beneficial Ownership, Ordinary Shares, Investment Management, SEC Filing
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