Crossingbridge Advisors Reduces Stake in DT Cloud Star Acquisition

Investment firm sells 125,000 shares of SPAC, retains 25,000 shares

Published on Mar. 9, 2026

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Crossingbridge Advisors LLC has decreased its position in DT Cloud Star Acquisition Corporation (NASDAQ:DTSQ) by 83.3%, selling 125,000 shares during the third quarter. The firm now owns 25,000 shares, or approximately 0.28% of the SPAC's outstanding stock.

Why it matters

This transaction highlights the volatility and uncertainty surrounding special purpose acquisition companies (SPACs) like DT Cloud Star Acquisition. As investors become more cautious, some firms are reducing their exposure to these types of blank-check companies.

The details

According to a recent SEC filing, Crossingbridge Advisors sold 125,000 shares of DT Cloud Star Acquisition, leaving the firm with a remaining stake of 25,000 shares. The SPAC's stock price has fluctuated between $10.20 and $12.90 over the past year.

  • Crossingbridge Advisors sold 125,000 shares during the third quarter of 2026.

The players

Crossingbridge Advisors LLC

An investment management firm that has decreased its position in DT Cloud Star Acquisition Corporation.

DT Cloud Star Acquisition Corporation

A special purpose acquisition company (SPAC) that is focused on effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, or similar business combination.

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What they’re saying

“Separately, Gabelli Funds LLC boosted its holdings in shares of DT Cloud Star Acquisition by 100.0% during the 2nd quarter. Gabelli Funds LLC now owns 168,000 shares of the company's stock worth $1,744,000.”

— Gabelli Funds LLC (MarketBeat)

The takeaway

This transaction highlights the ongoing volatility and uncertainty surrounding the SPAC market, as some investors become more cautious and reduce their exposure to these types of blank-check companies.