Unless the DTS site is badly outdated, it looks like it just outputs in Windows via soundcard, and not yet even HDMI.It looks like this does not output 12 channels to a wav file. (Correct me if I’m wrong). I have not tried it but I assume it’s just decoding and outputs ti the PCs configured sound device. MMH needs multichannel wav files to encode to Atmos.
If that's true then the conversion mechanism would appear to be handled internally by Windows and directly output through the soundcard/built in sound outputs, leaving only a direct capture of the output stream.