CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) Shares Down 0.1% – What’s Next?

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN)’s stock price was down 0.1% during mid-day trading on Thursday . The company traded as low as $10.04 and last traded at $10.04. Approximately 21,077 shares changed hands during trading, a decline of 83% from the average daily volume of 124,842 shares. The stock had previously closed at $10.05.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wall Street Zen upgraded shares of CSLM Digital Asset Acquisition Corp III to a “hold” rating in a report on Tuesday, January 27th. Weiss Ratings started coverage on CSLM Digital Asset Acquisition Corp III in a report on Monday, January 26th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

CSLM Digital Asset Acquisition Corp III Stock Performance

Hedge Funds Weigh In On CSLM Digital Asset Acquisition Corp III

Several large investors have recently modified their holdings of the stock. Arax Advisory Partners purchased a new position in shares of CSLM Digital Asset Acquisition Corp III in the 4th quarter worth $29,000. Geode Capital Management LLC bought a new position in shares of CSLM Digital Asset Acquisition Corp III in the 4th quarter worth approximately $134,000. Boothbay Fund Management LLC bought a new position in shares of CSLM Digital Asset Acquisition Corp III in the 4th quarter worth approximately $249,000. ABC Arbitrage SA purchased a new position in shares of CSLM Digital Asset Acquisition Corp III in the fourth quarter worth approximately $398,000. Finally, DLD Asset Management LP bought a new stake in CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at approximately $398,000.

About CSLM Digital Asset Acquisition Corp III

CSLM Digital Asset Acquisition Corp III (NASDAQ: KOYN) is a publicly traded special purpose acquisition company (SPAC) formed to identify, acquire and combine with one or more businesses in the digital asset and blockchain-related sectors. As a blank‑check vehicle, the company’s primary activity is to raise capital through its initial public offering and hold those proceeds in trust while it pursues a business combination that would result in an operating company focused on digital assets, crypto infrastructure, or related financial technology services.

Prior to completing a business combination, CSLM Digital Asset Acquisition Corp III does not operate a commercial business; its operations are limited to searching for suitable targets, conducting due diligence, negotiating transaction terms and preparing for a potential merger or acquisition.