Radcliffe Capital Management L.P. boosted its stake in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN – Free Report) by 51.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 701,739 shares of the company’s stock after buying an additional 237,461 shares during the quarter. CSLM Digital Asset Acquisition Corp III makes up approximately 0.4% of Radcliffe Capital Management L.P.’s portfolio, making the stock its 27th largest holding. Radcliffe Capital Management L.P.’s holdings in CSLM Digital Asset Acquisition Corp III were worth $6,982,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Arax Advisory Partners acquired a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at approximately $29,000. Geode Capital Management LLC purchased a new position in shares of CSLM Digital Asset Acquisition Corp III in the fourth quarter valued at approximately $134,000. ABC Arbitrage SA acquired a new stake in shares of CSLM Digital Asset Acquisition Corp III in the fourth quarter worth approximately $398,000. DLD Asset Management LP purchased a new stake in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $398,000. Finally, Quarry LP purchased a new stake in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $1,294,000.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings upgraded CSLM Digital Asset Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, CSLM Digital Asset Acquisition Corp III has a consensus rating of “Sell”.
CSLM Digital Asset Acquisition Corp III Price Performance
Shares of NASDAQ KOYN opened at $10.14 on Wednesday. CSLM Digital Asset Acquisition Corp III, Ltd has a 12-month low of $9.85 and a 12-month high of $10.14. The company’s 50-day simple moving average is $10.11.
CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN – Get Free Report) last released its earnings results on Thursday, March 19th. The company reported ($1.09) earnings per share for the quarter.
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.
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