Magnetar Financial LLC Takes Position in CSLM Digital Asset Acquisition Corp III, Ltd $KOYN

Magnetar Financial LLC bought a new stake in shares of CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 800,000 shares of the company’s stock, valued at approximately $7,960,000.

Several other large investors have also added to or reduced their stakes in the business. Arax Advisory Partners acquired a new stake in CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $29,000. Geode Capital Management LLC acquired a new stake in CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $134,000. DLD Asset Management LP acquired a new stake in CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $398,000. ABC Arbitrage SA acquired a new stake in CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $398,000. Finally, Glazer Capital LLC grew its stake in CSLM Digital Asset Acquisition Corp III by 9.1% during the fourth quarter. Glazer Capital LLC now owns 1,200,000 shares of the company’s stock worth $11,940,000 after purchasing an additional 100,000 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised shares of CSLM Digital Asset Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, CSLM Digital Asset Acquisition Corp III presently has a consensus rating of “Sell”.

CSLM Digital Asset Acquisition Corp III Stock 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 business’s fifty day moving average is $10.11.

CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) last issued its earnings results on Thursday, March 19th. The company reported ($1.09) earnings per share (EPS) for the quarter.

CSLM Digital Asset Acquisition Corp III Profile

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.