Rivernorth Capital Management LLC Takes Position in CSLM Digital Asset Acquisition Corp III, Ltd $KOYN

Rivernorth Capital Management LLC acquired a new position in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 499,512 shares of the company’s stock, valued at approximately $5,015,000.

Several other large investors have also bought and sold shares of the company. Wolverine Asset Management LLC bought a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth about $3,060,000. Periscope Capital Inc. bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the 4th quarter valued at about $4,128,000. Context Capital Management LLC acquired a new position in shares of CSLM Digital Asset Acquisition Corp III in the 4th quarter worth approximately $3,482,000. Virtu Financial LLC grew its stake in shares of CSLM Digital Asset Acquisition Corp III by 469.6% in the 4th quarter. Virtu Financial LLC now owns 122,326 shares of the company’s stock worth $1,217,000 after purchasing an additional 100,852 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of CSLM Digital Asset Acquisition Corp III in the 4th quarter worth approximately $2,985,000.

CSLM Digital Asset Acquisition Corp III Stock Performance

NASDAQ KOYN opened at $10.18 on Wednesday. CSLM Digital Asset Acquisition Corp III, Ltd has a 1 year low of $9.85 and a 1 year high of $10.20. The business’s 50-day moving average is $10.14.

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

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 research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has an average rating of “Sell”.

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.