Sona Asset Management US LLC Buys Shares of 350,000 CSLM Digital Asset Acquisition Corp III, Ltd $KOYN

Sona Asset Management US LLC purchased a new position in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) during the first quarter, HoldingsChannel.com reports. The fund purchased 350,000 shares of the company’s stock, valued at approximately $3,514,000.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised 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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, CSLM Digital Asset Acquisition Corp III presently has an average rating of “Sell”.

CSLM Digital Asset Acquisition Corp III Stock Performance

NASDAQ KOYN opened at $10.16 on Monday. CSLM Digital Asset Acquisition Corp III, Ltd has a 1-year low of $9.85 and a 1-year high of $10.17. The stock has a fifty day moving average of $10.14.

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

CSLM Digital Asset Acquisition Corp III Company 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.