Magnetar Financial LLC Acquires Shares of 800,000 CSLM Digital Asset Acquisition Corp III, Ltd $KOYN

Magnetar Financial LLC acquired a new stake in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) during the fourth quarter, Holdings Channel.com reports. The fund acquired 800,000 shares of the company’s stock, valued at approximately $7,960,000.

A number of other large investors have also recently made changes to their positions in the business. Arax Advisory Partners bought a new position in shares of CSLM Digital Asset Acquisition Corp III in the fourth quarter valued at $29,000. Geode Capital Management LLC bought a new position in shares of CSLM Digital Asset Acquisition Corp III in the fourth quarter valued at $134,000. DLD Asset Management LP bought a new position in shares of CSLM Digital Asset Acquisition Corp III in the fourth quarter valued at $398,000. ABC Arbitrage SA bought a new position in shares of CSLM Digital Asset Acquisition Corp III in the fourth quarter valued at $398,000. Finally, Glazer Capital LLC lifted its stake in shares of CSLM Digital Asset Acquisition Corp III by 9.1% in the fourth quarter. Glazer Capital LLC now owns 1,200,000 shares of the company’s stock valued at $11,940,000 after buying an additional 100,000 shares in the last quarter.

Wall Street Analyst Weigh In

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, Based on 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 KOYN stock opened at $10.14 on Wednesday. The firm has a 50-day moving average price of $10.11. CSLM Digital Asset Acquisition Corp III, Ltd has a one year low of $9.85 and a one year high of $10.14.

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