Governors Lane LP Increases Stock Holdings in CSLM Digital Asset Acquisition Corp III, Ltd $KOYN

Governors Lane LP increased its holdings in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) by 190.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 477,176 shares of the company’s stock after acquiring an additional 312,876 shares during the quarter. Governors Lane LP’s holdings in CSLM Digital Asset Acquisition Corp III were worth $4,748,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KOYN. Arax Advisory Partners purchased a new stake in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $29,000. Geode Capital Management LLC bought a new position in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $134,000. Boothbay Fund Management LLC bought a new position in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $249,000. ABC Arbitrage SA bought a new position in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $398,000. Finally, DLD Asset Management LP bought a new position in CSLM Digital Asset Acquisition Corp III in the fourth quarter worth $398,000.

CSLM Digital Asset Acquisition Corp III Price Performance

KOYN opened at $10.13 on Thursday. The business has a fifty day moving average price of $10.11. CSLM Digital Asset Acquisition Corp III, Ltd has a 12-month low of $9.85 and a 12-month high of $10.14.

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

Wall Street Analysts Forecast Growth

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 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”.

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.