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

Rivernorth Capital Management LLC purchased a new stake in shares of CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) during the 1st quarter, Holdings Channel reports. The fund purchased 499,512 shares of the company’s stock, valued at approximately $5,015,000.

A number of other institutional investors have also recently bought and sold shares of the business. Verition Fund Management LLC boosted its position in CSLM Digital Asset Acquisition Corp III by 37.2% during the 4th quarter. Verition Fund Management LLC now owns 1,222,446 shares of the company’s stock worth $12,163,000 after acquiring an additional 331,146 shares during the period. AQR Arbitrage LLC acquired a new position in shares of CSLM Digital Asset Acquisition Corp III in the 4th quarter valued at about $12,074,000. Glazer Capital LLC lifted its position 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 worth $11,940,000 after purchasing an additional 100,000 shares in the last quarter. Magnetar Financial LLC acquired a new stake in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $7,960,000. Finally, Radcliffe Capital Management L.P. increased its stake in CSLM Digital Asset Acquisition Corp III by 51.1% in the 4th quarter. Radcliffe Capital Management L.P. now owns 701,739 shares of the company’s stock valued at $6,982,000 after buying an additional 237,461 shares during the period.

CSLM Digital Asset Acquisition Corp III Trading Up 0.1%

Shares of NASDAQ KOYN opened at $10.18 on Wednesday. CSLM Digital Asset Acquisition Corp III, Ltd has a one year low of $9.85 and a one year high of $10.20. The company has a 50-day moving average price of $10.14.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of CSLM Digital Asset Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, June 11th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.