350,000 Shares in CSLM Digital Asset Acquisition Corp III, Ltd $KOYN Purchased by Sona Asset Management US LLC

Sona Asset Management US LLC purchased a new stake in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 350,000 shares of the company’s stock, valued at approximately $3,514,000.

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

CSLM Digital Asset Acquisition Corp III Price Performance

Shares of KOYN opened at $10.16 on Monday. CSLM Digital Asset Acquisition Corp III, Ltd has a one year low of $9.85 and a one year high of $10.17. The company has a 50-day simple moving average 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 (EPS) for the quarter.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock currently has a consensus 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.