Context Capital Management LLC Invests $3.48 Million in CSLM Digital Asset Acquisition Corp III, Ltd $KOYN

Context Capital Management LLC acquired a new stake in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) during the fourth quarter, Holdings Channel.com reports. The firm acquired 350,000 shares of the company’s stock, valued at approximately $3,482,000.

Several other institutional investors and hedge funds also recently made changes to their positions in KOYN. Arax Advisory Partners acquired a new stake in CSLM Digital Asset Acquisition Corp III during the fourth quarter worth approximately $29,000. Westchester Capital Management LLC acquired a new position in CSLM Digital Asset Acquisition Corp III in the fourth quarter valued at approximately $3,980,000. DLD Asset Management LP bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the 4th quarter worth approximately $398,000. Quarry LP bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the 4th quarter worth approximately $1,294,000. Finally, Glazer Capital LLC grew its position in shares of CSLM Digital Asset Acquisition Corp III by 9.1% during the 4th quarter. Glazer Capital LLC now owns 1,200,000 shares of the company’s stock worth $11,940,000 after buying an additional 100,000 shares during the period.

CSLM Digital Asset Acquisition Corp III Price Performance

Shares of KOYN opened at $10.14 on Friday. CSLM Digital Asset Acquisition Corp III, Ltd has a one year low of $9.85 and a one year high of $10.14. The company has a 50-day moving average price of $10.10.

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 Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of CSLM Digital Asset Acquisition Corp III in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently 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.