CSLM Digital Asset Acquisition Corp III, Ltd $KOYN Shares Sold by Context Capital Management LLC

Context Capital Management LLC lessened its holdings in CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) by 33.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 350,000 shares of the company’s stock after selling 175,000 shares during the quarter. Context Capital Management LLC’s holdings in CSLM Digital Asset Acquisition Corp III were worth $3,594,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Wealthspring Capital LLC acquired a new stake in CSLM Digital Asset Acquisition Corp III during the 3rd quarter worth $6,069,000. Rivernorth Capital Management LLC acquired a new position in shares of CSLM Digital Asset Acquisition Corp III in the 1st quarter valued at $5,015,000. Finally, Sona Asset Management US LLC bought a new position in shares of CSLM Digital Asset Acquisition Corp III in the 1st quarter worth $3,514,000.

CSLM Digital Asset Acquisition Corp III Price Performance

NASDAQ:KOYN opened at $10.29 on Wednesday. CSLM Digital Asset Acquisition Corp III, Ltd has a 1 year low of $9.92 and a 1 year high of $10.30. The stock has a 50-day moving average price of $10.25 and a two-hundred day moving average price of $10.15.

CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) last released its quarterly earnings results on Friday, November 6th. The company reported $0.07 EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded CSLM Digital Asset Acquisition Corp III from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Sell rating. Based on data from MarketBeat, CSLM Digital Asset Acquisition Corp III has an average rating of “Sell”.

About CSLM Digital Asset Acquisition Corp III

CSLM Digital Asset Acquisition Corp III is a special purpose acquisition company (SPAC), a type of company formed to pursue a merger or other business combination with an operating business. It does not have a standalone portfolio of products or services. The company’s stated focus is on identifying a business combination opportunity in the digital asset sector. Its activities are therefore centered on evaluating and pursuing a potential transaction rather than operating a digital asset business itself.