CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) Trading Down 0.1% – Here’s What Happened

CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) shares were down 0.1% on Thursday . The stock traded as low as $10.04 and last traded at $10.04. Approximately 21,077 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 124,842 shares. The stock had previously closed at $10.05.

Wall Street Analyst Weigh In

A number of equities analysts have commented on KOYN shares. Wall Street Zen upgraded shares of CSLM Digital Asset Acquisition Corp III to a “hold” rating in a research report on Tuesday, January 27th. Weiss Ratings initiated coverage on shares of CSLM Digital Asset Acquisition Corp III in a research note on Monday, January 26th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

CSLM Digital Asset Acquisition Corp III Stock Performance

Institutional Trading of CSLM Digital Asset Acquisition Corp III

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

CSLM Digital Asset Acquisition Corp III Company 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.