Wealthspring Capital LLC acquired a new stake in shares of CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN – Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 605,690 shares of the company’s stock, valued at approximately $6,027,000. CSLM Digital Asset Acquisition Corp III makes up 1.5% of Wealthspring Capital LLC’s investment portfolio, making the stock its 25th largest position.
Separately, ABC Arbitrage SA bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the 4th quarter valued at about $398,000.
Wall Street Analysts Forecast Growth
KOYN has been the topic of several recent analyst reports. Wall Street Zen upgraded CSLM Digital Asset Acquisition Corp III to a “hold” rating in a report on Tuesday, January 27th. Weiss Ratings initiated coverage on CSLM Digital Asset Acquisition Corp III in a report on Monday, January 26th. They set a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
CSLM Digital Asset Acquisition Corp III Trading Down 0.1%
Shares of CSLM Digital Asset Acquisition Corp III stock opened at $10.11 on Thursday. The company has a 50 day moving average price of $10.06. CSLM Digital Asset Acquisition Corp III, Ltd has a 52-week low of $9.85 and a 52-week high of $10.12.
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.
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