Governors Lane LP Buys 312,876 Shares of CSLM Digital Asset Acquisition Corp III, Ltd $KOYN

Governors Lane LP grew its stake in shares of CSLM Digital Asset Acquisition Corp III, Ltd (NASDAQ:KOYN) by 190.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 477,176 shares of the company’s stock after acquiring an additional 312,876 shares during the quarter. Governors Lane LP’s holdings in CSLM Digital Asset Acquisition Corp III were worth $4,748,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KOYN. AQR Arbitrage LLC bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at $12,074,000. Magnetar Financial LLC bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at $7,960,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at $6,468,000. Wealthspring Capital LLC bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at $6,027,000. Finally, Alberta Investment Management Corp bought a new position in shares of CSLM Digital Asset Acquisition Corp III during the fourth quarter valued at $4,975,000.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded CSLM Digital Asset Acquisition Corp III from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, June 11th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

CSLM Digital Asset Acquisition Corp III Price Performance

NASDAQ KOYN opened at $10.13 on Thursday. CSLM Digital Asset Acquisition Corp III, Ltd has a one year low of $9.85 and a one year high of $10.14. The stock has a 50-day simple moving average of $10.11.

CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYN) last released its quarterly earnings data on Thursday, March 19th. The company reported ($1.09) EPS for the quarter.

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.