Calisa Acquisition Corp’s (NASDAQ:ALISU) Quiet Period Set To Expire on December 1st

Calisa Acquisition’s (NASDAQ:ALISU) quiet period is set to expire on Monday, December 1st. Calisa Acquisition had issued 6,000,000 shares in its initial public offering on October 22nd. The total size of the offering was $60,000,000 based on an initial share price of $10.00. During Calisa Acquisition’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Calisa Acquisition to a “hold” rating in a report on Monday, November 3rd.

Calisa Acquisition Stock Performance

Calisa Acquisition stock opened at $10.04 on Monday. Calisa Acquisition has a twelve month low of $9.98 and a twelve month high of $10.10.

About Calisa Acquisition

We are a blank check company incorporated on March 11, 2024, as a Cayman Islands exempted company for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination, which we refer to throughout this prospectus as our “business combination” or “initial business combination,” with one or more businesses or entities, which we refer to throughout this prospectus as a “target business” or “target businesses”.