Calisa Acquisition (NASDAQ:ALIS) Shares Up 0.2% – Here’s What Happened

Calisa Acquisition Corp (NASDAQ:ALIS)’s share price shot up 0.2% during trading on Monday . The company traded as high as $10.01 and last traded at $10.03. 1,464 shares changed hands during trading, a decline of 95% from the average session volume of 31,669 shares. The stock had previously closed at $10.01.

Analyst Ratings Changes

Separately, Weiss Ratings began coverage on Calisa Acquisition in a research note on Tuesday, February 17th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has an average rating of “Sell”.

Calisa Acquisition Price Performance

Institutional Investors Weigh In On Calisa Acquisition

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Westchester Capital Management LLC purchased a new position in shares of Calisa Acquisition during the 4th quarter worth $3,524,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Calisa Acquisition during the 4th quarter worth about $2,979,000. Glazer Capital LLC purchased a new stake in Calisa Acquisition in the 4th quarter valued at about $2,953,000. Toronto Dominion Bank purchased a new stake in Calisa Acquisition in the 4th quarter valued at about $2,561,000. Finally, Berkley W R Corp acquired a new position in Calisa Acquisition in the fourth quarter valued at about $1,477,000.

Calisa Acquisition Company Profile

Calisa Acquisition (NASDAQ: ALIS) is a special purpose acquisition company (SPAC) that is publicly traded on the Nasdaq stock exchange. As a blank‑check vehicle, its primary corporate purpose is to identify, negotiate and complete one or more business combinations, such as mergers, share exchanges, asset acquisitions, or similar transactions that would result in a privately held company becoming publicly listed through the SPAC structure.

Like other SPACs, Calisa Acquisition typically raises capital through an initial public offering and holds those proceeds in a trust account while it evaluates potential target companies.