Calisa Acquisition (NASDAQ:ALIS) Trading Down 0.1% – Here’s What Happened

Calisa Acquisition Corp (NASDAQ:ALIS) fell 0.1% during trading on Friday . The company traded as low as $9.98 and last traded at $9.98. 1 shares were traded during trading, a decline of 100% from the average session volume of 39,168 shares. The stock had previously closed at $9.99.

Wall Street Analyst Weigh In

Separately, Weiss Ratings began coverage on shares of Calisa Acquisition in a report on Tuesday, February 17th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Calisa Acquisition presently has a consensus rating of “Sell”.

Calisa Acquisition Stock Down 0.1%

Hedge Funds Weigh In On Calisa Acquisition

A number of institutional investors have recently modified their holdings of the company. Virtu Financial LLC bought a new position in Calisa Acquisition in the 4th quarter worth $187,000. StoneX Group Inc. bought a new position in shares of Calisa Acquisition during the 4th quarter worth about $837,000. Boothbay Fund Management LLC acquired a new stake in shares of Calisa Acquisition during the 4th quarter valued at about $894,000. Radcliffe Capital Management L.P. bought a new stake in Calisa Acquisition in the fourth quarter valued at about $1,241,000. Finally, Berkley W R Corp acquired a new position in Calisa Acquisition in the fourth quarter worth 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.