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

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

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Calisa Acquisition in a research report on Tuesday, February 17th. They set a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has an average rating of “Sell”.

Calisa Acquisition Trading Down 0.1%

Institutional Investors Weigh In On Calisa Acquisition

Institutional investors and hedge funds have recently made changes to their positions in the company. Clear Street Group Inc. bought a new position in Calisa Acquisition in the fourth quarter valued at about $3,985,000. Westchester Capital Management LLC acquired a new position in Calisa Acquisition during the 4th quarter valued at about $3,524,000. Aristeia Capital L.L.C. bought a new position in shares of Calisa Acquisition in the 4th quarter valued at about $3,078,000. Polar Asset Management Partners Inc. acquired a new stake in shares of Calisa Acquisition during the 4th quarter worth approximately $2,979,000. Finally, Glazer Capital LLC bought a new stake in shares of Calisa Acquisition during the fourth quarter worth approximately $2,953,000.

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.