Polar Asset Management Partners Inc. Trims Stock Position in Calisa Acquisition Corp $ALIS

Polar Asset Management Partners Inc. trimmed its stake in Calisa Acquisition Corp (NASDAQ:ALIS) by 50.0% in the 1st quarter, HoldingsChannel reports. The firm owned 150,000 shares of the company’s stock after selling 150,000 shares during the quarter. Polar Asset Management Partners Inc.’s holdings in Calisa Acquisition were worth $1,497,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Sona Asset Management US LLC purchased a new stake in Calisa Acquisition in the first quarter worth about $3,531,000. Berkley W R Corp raised its holdings in Calisa Acquisition by 32.2% in the first quarter. Berkley W R Corp now owns 196,716 shares of the company’s stock worth $1,968,000 after purchasing an additional 47,931 shares in the last quarter. Lineage Point Capital LP bought a new position in shares of Calisa Acquisition in the 4th quarter worth about $2,392,000. Virtu Financial LLC bought a new stake in Calisa Acquisition during the fourth quarter worth about $187,000. Finally, Toronto Dominion Bank bought a new position in shares of Calisa Acquisition during the fourth quarter valued at approximately $2,561,000.

Calisa Acquisition Trading Up 0.1%

Shares of ALIS opened at $10.16 on Tuesday. The company’s fifty day simple moving average is $10.13. Calisa Acquisition Corp has a 12 month low of $9.85 and a 12 month high of $10.25.

Calisa Acquisition (NASDAQ:ALIS) last posted its quarterly earnings results on Friday, May 15th. The company reported ($0.01) earnings per share for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Calisa Acquisition 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.