Radcliffe Capital Management L.P. acquired a new stake in Calisa Acquisition Corp (NASDAQ:ALIS – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 125,000 shares of the company’s stock, valued at approximately $1,241,000.
Other hedge funds have also recently added to or reduced their stakes in the company. StoneX Group Inc. purchased a new stake in shares of Calisa Acquisition in the fourth quarter valued at about $837,000. Berkley W R Corp purchased a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $1,477,000. Glazer Capital LLC acquired a new position in shares of Calisa Acquisition during the 4th quarter worth approximately $2,953,000. Westchester Capital Management LLC purchased a new stake in Calisa Acquisition in the 4th quarter valued at approximately $3,524,000. Finally, Clear Street Group Inc. purchased a new stake in Calisa Acquisition in the 4th quarter valued at approximately $3,985,000.
Wall Street Analyst Weigh In
Separately, Weiss Ratings raised Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.
Calisa Acquisition Stock Performance
NASDAQ:ALIS opened at $10.12 on Wednesday. The company has a 50-day moving average price of $10.06. Calisa Acquisition Corp has a 12-month low of $9.85 and a 12-month high of $10.15.
Calisa Acquisition (NASDAQ:ALIS – Get Free Report) last issued its quarterly earnings results on Wednesday, March 25th. The company reported $0.11 EPS for the quarter.
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.
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