Rivernorth Capital Management LLC Invests $2.99 Million in Calisa Acquisition Corp $ALIS

Rivernorth Capital Management LLC purchased a new stake in Calisa Acquisition Corp (NASDAQ:ALIS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 300,000 shares of the company’s stock, valued at approximately $2,994,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. StoneX Group Inc. bought a new stake in shares of Calisa Acquisition during the 4th quarter valued at $837,000. Glazer Capital LLC purchased a new position in shares of Calisa Acquisition during the fourth quarter worth about $2,953,000. Berkley W R Corp purchased a new stake in shares of Calisa Acquisition during the 4th quarter valued at $1,477,000. Westchester Capital Management LLC bought a new stake in Calisa Acquisition during the fourth quarter worth about $3,524,000. Finally, Clear Street Group Inc. purchased a new stake in Calisa Acquisition in the fourth quarter worth approximately $3,985,000.

Calisa Acquisition Price Performance

Shares of ALIS opened at $10.16 on Wednesday. Calisa Acquisition Corp has a twelve month low of $9.85 and a twelve month high of $10.25. The firm’s fifty day moving average price is $10.13.

Calisa Acquisition (NASDAQ:ALIS) last issued its quarterly earnings data on Friday, May 15th. The company reported ($0.01) EPS for the quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Calisa Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company 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.