Rivernorth Capital Management LLC Makes New Investment in Calisa Acquisition Corp $ALIS

Rivernorth Capital Management LLC bought a new position in Calisa Acquisition Corp (NASDAQ:ALIS) in the 1st quarter, Holdings Channel.com reports. The institutional investor bought 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 recently modified their holdings of ALIS. Clear Street Group Inc. purchased a new stake in Calisa Acquisition in the fourth quarter worth about $3,985,000. Westchester Capital Management LLC bought a new stake in shares of Calisa Acquisition in the 4th quarter worth approximately $3,524,000. Sona Asset Management US LLC purchased a new stake in shares of Calisa Acquisition in the 1st quarter worth approximately $3,531,000. Aristeia Capital L.L.C. bought a new position in Calisa Acquisition during the 4th quarter valued at approximately $3,078,000. Finally, Polar Asset Management Partners Inc. purchased a new position in Calisa Acquisition during the fourth quarter valued at $2,979,000.

Analysts Set New Price Targets

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

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 50 day moving average price is $10.13.

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

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.