The IPO Buzz: Asia-Focused Calisa Acquisition (ALISU) Raises $60 Million

Calisa Acquisition Corp. (ALISU), an Asia-focused blank check company, raised $60 million on Tuesday night, Oct. 21, 2025. This SPAC deal was priced in sync with the terms in the prospectus – 6 million units at $10.00 each. Each unit consists of one share of stock and the right to receive one-tenth (1/10) of a share upon the consummation of the initial business combination.

Calisa Acquisition dipped to $9.98 – down 2 cents from its SPAC IPO price – when it opened at 10:40 a.m. EDT today – Wednesday, Oct. 22, 2025 – on the NASDAQ on volume of 565,600.

EarlyBirdCapital was the sole book-runner.

Calisa Acquisition, based in New York, N.Y., intends to search for a target business in Asia, according to the prospectus.

Na Gai, the chairwoman of Calisa Acquisition, has served as the executive president for Shenzhen Guoxing Capital Co., Ltd., an asset management and investment company based in China, since September 2015, the prospectus said.

Hongfei Zhang, the CEO, has been the managing partner of Knightsbridge Investment Group, a private equity and venture capital firm investing in technology, biotech and consumer related businesses, since 2012. He is also the managing partner and co-founder of HEY Capital, which invests in commercial mortgage-backed securities (“CMBS”), according to the prospectus.

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