Calisa Acquisition Corp Receives Nasdaq Non-Compliance Notice Regarding Minimum Holder Requirement

Key Points from the Report

• Date of Event: April 30, 2026
• Company: Calisa Acquisition Corp (the “Company”)
• Exchange: The Nasdaq Stock Market LLC
• Ticker Symbols: ALISU (Units), ALIS (Ordinary Shares), ALISR (Rights)
• Notice Received: Written notice from Nasdaq’s Listing Qualifications Department
• Reason for Notice: Non-compliance with Nasdaq Listing Rule 5450(a)(2) – the Minimum Total Holders Rule
• Rule Requirement: Company must have at least 400 “Total Holders” (beneficial holders and holders of record) of its ordinary shares for continued listing
• Deadline to Respond: Company must submit a compliance plan to Nasdaq by June 15, 2026
• Potential Outcomes: Nasdaq may grant up to 180 calendar days (from notice date) to regain compliance if plan is accepted; Company has the right to appeal if plan is rejected
• Company Statement: Calisa intends to submit a compliance plan on or before June 15, 2026 to maintain its Nasdaq listing
• Emerging Growth Company: Calisa is classified as an emerging growth company

Details for Shareholders and Investors

On April 30, 2026, Calisa Acquisition Corp announced that it received a notice of non-compliance from the Listing Qualifications Department of The Nasdaq Stock Market LLC. The notice states that Calisa is not in compliance with Nasdaq Listing Rule 5450(a)(2), known as the Minimum Total Holders Rule. This rule requires companies to have at least 400 total holders (including both beneficial holders and holders of record) of their ordinary shares to remain listed on the exchange.

The notice is price-sensitive and may affect share value, as failure to regain compliance could result in the delisting of Calisa’s shares from Nasdaq. Delisting typically reduces liquidity, may impact investor confidence, and can have significant negative implications for share price.

Next Steps: Calisa has until June 15, 2026 to submit a plan to Nasdaq to regain compliance. If Nasdaq accepts the plan, they may grant the Company up to 180 calendar days from the date of the notice to regain compliance with the Minimum Total Holders Rule. If Nasdaq does not accept the plan, Calisa will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel.

Calisa’s management has stated its intention to submit a compliance plan on or before the deadline to maintain its listing status. However, there is no guarantee that Nasdaq will accept the plan or that the Company will be able to regain compliance within the permitted period.

Additional Information: The Company’s units, ordinary shares, and rights are registered on Nasdaq under the symbols ALISU, ALIS, and ALISR, respectively. Calisa is also classified as an emerging growth company under SEC definitions, which may affect certain disclosure and governance requirements.

Potential Impact on Share Value

• The risk of delisting poses a direct threat to shareholder value and the Company’s market visibility.
• Shareholders should closely monitor further announcements regarding Calisa’s compliance plan and Nasdaq’s response.
• If delisting proceeds, Calisa’s securities may only be eligible for trading on over-the-counter (OTC) markets, typically with lower liquidity and higher volatility.

Forward-Looking Statements

This report contains forward-looking statements regarding Calisa Acquisition Corp’s intentions and expectations about regaining compliance and maintaining its Nasdaq listing. Such statements are subject to risks and uncertainties, and actual results may differ materially. The Company does not undertake to update forward-looking statements to reflect subsequent events or circumstances.

Disclaimer

This article is for informational purposes only and does not constitute investment advice, an offer, or a solicitation to buy or sell any securities. Investors should conduct their own due diligence and consult their financial advisors before making investment decisions. The information herein is based on the Company’s public filings and is subject to change without notice.

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