ALIS · Calisa Acquisition Corp

Calisa Acquisition Corp faces a critical compliance issue with Nasdaq's Listing Rule 5450(a)(2), which mandates at least 400 total holders of ordinary shares, encompassing both beneficial and record holders, for continued listing. The notice received on April 30, 2026, triggers a structured remediation process: the Company must submit a detailed plan by June 15, 2026. Acceptance of this plan could secure an extension of up to 180 calendar days from the notice date to demonstrate compliance, providing a pathway to resolve the shareholder base deficiency. Rejection would allow an appeal to a Nasdaq Hearings Panel, though success is not guaranteed. The Company's stated intention to submit the plan underscores its commitment to retaining Nasdaq listing status, which is vital for liquidity, visibility, and investor access. Failure to regain compliance could lead to delisting, severely impacting share trading and valuation for investors.