Calisa Acquisition Corp Right is a derivative security issued by Calisa Acquisition Corp, a blank check company structured as a Cayman exempt entity. The primary function of this right is to grant holders the entitlement to receive a portion of an ordinary share—specifically, each right entitles the holder to acquire 0.1 ordinary share upon the successful completion of the company’s initial business combination, such as a merger or acquisition. Calisa Acquisition Corp is focused on identifying and executing a business combination with one or more companies, with a stated emphasis on opportunities throughout Asia. Rights like these are commonly used in the special purpose acquisition company (SPAC) structure to provide investors with added potential value and to enhance the attractiveness of the initial public offering. These rights trade independently from the ordinary shares after separation and represent a contingent claim on future equity, conditional on the company completing a qualifying business transaction within a specified timeframe.