Global market sentiment towards SPACs and de-SPAC transactions: Investor appetite for special purpose acquisition companies, particularly those yet to finalize a business combination, can significantly influence their valuations and the success rate of mergers.

Interest rate environment and financing costs: Rising interest rates, influenced by FOMC decisions on inflation, can increase the cost of capital for both SPACs and their target companies, potentially hindering acquisition deals.

Geopolitical and regulatory landscape in Asia: Calisa Acquisition Corp's focus on Asian businesses makes it susceptible to geopolitical tensions and shifts in regulatory frameworks within the region, which could impact its ability to identify and secure suitable acquisition targets.