Governors Lane LP bought a new stake in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,039,500 shares of the company’s stock, valued at approximately $10,260,000. Governors Lane LP owned approximately 3.71% of Evolution Global Acquisition as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Meteora Capital LLC purchased a new position in Evolution Global Acquisition during the 4th quarter valued at about $49,000. ABC Arbitrage SA purchased a new position in Evolution Global Acquisition during the 4th quarter valued at about $197,000. Geode Capital Management LLC purchased a new position in Evolution Global Acquisition during the 4th quarter valued at about $250,000. ExodusPoint Capital Management LP purchased a new position in Evolution Global Acquisition during the 4th quarter valued at about $368,000. Finally, Berkley W R Corp purchased a new position in Evolution Global Acquisition during the 4th quarter valued at about $1,471,000.
Evolution Global Acquisition Stock Down 0.2%
Shares of NASDAQ EVOX opened at $10.01 on Thursday. Evolution Global Acquisition Corp has a 12 month low of $9.86 and a 12 month high of $10.09. The stock’s 50-day simple moving average is $10.01.
Analyst Ratings Changes
A number of research analysts have weighed in on EVOX shares. Wall Street Zen raised Evolution Global Acquisition to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings raised Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has a consensus rating of “Sell”.
Get Our Latest Research Report on EVOX
About Evolution Global Acquisition
Evolution Global Acquisition (NASDAQ:EVOX) is a special purpose acquisition company (SPAC) listed on the Nasdaq stock market. As a blank‑check company, its primary business purpose is to identify, negotiate and complete a business combination, merger or other acquisition that takes a target company public through the SPAC structure. The vehicle provides a means for investors to gain exposure to prospective private companies seeking public market access via a negotiated transaction with the sponsor.
SPACs like Evolution Global Acquisition typically raise capital in an initial public offering and hold funds in trust while they evaluate potential transaction opportunities.
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