Sona Asset Management US LLC purchased a new stake in Evolution Global Acquisition Corp (NASDAQ:EVOX – Free Report) in the first quarter, HoldingsChannel reports. The firm purchased 501,622 shares of the company’s stock, valued at approximately $4,996,000.
Other institutional investors have also recently bought and sold shares of the company. Adage Capital Partners GP L.L.C. acquired a new position in Evolution Global Acquisition during the 4th quarter worth $18,654,000. Governors Lane LP acquired a new stake in shares of Evolution Global Acquisition in the 4th quarter valued at $10,260,000. Glazer Capital LLC acquired a new stake in shares of Evolution Global Acquisition in the 4th quarter valued at $9,014,000. Lineage Point Capital LP bought a new stake in shares of Evolution Global Acquisition during the fourth quarter worth $7,797,000. Finally, Verition Fund Management LLC bought a new stake in shares of Evolution Global Acquisition during the fourth quarter worth $7,156,000.
Evolution Global Acquisition Stock Up 0.0%
EVOX opened at $10.05 on Monday. The business’s 50 day simple moving average is $10.03. Evolution Global Acquisition Corp has a fifty-two week low of $9.86 and a fifty-two week high of $10.09.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.
View Our Latest Report on EVOX
Evolution Global Acquisition Company Profile
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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