Rivernorth Capital Management LLC purchased a new stake in Evolution Global Acquisition Corp (NASDAQ:EVOX – Free Report) during the 1st quarter, HoldingsChannel reports. The fund purchased 99,844 shares of the company’s stock, valued at approximately $994,000.
Other large investors have also recently modified their holdings of the company. Toronto Dominion Bank purchased a new position in shares of Evolution Global Acquisition during the fourth quarter worth about $38,000. Meteora Capital LLC purchased a new stake in Evolution Global Acquisition in the fourth quarter valued at approximately $49,000. ABC Arbitrage SA purchased a new stake in Evolution Global Acquisition in the fourth quarter valued at approximately $197,000. Geode Capital Management LLC bought a new stake in Evolution Global Acquisition during the fourth quarter valued at approximately $250,000. Finally, ExodusPoint Capital Management LP purchased a new position in Evolution Global Acquisition in the 4th quarter worth approximately $368,000.
Analysts Set New Price Targets
Separately, Weiss Ratings raised shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a report on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.
Evolution Global Acquisition Price Performance
Shares of EVOX stock opened at $10.06 on Thursday. The business’s 50-day moving average price is $10.04. Evolution Global Acquisition Corp has a 12-month low of $9.86 and a 12-month high of $10.09.
Evolution Global Acquisition (NASDAQ:EVOX – Get Free Report) last announced its quarterly earnings data on Tuesday, May 12th. The company reported $0.06 EPS for the quarter.
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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