Whitebox Advisors LLC bought a new position in Evolution Global Acquisition Corp (NASDAQ:EVOX – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 300,000 shares of the company’s stock, valued at approximately $2,988,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Sona Asset Management US LLC bought a new stake in shares of Evolution Global Acquisition during the first quarter worth $4,996,000. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Evolution Global Acquisition in the 1st quarter worth about $3,992,000. DLD Asset Management LP bought a new position in Evolution Global Acquisition in the 1st quarter worth about $996,000. Bulldog Investors LLP purchased a new position in shares of Evolution Global Acquisition during the first quarter worth approximately $1,026,000. Finally, Lineage Point Capital LP bought a new stake in shares of Evolution Global Acquisition during the fourth quarter valued at approximately $7,797,000.
Evolution Global Acquisition Stock Up 0.0%
EVOX stock opened at $10.05 on Monday. Evolution Global Acquisition Corp has a 1-year low of $9.86 and a 1-year high of $10.09. The company has a 50-day moving average price of $10.03.
Analyst Upgrades and Downgrades
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 equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.
Read 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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