439,500 Shares in Evolution Global Acquisition Corp $EVOX Acquired by Periscope Capital Inc.

Periscope Capital Inc. purchased a new position in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) in the 4th quarter, Holdings Channel reports. The firm purchased 439,500 shares of the company’s stock, valued at approximately $4,338,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of EVOX. ABC Arbitrage SA acquired a new position in Evolution Global Acquisition during the fourth quarter worth approximately $197,000. Geode Capital Management LLC acquired a new position in Evolution Global Acquisition during the fourth quarter worth approximately $250,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Evolution Global Acquisition during the fourth quarter worth approximately $2,923,000.

Evolution Global Acquisition Stock Up 0.0%

Shares of EVOX stock opened at $10.02 on Friday. The company has a fifty day moving average price of $9.99. Evolution Global Acquisition Corp has a twelve month low of $9.86 and a twelve month high of $10.09.

Evolution Global Acquisition (NASDAQ:EVOX) last announced its earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings assumed coverage on shares of Evolution Global Acquisition in a research report on Tuesday. They issued a “sell (e)” rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has an average rating of “Sell”.

Evolution Global Acquisition 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.