200,000 Shares in Evolution Global Acquisition Corp $EVOX Purchased by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. purchased a new position in Evolution Global Acquisition Corp (NASDAQ:EVOX) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 200,000 shares of the company’s stock, valued at approximately $1,974,000.

Other institutional investors have also modified their holdings of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Evolution Global Acquisition in the fourth quarter valued at $2,923,000. Periscope Capital Inc. acquired a new stake in Evolution Global Acquisition in the fourth quarter valued at $4,338,000. Picton Mahoney Asset Management acquired a new stake in Evolution Global Acquisition in the fourth quarter valued at $2,468,000. Geode Capital Management LLC acquired a new stake in Evolution Global Acquisition in the fourth quarter valued at $250,000. Finally, ABC Arbitrage SA acquired a new stake in Evolution Global Acquisition in the fourth quarter valued at $197,000.

Evolution Global Acquisition Stock Performance

Shares of Evolution Global Acquisition stock opened at $10.02 on Friday. The business’s 50 day moving average is $10.00. 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 quarterly earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings upgraded Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.