Radcliffe Capital Management L.P. Takes $7.12 Million Position in Evolution Global Acquisition Corp $EVOX

Radcliffe Capital Management L.P. acquired a new position in Evolution Global Acquisition Corp (NASDAQ:EVOX) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 720,988 shares of the company’s stock, valued at approximately $7,116,000. Evolution Global Acquisition makes up about 0.4% of Radcliffe Capital Management L.P.’s investment portfolio, making the stock its 24th biggest holding.

Other institutional investors also recently bought and sold shares of the company. Glazer Capital LLC bought a new stake in Evolution Global Acquisition during the 4th quarter valued at $9,014,000. Verition Fund Management LLC bought a new position in shares of Evolution Global Acquisition during the 4th quarter worth $7,156,000. First Trust Capital Management L.P. bought a new position in shares of Evolution Global Acquisition during the 4th quarter worth $4,540,000. Periscope Capital Inc. purchased a new position in shares of Evolution Global Acquisition during the fourth quarter valued at $4,338,000. Finally, Clear Street Group Inc. bought a new stake in shares of Evolution Global Acquisition in the fourth quarter valued at about $3,938,000.

Evolution Global Acquisition Trading Up 0.2%

Shares of NASDAQ EVOX opened at $10.03 on Wednesday. Evolution Global Acquisition Corp has a 12-month low of $9.86 and a 12-month high of $10.09. The firm’s fifty day moving average is $10.00.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on EVOX shares. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded 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 stock has an average 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.