Sona Asset Management US LLC Acquires Shares of 501,622 Evolution Global Acquisition Corp $EVOX

Sona Asset Management US LLC bought a new stake in Evolution Global Acquisition Corp (NASDAQ:EVOX) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 501,622 shares of the company’s stock, valued at approximately $4,996,000. Sona Asset Management US LLC owned approximately 1.79% of Evolution Global Acquisition as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in EVOX. Toronto Dominion Bank acquired a new stake in shares of Evolution Global Acquisition during the 4th quarter worth about $38,000. Meteora Capital LLC acquired a new position in Evolution Global Acquisition in the fourth quarter valued at about $49,000. ABC Arbitrage SA acquired a new position in Evolution Global Acquisition in the fourth quarter valued at about $197,000. Geode Capital Management LLC bought a new stake in Evolution Global Acquisition during the fourth quarter worth about $250,000. Finally, ExodusPoint Capital Management LP bought a new stake in Evolution Global Acquisition during the fourth quarter worth about $368,000.

Evolution Global Acquisition Trading Up 0.0%

Evolution Global Acquisition stock opened at $10.05 on Monday. The business has a fifty day simple moving average of $10.03. Evolution Global Acquisition Corp has a 52 week low of $9.86 and a 52 week 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.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock 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.