Bulldog Investors LLP Invests $1.03 Million in Evolution Global Acquisition Corp $EVOX

Bulldog Investors LLP purchased a new stake in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 102,892 shares of the company’s stock, valued at approximately $1,026,000.

A number of other large investors have also recently added to or reduced their stakes in EVOX. ABC Arbitrage SA acquired a new stake in Evolution Global Acquisition during the fourth quarter worth $197,000. Geode Capital Management LLC acquired a new position in shares of Evolution Global Acquisition in the 4th quarter valued at $250,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Evolution Global Acquisition in the 4th quarter valued at $2,923,000. Periscope Capital Inc. purchased a new position in shares of Evolution Global Acquisition during the 4th quarter worth $4,338,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Evolution Global Acquisition during the 4th quarter worth about $2,468,000.

Wall Street Analyst Weigh In

Separately, 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 investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock has an average rating of “Sell”.

Evolution Global Acquisition Stock Down 0.0%

Shares of NASDAQ EVOX opened at $10.05 on Tuesday. Evolution Global Acquisition Corp has a twelve month low of $9.86 and a twelve month high of $10.09. The company has a fifty day moving average price of $10.03.

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

About Evolution Global Acquisition

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.