Periscope Capital Inc. Invests $4.34 Million in Evolution Global Acquisition Corp $EVOX

Periscope Capital Inc. purchased a new position in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 439,500 shares of the company’s stock, valued at approximately $4,338,000. Periscope Capital Inc. owned 1.57% of Evolution Global Acquisition as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC purchased a new stake in Evolution Global Acquisition during the fourth quarter worth about $250,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Evolution Global Acquisition in the fourth quarter valued at about $2,923,000. Finally, ABC Arbitrage SA purchased a new stake in shares of Evolution Global Acquisition in the fourth quarter valued at about $197,000.

Evolution Global Acquisition Stock Up 0.0%

NASDAQ:EVOX opened at $10.02 on Friday. Evolution Global Acquisition Corp has a 1-year low of $9.86 and a 1-year high of $10.09. The firm has a 50 day moving average price of $9.99.

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

Wall Street Analyst Weigh In

EVOX has been the topic of several recent research reports. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a report on Saturday, March 14th. Weiss Ratings initiated coverage on shares of Evolution Global Acquisition in a report on Tuesday. They issued a “sell (e)” rating on the stock. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

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.