296,200 Shares in Evolution Global Acquisition Corp $EVOX Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Evolution Global Acquisition Corp (NASDAQ:EVOX) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 296,200 shares of the company’s stock, valued at approximately $2,923,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 1.06% of Evolution Global Acquisition at the end of the most recent quarter.

Separately, ABC Arbitrage SA acquired a new position in Evolution Global Acquisition in the 4th quarter worth $197,000.

Evolution Global Acquisition Trading Up 0.1%

Shares of NASDAQ:EVOX opened at $10.03 on Friday. The business’s 50-day simple moving average is $10.00. Evolution Global Acquisition Corp has a one year low of $9.86 and a one year high of $10.09.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EVOX. Weiss Ratings began coverage on shares of Evolution Global Acquisition in a research note on Tuesday, May 26th. They issued a “sell (e)” rating for the company. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a research note on Saturday, March 14th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock 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.