Aristeia Capital L.L.C. Makes New Investment in Evolution Global Acquisition Corp $EVOX

Aristeia Capital L.L.C. bought a new position in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 500,000 shares of the company’s stock, valued at approximately $4,935,000. Aristeia Capital L.L.C. owned approximately 1.79% of Evolution Global Acquisition at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EVOX. Adage Capital Partners GP L.L.C. bought a new position in Evolution Global Acquisition in the fourth quarter valued at $18,654,000. Glazer Capital LLC bought a new position in Evolution Global Acquisition in the fourth quarter valued at $9,014,000. Verition Fund Management LLC bought a new position in Evolution Global Acquisition in the fourth quarter valued at $7,156,000. Radcliffe Capital Management L.P. bought a new position in Evolution Global Acquisition in the fourth quarter valued at $7,116,000. Finally, AQR Arbitrage LLC bought a new position in Evolution Global Acquisition in the fourth quarter valued at $5,577,000.

Evolution Global Acquisition Stock Down 0.2%

Shares of EVOX opened at $10.01 on Thursday. Evolution Global Acquisition Corp has a twelve month low of $9.86 and a twelve month high of $10.09. The firm’s 50 day moving average price is $10.01.

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

Analysts Set New Price Targets

EVOX has been the subject of several analyst reports. Wall Street Zen upgraded shares of Evolution Global Acquisition to a “sell” rating in a research report 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, the stock presently 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.