Radcliffe Capital Management L.P. Makes New Investment in Evolution Global Acquisition Corp $EVOX

Radcliffe Capital Management L.P. bought a new position in Evolution Global Acquisition Corp (NASDAQ:EVOX) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 720,988 shares of the company’s stock, valued at approximately $7,116,000. Evolution Global Acquisition comprises about 0.4% of Radcliffe Capital Management L.P.’s holdings, making the stock its 24th largest position. Radcliffe Capital Management L.P. owned about 2.57% of Evolution Global Acquisition at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Glazer Capital LLC purchased a new position in Evolution Global Acquisition in the fourth quarter worth about $9,014,000. Verition Fund Management LLC purchased a new stake in Evolution Global Acquisition during the fourth quarter valued at approximately $7,156,000. First Trust Capital Management L.P. purchased a new stake in Evolution Global Acquisition during the fourth quarter valued at approximately $4,540,000. Periscope Capital Inc. bought a new stake in shares of Evolution Global Acquisition in the 4th quarter valued at approximately $4,338,000. Finally, Clear Street Group Inc. bought a new stake in shares of Evolution Global Acquisition in the 4th quarter valued at approximately $3,938,000.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EVOX. Wall Street Zen raised Evolution Global Acquisition to a “sell” rating in a research report on Saturday, March 14th. Weiss Ratings raised shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Evolution Global Acquisition presently has an average rating of “Sell”.

Evolution Global Acquisition Price Performance

Shares of EVOX stock opened at $10.03 on Wednesday. The business’s 50 day simple moving average is $10.00. 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 released its earnings results on Tuesday, May 12th. The company reported $0.06 earnings per share for the quarter.

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.