Healthcare of Ontario Pension Plan Trust Fund Invests $3.99 Million in Evolution Global Acquisition Corp $EVOX

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Evolution Global Acquisition Corp (NASDAQ:EVOX) during the first quarter, HoldingsChannel.com reports. The fund purchased 400,000 shares of the company’s stock, valued at approximately $3,992,000.

A number of other hedge funds have also recently modified their holdings of the company. DLD Asset Management LP bought a new stake in Evolution Global Acquisition in the first quarter valued at $996,000. Bulldog Investors LLP bought a new position in Evolution Global Acquisition in the 1st quarter worth $1,026,000. Lineage Point Capital LP bought a new position in Evolution Global Acquisition in the 4th quarter worth $7,797,000. Virtu Financial LLC purchased a new stake in shares of Evolution Global Acquisition in the 4th quarter worth about $1,197,000. Finally, Toronto Dominion Bank purchased a new stake in shares of Evolution Global Acquisition in the 4th quarter worth about $38,000.

Evolution Global Acquisition Trading Up 0.0%

Shares of EVOX opened at $10.06 on Friday. The company’s fifty day simple moving average is $10.04. Evolution Global Acquisition Corp has a 12 month low of $9.86 and a 12 month high of $10.09.

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

Analyst Ratings Changes

Separately, Weiss Ratings raised Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average 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.