Lineage Point Capital LP Takes $7.80 Million Position in Evolution Global Acquisition Corp $EVOX

Lineage Point Capital LP acquired a new position in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 790,000 shares of the company’s stock, valued at approximately $7,797,000. Evolution Global Acquisition comprises approximately 2.9% of Lineage Point Capital LP’s holdings, making the stock its 3rd largest holding.

A number of other large investors have also bought and sold shares of EVOX. ABC Arbitrage SA bought a new stake in Evolution Global Acquisition in the 4th quarter valued at about $197,000. Geode Capital Management LLC purchased a new stake in shares of Evolution Global Acquisition in 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 worth about $2,923,000. Periscope Capital Inc. bought a new position in shares of Evolution Global Acquisition in the fourth quarter valued at approximately $4,338,000. Finally, Picton Mahoney Asset Management bought a new position in shares of Evolution Global Acquisition in the fourth quarter valued at approximately $2,468,000.

Evolution Global Acquisition Price Performance

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

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

Analyst Ratings Changes

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

Evolution Global Acquisition 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.