Aristeia Capital L.L.C. Invests $4.94 Million in Evolution Global Acquisition Corp $EVOX

Aristeia Capital L.L.C. purchased a new stake in shares of Evolution Global Acquisition Corp (NASDAQ:EVOX) during the 4th quarter, Holdings Channel.com reports. The fund purchased 500,000 shares of the company’s stock, valued at approximately $4,935,000.

Several other hedge funds also recently added to or reduced their stakes in the company. ABC Arbitrage SA purchased 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 Evolution Global Acquisition during the fourth quarter valued at approximately $250,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Evolution Global Acquisition during the 4th quarter valued at approximately $2,923,000. Periscope Capital Inc. acquired a new position in Evolution Global Acquisition during the 4th quarter valued at approximately $4,338,000. Finally, Picton Mahoney Asset Management acquired a new position in Evolution Global Acquisition during the 4th quarter valued at approximately $2,468,000.

Evolution Global Acquisition Stock Down 0.2%

Evolution Global Acquisition stock opened at $10.01 on Thursday. Evolution Global Acquisition Corp has a 12-month low of $9.86 and a 12-month high of $10.09. The stock’s 50-day moving average price is $10.01.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a report on Saturday, March 14th. One 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 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.