300,000 Shares in Evolution Global Acquisition Corp $EVOX Purchased by Context Capital Management LLC

Context Capital Management LLC purchased 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 purchased 300,000 shares of the company’s stock, valued at approximately $2,961,000. Context Capital Management LLC owned 1.07% of Evolution Global Acquisition as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Glazer Capital LLC acquired a new position in Evolution Global Acquisition during the fourth quarter worth $9,014,000. First Trust Capital Management L.P. bought a new stake in shares of Evolution Global Acquisition in the 4th quarter worth about $4,540,000. Periscope Capital Inc. acquired a new stake in shares of Evolution Global Acquisition during the 4th quarter worth about $4,338,000. Hudson Bay Capital Management LP bought a new position in Evolution Global Acquisition during the 4th quarter valued at about $2,961,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Evolution Global Acquisition during the 4th quarter valued at about $2,923,000.

Analyst Ratings Changes

Several brokerages have weighed in on EVOX. Wall Street Zen raised shares of Evolution Global Acquisition to a “sell” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded shares of Evolution Global Acquisition from a “sell (e)” rating to a “sell (e+)” rating in a research note on Tuesday. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has a consensus rating of “Sell”.

Evolution Global Acquisition Stock Down 0.1%

EVOX opened at $10.01 on Friday. Evolution Global Acquisition Corp has a 1-year low of $9.86 and a 1-year high of $10.09. The company has a 50-day moving average of $10.00.

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

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.