Evolution Global Acquisition, a blank check company targeting the critical minerals sector, filed on Thursday with the SEC to raise up to $150 million in an initial public offering.
The company plans to raise $150 million by offering 15 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50.
Evolution Global Acquisition is led by CEO and Chairman Stephen Silver, the founder and Managing Director of Australian corporate advisory firm Evolution Capital. The SPAC plans to target companies that own, operate, or are developing assets in the critical minerals sector that are fundamental to the economic and national security interests of the US.
The Farmers Branch, TX-based company was founded in 2025 and plans to list on the Nasdaq under the symbol EVOXU. Cohen & Company Securities is the sole bookrunner on the deal.
