Evolution Global Acquisition, a blank check company targeting the critical minerals sector, raised $210 million by offering 21 million units at $10.00. The company offered 3.5 million more units than anticipated. Each unit consists of one share of common stock and one-half of one 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.
Evolution Global Acquisition plans to list on the Nasdaq under the symbol EVOXU. Cohen & Company Securities acted as sole bookrunner on the deal.
