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Evo Acquisition Priced, Nasdaq: EVOJU

Blank check company formed by Evolution Capital Management targeting the tech and financial sectors.

Industry: SPAC

Latest Trade: $9.95 +0.02 (+0.2%)

First Day Return: +3.0%

Return from IPO: -0.7%

Industry: SPAC

We are a newly organized blank check company. While we may pursue an initial business combination target in any stage of its corporate evolution or in any industry or sector, we intend to focus our search on companies in the technology and financial sectors with an enterprise value of approximately $250 million to $750 million, although we may find a deal below or above that range, including firms with a nexus to Japan. Our management team has had significant success sourcing, acquiring, growing and monetizing these types of companies. We believe this experience makes us well suited to identify, source, negotiate and execute an initial business combination with the ultimate goal of pursuing attractive risk-adjusted returns for our shareholders. Our team is led by Michael L. Lerch (our Chairman) and Richard Chisholm (our Chief Executive Officer), who have worked together for over 15 years and hold, respectively, the Chief Investment Officer and Chief Executive Officer positions at Evolution Capital Management LLC (“ECM”), a US based investment manager that is a member of the Evolution Financial Group (“Evolution”). We intend to draw upon Evolution’s infrastructure, personnel, network, and relationships of the management team and of Evolution. We believe our management team is well positioned to identify and evaluate businesses in the technology and financial sectors that would benefit from being a public company and from access to our expertise.
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IPO News for Evo Acquisition
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IPO Data
IPO File Date 01/20/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.9
Deal Size ($mm) $109
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 02/08/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.9
Deal Size ($mm) $109
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
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Company Data
Headquarters Crystal Bay, NV
Founded 2020
Employees 3
Website evocm.com/about