Evo Acquisition registered with the SEC to offer 10 million units at $10 each to raise $100 million in an IPO.
The new SPAC will concentrate on companies in the technology and financial sectors with an enterprise value of $250 million to $750 million, including firms with a nexus to Japan.
Evo is led by Chairman Michael Lerch, who has over 25 years of investment experience, specializing in capital markets and structured finance, according to the filing. Lerch is the CIO of ECM, serves in a similar role with Evolution, and is a director of various private funds and investment vehicles managed by ECM.
The SPAC plans to list on the Nasdaq under EVOJU. Read more.
