Evo Acquisition closed its upsized IPO of 12.5 million units at $10 per unit, including 1.63 million units pursuant to the full exercise of the underwriters’ over-allotment option.
The SPAC intends to focus its search on companies in the technology and financial sectors, including companies with a nexus to Japan.
Units trade on the Nasdaq under EVOJU. Each consists of one share of Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase a share of Class A common stock at $11.50 per share. After the securities comprising the units begin separate trading, shares and warrants will list under EVOJ and EVOJW, respectively. Read more.
