Evo Acquisition Corp. (NASDAQ: EVOJU) announced the successful closing of its upsized IPO, issuing 12,500,500 units at $10.00 each, totaling gross proceeds of $125,005,000. The IPO included a full exercise of the underwriters’ over-allotment option. Each unit comprises one share of Class A common stock and a half warrant, with the whole warrant exercisable at $11.50. The offering began trading on February 9, 2021, and the proceeds will be placed in a trust account to facilitate a potential business combination, particularly targeting tech and financial sectors.
Evo Acquisition Corp. announced the pricing of its upsized initial public offering (IPO) of 10,870,000 units at $10.00 per unit, set to trade on Nasdaq under the symbol EVOJU starting February 9, 2021. Each unit includes one share of Class A common stock and a half redeemable warrant. The anticipated closing date for the offering is February 11, 2021, subject to customary conditions. The company, aimed at potential mergers in technology and financial sectors, has granted underwriters a 45-day option for an additional 1,630,500 units to cover over-allotments.