Evolution Global Acquisition Corp Announces the Separate Trading of its Class A Ordinary Shares and Warrants Commencing December 3, 2025

Rhea-AI Summary

Evolution Global Acquisition Corp (NASDAQ: EVOX) announced that beginning December 3, 2025 holders of units issued in its November 12, 2025 IPO may elect to separately trade the Class A ordinary shares and warrants on the Nasdaq Global Market.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant; each whole warrant permits purchase of one Class A ordinary share at an exercise price of $11.50. Separated shares and warrants will trade under EVOX and EVOXW; unsplit units will continue under EVOXU. No fractional warrants will be issued. Shareholders must instruct brokers to contact Continental Stock Transfer & Trust Company, the transfer agent, to effect separation.

Key Figures

Unit separation date: December 3, 2025 IPO completion date: November 12, 2025 Unit composition: 1 Class A ordinary share + 1/2 redeemable warrant +3 more

6 metrics

Unit separation date December 3, 2025 Start of separate trading of shares and warrants on Nasdaq

IPO completion date November 12, 2025 Initial public offering completion referenced for units

Unit composition 1 Class A ordinary share + 1/2 redeemable warrant Structure of units sold in the IPO

Warrant exercise price $11.50 per share Exercise price for each whole redeemable warrant

Par value $0.0001 per share Par value of each Class A ordinary share

Ticker symbols EVOX, EVOXW, EVOXU Nasdaq symbols for shares, warrants, and units

Market Reality Check

Price: $9.99 Vol: Volume 40,221 vs 20-day a...

low vol

$9.99 Last Close

Volume Volume 40,221 vs 20-day average 274,635 (relative volume 0.15) before unit separation date. low

Technical Price 9.89 is trading below the 200-day moving average of 9.89.

Market Pulse Summary

This announcement details the start of separate trading for Evolution Global Acquisition Corp’s Clas...

Analysis

This announcement details the start of separate trading for Evolution Global Acquisition Corp’s Class A ordinary shares and warrants on December 3, 2025, following its IPO completed on November 12, 2025. Each unit contains one share and a half redeemable warrant exercisable at $11.50. Investors may track liquidity shifts between EVOX, EVOXW, and EVOXU, and monitor how warrant trading develops relative to the underlying shares and the SPAC’s ongoing acquisition strategy.

Key Terms

redeemable warrant, underwritten offering, transfer agent, book-running manager

4 terms

redeemable warrant financial

"and one-half of one redeemable warrant, each whole warrant entitling the holder"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

underwritten offering financial

"The units were initially offered by the Company in an underwritten offering."

An underwritten offering is when a bank or group of banks agrees to buy all of a company's new shares or bonds and then resell them to outside investors, guaranteeing the company will raise a specific amount of money. It matters to investors because it adds certainty that the funding will close while increasing the number of shares or debt in the market, which can lower the price per share and change each existing owner's ownership percentage—think of a wholesaler buying an entire shipment from a maker before it reaches stores.

transfer agent financial

"contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate"

A transfer agent is a financial service that keeps the official record of who owns a company's shares, handles the buying and selling of those shares on paper or electronically, and issues or cancels stock certificates. Think of it as the company’s records keeper and mailroom combined—investors rely on it to make sure dividends, shareholder mailings, ownership changes, and proxy voting are processed accurately and securely, which protects ownership rights and helps prevent errors or fraud.

book-running manager financial

"Cohen & Company Capital Markets ... acted as lead book-running manager and Clear Street LLC"

A book-running manager is the lead organizer responsible for coordinating a large financial sale, such as issuing new stocks or bonds. They oversee preparing all necessary documents, setting the sale’s price, and finding buyers, much like a concert promoter arranging a major event. Their role matters to investors because they help ensure the offering is successfully sold at the best possible terms.

AI-generated analysis. Not financial advice.

NEW YORK, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Evolution Global Acquisition Corp (the “Company”), a special purpose acquisition company formed as a Cayman Islands exempted company, today announced that commencing December 3, 2025, holders of the units sold in the Company’s initial public offering completed on November 12, 2025, may elect to separately trade the Class A ordinary shares of the Company and the warrants included in such units on the Nasdaq Global Market tier of  The Nasdaq Stock Market LLC (“Nasdaq”). Each unit consists of one Class A ordinary share of the Company, $0.0001 par value per share,  and one-half of one redeemable warrant, each whole warrant entitling the holder to purchase one Class A ordinary share upon exercise, at a price of $11.50 per share.

The Class A ordinary shares and warrants that are separated will trade on Nasdaq under the symbols “EVOX” and “EVOXW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Those units not separated will continue to trade on Nasdaq under the symbol “EVOXU.” Holders of units will need to have their brokers contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into Class A ordinary shares and warrants.

The units were initially offered by the Company in an underwritten offering. Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC acted as lead book-running manager and Clear Street LLC acted as co-manager of the offering.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Evolution Global Acquisition Corp
Evolution Global Acquisition Corp is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses in any industry, sector or geographic location, with a focus on 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 United States.

Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering and the Company’s search for and/or completion of an initial business combination. No assurance can be given that the offering will be completed on the terms described, or at all, or that the Company will complete an initial business combination. Forward-looking statements are subject to numerous risks, conditions and other uncertainties, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s prospectus for the Company’s offering filed with the U.S. Securities and Exchange Commission (the “SEC”), declared effective on July 14, 2025. Copies of these documents are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts
Ashley Zumwalt-Forbes
Evolution Global Acquisition Corp
azf@evo-spac.com

FAQ

When will EVOX Class A shares and warrants begin separate trading on Nasdaq?

Separate trading begins on December 3, 2025.

What symbols will Evolution Global's split securities trade under after December 3, 2025?

Separated Class A shares will trade as EVOX, warrants as EVOXW, and unsplit units will remain EVOXU.

What is the warrant exercise price for EVOX warrants after separation?

Each whole warrant entitles the holder to purchase one Class A share at $11.50.

How do unit holders separate EVOX units into shares and warrants?

Holders must have their brokers contact Continental Stock Transfer & Trust Company, the company's transfer agent, to separate the units.

Will fractional EVOX warrants be issued upon separation of units?

No. Fractional warrants will not be issued; only whole warrants will trade.

Which offering created the EVOX units eligible for separation?

The units were sold in the company's underwritten IPO completed on November 12, 2025.