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Evolution Global Acquisition CorpEVOX

Class A EVOXUnits EVOXUWarrants EVOXWCIK 0002077954

Cash in trust

$245M

$245,481,456

Trust per share

$10.23

Redemption value

IPO

Nov 2025

$240M raised

Combination deadline

—

Not disclosed

Filings on record

35

Latest Aug 14, 2026

Overview

Evolution Global Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002077954. It completed its initial public offering in Nov 2025, raising $240M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker EVOX, units under EVOXU, warrants under EVOXW on Nasdaq. The vehicle is sponsored by Evolution through Evolution Sponsor Holdings LLC. The mandate targets aerospace & defense. IPO closed, trust funded, no definitive agreement announced.

“we intend to focus our search 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.”
The mandate, as stated in the IPO prospectus
Aerospace & DefenseNorth America

Reading the filings

Arithmetic on what Evolution Global Acquisition Corp has disclosed, written the way a desk would read it. These are observations, not a rating. Nothing here scores the vehicle or implies a view on it.

  • Trading at a discount to trust

    At $10.12 the shares change hands 1.08% below the $10.23 they can be redeemed for. A holder buying here is paid that spread to carry deadline and redemption risk until the vote, and the trust keeps accreting underneath it.

  • Trust versus the $10 unit

    The trust holds $10.23 per public share, 2.3% above the $10.00 the units were sold at. That spread is accrued interest on the trust and, where the charter provides for it, sponsor contributions paid in to buy more time. It is the floor a public shareholder can redeem at, not a valuation of the business.

  • Warrant coverage

    Each unit carried one-half warrant per unit. Warrants are dilution deferred: they cost the holder nothing until exercised, and they overhang the post-combination share count. Thinner coverage is generally a sign of a stronger book at pricing.

  • Sponsor record

    Evolution has launched 4 vehicles, none of which has resolved yet, so there is no completion record to read.

  • Underwriting

    Clear Street led the offering. It has been named on 43 SPAC IPOs, book-running 34 of them, and 100% of its resolved vehicles closed a deal. The syndicate has no control over whether a sponsor finds a target, but the quality of the book at pricing shapes who ends up holding the units.

How busy it has been

Filings per month since the first one. A vehicle that has gone quiet with a deadline ahead is a different proposition from one that is still working.

14702025-072026-08

35 filings in all. 2 in the last three months, against a busiest month of 14.

Scores

Recomputed 22m ago

Three readings of Evolution Global Acquisition Corp, each an unweighted mean of the components shown beneath it, and each component a percentile against every live SPAC rather than an absolute we invented. They describe the setup, not the merit. How they are built

Edge

Elevated

How much does the structure protect a holder right now?

60/100

  • Discount to trust74

    1.08%

  • Trust accretion46

    $10.23 per share

Edge reads the setup, not the business. A vehicle can score well on protection and still be a poor place to leave money once a deal closes.

FOMO

Low

How much attention is this vehicle attracting right now?

16/100

  • Filing activity0

    0 in 30 days

  • News coverage21

    1 story in 30 days

  • Premium to trust26

    -1.08%

Attention is not quality. FOMO rises on news volume and on the market paying above trust, both of which have preceded plenty of disappointments.

Potential

Elevated

How likely is this vehicle to complete a combination, and at what scale?

58/100

  • Trust scale76

    $245M

  • Stage40

    searching

Potential is about execution, not about the target. It says nothing about whether the eventual deal is worth owning, because the target is usually unknown when the score is computed.

These are derived measures, not ratings of investment merit. They carry no view on the target, no price target and no recommendation, and a high score is not a reason to buy anything.

News on Evolution Global Acquisition Corp

Last 90 days

SEC filing history

Free tier: filings older than 24 hours
  • SCHEDULE 13G/A

    Amended beneficial ownership report (passive)

    Accession 0001193125-26-351232

    Aug 14, 2026

    2mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001213900-26-088424

    Aug 12, 2026

    2mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001213900-26-054783

    May 12, 2026

    5mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-26-052911

    May 6, 2026

    5mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Item 5.02 · Accession 0001213900-26-052907

    May 6, 2026

    5mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-26-027300

    Mar 13, 2026

    7mo ago

    View on EDGAR ↗
  • 10-K

    Annual report

    Accession 0001213900-26-023006

    Mar 3, 2026

    7mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0000902664-26-000892

    Feb 12, 2026

    8mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001193125-25-331182

    Dec 23, 2025

    9mo ago

    View on EDGAR ↗
  • 10-Q

    Quarterly report

    Accession 0001213900-25-122023

    Dec 16, 2025

    10mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-117444

    Dec 3, 2025

    10mo ago

    View on EDGAR ↗
  • 8-K

    Current report

    Item 5.02 · Accession 0001213900-25-117443

    Dec 3, 2025

    10mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-25-116697

    Dec 1, 2025

    10mo ago

    View on EDGAR ↗
  • SCHEDULE 13G

    Beneficial ownership report (passive)

    Accession 0001213900-25-114039

    Nov 24, 2025

    10mo ago

    View on EDGAR ↗
  • 8-K

    Other events

    Items 8.01, 9.01 · Accession 0001213900-25-112146

    Nov 18, 2025

    11mo ago

    View on EDGAR ↗
  • 8-K

    Entry into a material definitive agreement; Other events

    Items 1.01, 3.02, 5.03, 8.01, 9.01 · Accession 0001213900-25-109490

    Nov 13, 2025

    11mo ago

    View on EDGAR ↗
  • 3/A

    3/A filing

    Accession 0001213900-25-109419

    Nov 12, 2025

    11mo ago

    View on EDGAR ↗
  • 424B4

    Final IPO prospectus

    Accession 0001213900-25-108902

    Nov 12, 2025

    11mo ago

    View on EDGAR ↗
  • CERT

    Exchange listing certification

    Accession 0001354457-25-001116

    Nov 12, 2025

    11mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-108388

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-108386

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-108384

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-108383

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-108381

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • 3

    Initial statement of beneficial ownership

    Accession 0001213900-25-108380

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • S-1MEF

    Registration of additional IPO securities

    Accession 0001213900-25-108371

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • 8-A12B

    Registration of securities on an exchange

    Accession 0001213900-25-108206

    Nov 10, 2025

    11mo ago

    View on EDGAR ↗
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-25-101290

    Oct 22, 2025

    1y ago

    View on EDGAR ↗
  • CORRESP

    Correspondence with SEC staff

    Accession 0001213900-25-094213

    Oct 1, 2025

    1y ago

    View on EDGAR ↗
  • S-1/A

    Amended IPO registration statement

    Accession 0001213900-25-094207

    Oct 1, 2025

    1y ago

    View on EDGAR ↗

Pro

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  • Filings live, no 24-hour delay
  • One click through to the source document
  • Deadline calendar out to 12 months
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Evolution Global Acquisition Corp: questions answered

What is Evolution Global Acquisition Corp (EVOX)?

Evolution Global Acquisition Corp is a special purpose acquisition company incorporated in Cayman Islands and registered with the SEC under CIK 0002077954. It completed its initial public offering in Nov 2025, raising $240M in gross proceeds and listing on Nasdaq. Class A shares trade under the ticker EVOX, units under EVOXU, warrants under EVOXW on Nasdaq. The vehicle is sponsored by Evolution through Evolution Sponsor Holdings LLC. The mandate targets aerospace & defense. IPO closed, trust funded, no definitive agreement announced.

How much does Evolution Global Acquisition Corp hold in trust?

Approximately $245,481,456, or about $10.23 per public share, as at the most recent filing on record. Trust balances move: shareholders redeem at extension votes and at the combination vote, and sponsors pay contributions in to extend. Treat the figure as a point-in-time disclosure, not a running balance.

When must Evolution Global Acquisition Corp complete a merger?

No combination deadline appears in the filings we have indexed. The date is stated in the charter and repeated in each quarterly report; where our parser could not establish it with confidence we leave it blank rather than infer one.

What happens if Evolution Global Acquisition Corp does not find a target in time?

The charter requires the vehicle to redeem 100% of the public shares and return the trust, pro rata, to public shareholders. That is the mechanism working as designed rather than a default. Founder shares and warrants are worthless in that outcome, which is why the sponsor's incentive is to get a deal done or to buy more time. Across the market, deadline lapsed without a deal; trust returned to public shareholders.

Can I redeem shares in Evolution Global Acquisition Corp, and at what price?

Public shareholders may elect to redeem in connection with a combination vote and at each extension vote, at the pro-rata trust value on the relevant record date, most recently disclosed at about $10.23 per share. Redemption is a right attached to the public shares only; warrants and rights carry no claim on the trust. The mechanics and the deadline for electing are set out in the proxy statement for the vote in question.

What tickers does Evolution Global Acquisition Corp trade under?

Class A shares trade as EVOX on Nasdaq, the units as EVOXU, and the warrants as EVOXW. Units trade first and separate into their component securities roughly 52 days after the IPO; only the Class A shares carry the redemption right against the trust.

Is the trust value the same as the share price for Evolution Global Acquisition Corp?

No, and the gap between them is the whole trade. Trust per share is a disclosed, contractual figure of $10.23, being what a redeeming holder receives. The market price is whatever the shares change hands at: most recently $10.12, a discount of 1.08% to the redemption value. Quotes on this site are delayed and indicative; confirm on your own venue before trading.

How much dilution do Evolution Global Acquisition Corp's founder shares and warrants create?

Each unit also carried one-half warrant per unit, which is dilution deferred until exercise. Both are disclosed in the prospectus and both survive into the combined company, which is why a de-SPAC at $10 is not economically the same as an IPO at $10.

Who sponsors Evolution Global Acquisition Corp, and what is their track record?

Evolution Sponsor Holdings LLC is the sponsor entity, part of the Evolution franchise. That franchise has launched 4 vehicles in total, none of which has resolved yet. Named principals: Stephen Silver.

Which banks underwrote the Evolution Global Acquisition Corp IPO?

Clear Street, Cohen & Company. Clear Street and Cohen & Company were credited as book-running managers on the cover. Syndicate membership and role are read from the prospectus cover and the underwriting section.

Is Evolution Global Acquisition Corp tradeable, and where?

Yes. EVOX returned a live quote of $10.12 on Nasdaq. Quotes here are delayed and refreshed on a schedule rather than streamed, so treat the figure as indicative and confirm on your own venue. Units and warrants trade under their own symbols and are quoted separately.

Is Evolution Global Acquisition Corp a good investment?

That is not a question this site answers. Evolution Global Acquisition Corp is covered here as reference data: what the company filed, when it filed it, and what the numbers in those filings say. The Edge, FOMO and Potential scores on this page are derived measures with a published formula, not ratings of investment merit: they describe the setup, and every component is shown so you can take them apart. We publish no price targets and no recommendations, and nothing here should be read as advice. The figures are a starting point for your own work, and each one carries the accession number of the filing it came from.

Where does this Evolution Global Acquisition Corp data come from?

Filings Evolution Global Acquisition Corp submitted to the SEC under CIK 0002077954: the registration statement and final prospectus for the structure, quarterly and annual reports for the trust, current reports and proxy statements for deals, votes and extensions. Trust economics are taken from the registrant's own XBRL tags rather than parsed from prose, which is why they are exact. Every filing in the history above is listed with its accession number, which identifies the document uniquely on EDGAR; Pro accounts open it directly from the row.

Compiled by the SPACListing research desk

Last reconciled Oct 19, 2026

Every figure on this page is read from documents the registrants filed with the U.S. Securities and Exchange Commission, principally the IPO prospectus (Form 424B4), quarterly and annual reports, current reports and proxy statements, the registrant's own XBRL tags for trust economics. Nothing is sourced from press coverage, from the companies themselves, or from a third-party aggregator. Where a filing does not disclose something, the field is left blank rather than estimated.

Read the full methodology · What is in the dataset · Report a correction

SPACListing is a reference-data service, not an investment adviser. Nothing here is a recommendation to buy or sell any security.

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The context around this vehicle: who else the sponsor has launched, which banks priced it, and where it sits in the wider market.