Evolution Global Acquisition Corp's (NASDAQ:EVOX) Lock-Up Period Will End on May 11th
Insiders and major shareholders of Evolution Global Acquisition will be eligible to sell shares following the expiration of the company's lock-up period on May 11
Evolution Global Acquisition Corp (NASDAQ:EVOX) is scheduled to see its lock-up period expire on Monday, May 11. This specific timeframe was established following the company's initial public offering, which took place several months prior. Upon the conclusion of this lock-up period, major shareholders and various company insiders will be permitted to sell their shares of the company on the public market.[1][2]
During the initial public offering on November 11, Evolution Global Acquisition issued a total of 21,000,000 shares. The offering was brought to market with an initial share price of $10.00, resulting in a total offering size of $210,000,000. The company's securities are listed on the NASDAQ exchange, where they are identified by the ticker symbols EVOX and EVOXU.[1][2]
The expiration of the lock-up period on May 11 marks a transition for the 21,000,000 shares that were part of the $210,000,000 offering. Because the lock-up period is ending, those who were previously restricted from trading—specifically major shareholders and company insiders—will now have the opportunity to sell their holdings. This follows the initial pricing of the stock at $10.00 per share during its November debut.[1][2]
