Evolution Global Acquisition Corp Class A Ordinary Shares

EVOX: 10-Q · periodic report

Evolution Global Acquisition Corp, a pre-deal SPAC, filed its 10-Q for Q2 2026 reporting net income of $1,935,195, driven by $2,153,796 of interest earned on its $245,481,456 trust account, partially offset by $218,601 of operating costs. The company has not announced a business combination target and generates no operating revenue. The IPO in November 2025 raised $240,000,000 gross (24,000,000 units at $10.00), with $240 million placed in trust invested in U.S. Treasuries. Cash outside the trust declined to $842,432 from $1,120,561 at year-end 2025, and the company has until November 12, 2027 (24 months from IPO) to complete a deal, with up to $1.5 million of sponsor working-capital loans available if needed. The filing also disclosed governance changes: COO and director Ashley Zumwalt-Forbes resigned effective May 5, 2026, and Michael Bloom was appointed independent director the next day. Management concluded disclosure controls were effective, risk factors were unchanged from the 10-K, and no additional funding is expected to be needed to operate through the near term.

SEC 10-Q•2mo ago

EVOX: 10-Q · periodic report

Evolution Global Acquisition Corp, a blank check company, reported a net income of $1,951,845 for the three months ended March 31, 2026. This net income was primarily driven by interest earned on investments held in the Trust Account, which amounted to $2,120,916, partially offset by general and administrative costs of $169,071. As of March 31, 2026, the company had $1,010,726 in cash and cash equivalents and $243,327,660 in investments held in the Trust Account. The company has not commenced any operations and does not expect to generate operating revenues until after the completion of a Business Combination. The company has 24,000,000 Class A ordinary shares subject to possible redemption, with a redemption value of $10.14 per share. The company also has 8,000,000 Class B ordinary shares issued and outstanding. The company's management has broad discretion over the use of proceeds from the Initial Public Offering, which generated gross proceeds of $240,000,000. The proceeds are intended to be used for the completion of a Business Combination, with the remaining funds to be used as working capital to finance the operations of the target business or businesses.

SEC 10-Q•5mo ago