Evo Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants, Commencing April 1, 2021

Rhea-AI Summary

Evo Acquisition Corp. (NASDAQ: EVOJU) announced that starting April 1, 2021, unit holders from its initial public offering can separately trade shares of Class A common stock and warrants. The shares will trade under the symbols ‘EVOJ’ for common stock and ‘EVOJW’ for warrants. Units not separated will continue to trade under ‘EVOJU’. Holders must contact Continental Stock Transfer & Trust Company to separate these units. The Company is a blank check firm focusing on completing mergers or acquisitions, particularly in technology and finance sectors.

Crystal Bay, Nevada, March 29, 2021 (GLOBE NEWSWIRE) -- Evo Acquisition Corp. (NASDAQ: EVOJU) (the “Company”) announced that, commencing April 1, 2021, holders of the units sold in the Company’s initial public offering may elect to separately trade shares of the Company’s Class A common stock and warrants included in the units. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. The shares of Class A common stock and warrants that are separated will trade on the Nasdaq Capital Market under the symbols “EVOJ” and “EVOJW,” respectively. Those units not separated will continue to trade on the Nasdaq Capital Market under the symbol “EVOJU.” 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 shares of Class A common stock and warrants.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities of the Company, 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 Evo Acquisition Corp.

The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an acquisition in any business industry or sector, it intends to focus its search on companies in the technology and financial sectors, including companies with a nexus to Japan. The Company is led by its Chairman, Michael Lerch, its Chief Executive Officer, Richard Chisholm and its Chief Financial Officer, Adrian Brindle.

Forward-Looking Statements

This press release may include, and oral statements made from time to time by representatives of the Company may include, “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions, as they relate to the Company or its management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the Securities and Exchange Commission (“SEC”). All subsequent written or oral forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contact:

Richard Chisholm
Chief Executive Officer
Evo Acquisition Corp.
info@evospac.com | 775.624.9360

FAQ

What changes will occur for Evo Acquisition Corp. unit holders on April 1, 2021?

Starting April 1, 2021, Evo Acquisition Corp. unit holders can separately trade their Class A common stock and warrants under the respective symbols 'EVOJ' and 'EVOJW'.

What symbols will Evo's Class A common stock and warrants trade under?

Evo's Class A common stock will trade under the symbol 'EVOJ' and the warrants under 'EVOJW'.

How can unit holders separate their units in Evo Acquisition Corp.?

Holders of Evo units must contact Continental Stock Transfer & Trust Company to separate the units into shares of Class A common stock and warrants.

What is the primary purpose of Evo Acquisition Corp.?

Evo Acquisition Corp. is a blank check company aiming to effect a merger, capital stock exchange, asset acquisition, or similar business combination, primarily focusing on technology and financial sectors.

Will there be any fractional warrants after the separation of units?

No, there will be no fractional warrants issued upon the separation of the units; only whole warrants will trade.