Evo Acquisition Corp. Announces Intent to Liquidate
04 Mayo 2023 - 5:00AM
Evo Acquisition Corp. (“Evo”) (Nasdaq: EVOJ) announced,
announced today that it intends to liquidate as soon as practicable
on or after May 8, 2023 and to return funds to holders of its
shares of Class A common stock.
In view of the previously announced termination
of Evo’s Business Combination Agreement with 20Cube Logistics Pte.
Ltd. and certain other parties, the Board of Directors of Evo has
determined not to further extend the deadline date in which Evo is
required to consummate a business combination beyond the current
expiration date, May 8, 2023.
After satisfying its liabilities for expenses
and working capital loans, Evo expects to redeem all of its
outstanding shares of Class A common stock for an estimated
redemption price of approximately $10.12 per share (the
“Redemption Amount”) after the payment of taxes
and dissolution expenses. On or about the close of business on May
9, 2023, the Class A common stock will be deemed canceled and will
represent only the right to receive the Redemption Amount. The
Redemption Amount will be payable to the holders of Class A common
stock through the facilities of Continental Stock Transfer &
Trust Company, Evo’s transfer agent.
Evo expects that The Nasdaq Stock Market LLC
will file a Form 25 with the Securities and Exchange Commission to
delist its securities and to terminate the registration of Evo’s
securities pursuant to Section 12(b) of the Securities Exchange Act
of 1934, as amended. Evo thereafter expects to file a Form 15 to
terminate its reporting obligations.
Additional Information and Where to Find
It
Copies of the termination agreement filed by Evo
with the SEC may be obtained, once available, free of charge at the
SEC’s website at www.sec.gov.
Forward Looking Statements
Certain statements made in this press release
and the documents incorporated by reference herein are “forward
looking statements” within the meaning of the “safe harbor”
provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward-looking statements can be identified by
words such as: “target”, “believe”, “expect”, “will”, “shall”,
“may”, “anticipate”, “estimate”, “would”, “positioned”, “future”,
“forecast”, “intend”, “plan”, “project”, “outlook” and other
similar expressions that predict or indicate future events or
trends or that are not statements of historical matters. Examples
of forward-looking statements include, among others, statements
made in this press release regarding the proposed liquidating
distribution to be made by Evo.
Forward-looking statements are neither
historical facts nor assurances of future performance. Instead,
they are based only on Evo’s current beliefs, expectations and
assumptions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Actual results and outcomes may
differ materially from those indicated in the forward-looking
statements. Therefore, you should not rely on any of these
forward-looking statements.
Evo cautions readers not to place undue reliance
upon any forward-looking statements, which speak only as of the
date made. Evo does not undertake or accept any obligation or
undertaking to release publicly any updates or revisions to any
forward-looking statements to reflect any change in their
expectations or any change in events, conditions, or circumstances
on which any such statement is based, whether as a result of new
information, future events, or otherwise, except as may be required
by applicable law. Evo does give any assurance that it will achieve
its expectations.
Contacts
Richard ChisholmChief Executive OfficerEvo
Acquisition Corp.info@evospac.com | (775) 624-9360
Evo Acquisition (NASDAQ:EVOJ)
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