{"id":754673,"date":"2023-05-04T06:04:57","date_gmt":"2023-05-04T10:04:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/evo-acquisition-corp-announces-intent-to-liquidate\/"},"modified":"2023-05-04T06:04:57","modified_gmt":"2023-05-04T10:04:57","slug":"evo-acquisition-corp-announces-intent-to-liquidate","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/evo-acquisition-corp-announces-intent-to-liquidate\/","title":{"rendered":"Evo Acquisition Corp. Announces Intent to Liquidate"},"content":{"rendered":"<div class=\"mw_release\">\n<p>Crystal Bay, Nevada, May  04, 2023  (GLOBE NEWSWIRE) &#8212; \u00a0Evo Acquisition Corp. (\u201cEvo\u201d) (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.<\/p>\n<p align=\"justify\">In view of the previously announced termination of Evo\u2019s 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.<\/p>\n<p align=\"justify\">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 \u201c<strong>Redemption Amount<\/strong>\u201d) 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 &amp; Trust Company, Evo\u2019s transfer agent.<\/p>\n<p align=\"justify\">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\u2019s 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.<\/p>\n<p align=\"justify\">\n        <strong>Additional Information and Where to Find It<\/strong>\n      <\/p>\n<p align=\"justify\">Copies of the termination agreement filed by Evo with the SEC may be obtained, once available, free of charge at the SEC\u2019s website at www.sec.gov.<\/p>\n<p align=\"justify\">\n        <strong>Forward Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">Certain statements made in this press release and the documents incorporated by reference herein are \u201cforward looking statements\u201d within the meaning of the \u201csafe harbor\u201d provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as: \u201ctarget\u201d, \u201cbelieve\u201d, \u201cexpect\u201d, \u201cwill\u201d, \u201cshall\u201d, \u201cmay\u201d, \u201canticipate\u201d, \u201cestimate\u201d, \u201cwould\u201d, \u201cpositioned\u201d, \u201cfuture\u201d, \u201cforecast\u201d, \u201cintend\u201d, \u201cplan\u201d, \u201cproject\u201d, \u201coutlook\u201d 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.<\/p>\n<p align=\"justify\">Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on Evo\u2019s 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.<\/p>\n<p align=\"justify\">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.<\/p>\n<p align=\"justify\">\n        <strong>Contacts<\/strong>\n      <\/p>\n<p align=\"justify\">Richard Chisholm<br \/>Chief Executive Officer<br \/>Evo Acquisition Corp.<br \/>info@evospac.com | (775) 624-9360\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgzMTg1NyM1NTc0ODI1IzUwMDA3NzY0Ng==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MmI4ZmI2YjQtYzhkNS00MGQ1LWEzMzAtZjAwZTFiMzM0NzUzLTUwMDA3NzY0Ng==\/tiny\/Evo-Acquisition-Corp-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crystal Bay, Nevada, May 04, 2023 (GLOBE NEWSWIRE) &#8212; \u00a0Evo Acquisition Corp. (\u201cEvo\u201d) (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\u2019s 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/evo-acquisition-corp-announces-intent-to-liquidate\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Evo Acquisition Corp. Announces Intent to Liquidate&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-754673","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Evo Acquisition Corp. Announces Intent to Liquidate - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/evo-acquisition-corp-announces-intent-to-liquidate\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Evo Acquisition Corp. Announces Intent to Liquidate - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Crystal Bay, Nevada, May 04, 2023 (GLOBE NEWSWIRE) &#8212; \u00a0Evo Acquisition Corp. (\u201cEvo\u201d) (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\u2019s 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 &hellip; Continue reading &quot;Evo Acquisition Corp. 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