Evo Acquisition Corp - FORM 8-K - EX-99.1 - PRESS RELEASE, DATED FEBRUARY 8, 2021 - February 12, 2021

Attached files

file filename
EX-99.2 - PRESS RELEASE - Evo Acquisition Corpea135261ex99-2_evoacq.htm
EX-10.5 - PRIVATE PLACEMENT WARRANTS PURCHASE AGREEMENT, DATED FEBRUARY 8, 2021, BY AND BE - Evo Acquisition Corpea135261ex10-5_evoacq.htm
EX-10.4 - ADMINISTRATIVE SUPPORT AGREEMENT, DATED FEBRUARY 8, 2021, BY AND BETWEEN THE COM - Evo Acquisition Corpea135261ex10-4_evoacq.htm
EX-10.3 - REGISTRATION RIGHTS AGREEMENT, DATED FEBRUARY 8, 2021, BY AND BETWEEN THE COMPAN - Evo Acquisition Corpea135261ex10-3_evoacq.htm
EX-10.2 - INVESTMENT MANAGEMENT TRUST AGREEMENT, DATED FEBRUARY 8, 2021, BY AND BETWEEN TH - Evo Acquisition Corpea135261ex10-2_evoacq.htm
EX-10.1 - LETTER AGREEMENT, DATED FEBRUARY 8, 2021, BY AND AMONG THE COMPANY, ITS OFFICERS - Evo Acquisition Corpea135261ex10-1_evoacq.htm
EX-4.1 - WARRANT AGREEMENT, DATED FEBRUARY 8, 2021, BY AND BETWEEN THE COMPANY AND CONTIN - Evo Acquisition Corpea135261ex4-1_evoacq.htm
EX-3.1 - AMENDED AND RESTATED CERTIFICATE OF INCORPORATION - Evo Acquisition Corpea135261ex3-1_evoacq.htm
EX-1.1 - UNDERWRITING AGREEMENT, DATED FEBRUARY 8, 2021 BY AND AMONG THE COMPANY, B. RILE - Evo Acquisition Corpea135261ex1-1_evoacq.htm
8-K - CURRENT REPORT - Evo Acquisition Corpea135261-8k_evoacquisition.htm

Exhibit 99.1

 

Evo Acquisition Corp. Announces Closing of Upsized $125,005,000 Initial Public Offering Including Full Exercise of the Over-Allotment Option

 

Crystal Bay, Nevada, Feb. 08, 2021 (GLOBE NEWSWIRE) — Evo Acquisition Corp. (the “Company”) (NASDAQ: EVOJU), announced the closing of its upsized initial public offering of 12,500,500 units, at $10.00 per unit, including 1,630,500 units pursuant to the full exercise of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $125,005,000.

 

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 initial business combination target in any business or industry, 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. 

 

The Company’s units began trading on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “EVOJU” on February 9, 2021. Each unit issued in the offering consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant, each whole warrant entitling the holder thereof to purchase one share of Class A common stock at an exercise price of $11.50 per share. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. After the securities comprising the units begin separate trading, the shares of Class A common stock and warrants are expected to be listed on NASDAQ under the symbols “EVOJ” and “EVOJW,” respectively.

 

B. Riley Securities, Inc. and SMBC Nikko Securities America, Inc. acted as book-running managers of the offering.

 

Of the proceeds received from the consummation of the initial public offering and a simultaneous private placement of warrants, $125,005,000 (or $10.00 per unit sold in the public offering) was placed in the Company’s trust account. An audited balance sheet as of February 11, 2021, reflecting receipt of the proceeds upon consummation of the initial public offering and the private placement will be included as an exhibit to a Current Report on Form 8-K to be filed by the Company with the Securities and Exchange Commission (“SEC”).

 

The offering was made only by means of a prospectus. Copies of the prospectus relating to the offering, may be obtained from B. Riley Securities, Inc. at 1300 17th Street N., Suite 1400, Attn: Syndicate Prospectus Department, Arlington, Virginia 22209, by telephone at (800) 846-5050 or by email at prospectuses@brileyfin.com; and from SMBC Nikko by email at prospectus@smbcnikko-si.com.                                                         

 

Registration statements relating to these securities have been filed with the Securities and Exchange Commission (“SEC”), and was declared effective by the SEC on February 8, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

FORWARD-LOOKING STATEMENTS

 

This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. 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 and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. 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