- Business
- Evolution Global Acquisition Corp is a blank check company, or special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a focus on companies in the critical minerals sector that are fundamental to the economic and national security interests of the United States. The company targets opportunities involving the exploration, processing, production, domestic refining and recycling of minerals essential to national defense, clean energy independence, technological leadership and enabling technologies; it aims to support reshoring of mineral supply chains, electrification of legacy industries, reindustrialization of the United States, grid expansion, digital infrastructure and reduction of foreign reliance on mineral supply chains. Incorporated in 2025 as a Cayman Islands exempted company, Evolution Global Acquisition Corp is headquartered at 2727 LBJ Freeway, Suite 1010, Farmers Branch, Texas 75234, United States, and operates primarily in the financial services sector with a materials industry focus targeting businesses in the US and Canada. In November 2025, the company completed an upsized initial public offering of 24 million units at $10.00 per unit, raising $240 million in gross proceeds (including the full exercise of the underwriters' over-allotment option), with units listed on Nasdaq under EVOXU and underwritten by Cohen & Company Capital Markets as lead book-runner and Clear Street. On December 1, 2025, it announced the separate trading of its Class A ordinary shares (EVOX) and warrants (EVOXW, exercisable at $11.50 per share) commencing December 3, 2025, for holders of its IPO units; as of December 2025, the company remains in pre-deal status with no merger target identified or announced.