Evo Acquisition Intrinsic Value Calculator – Evo Acquisition and 20Cube Logistics End Merger Following Nasdaq Delisting Notice

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Evo Acquisition ($NASDAQ:EVOJ) Corp. is a blank check company (SPAC) that focuses on mergers and acquisitions.

However, this agreement has been terminated following a delisting notice sent by Nasdaq to Evo Acquisition Corp. The notice stated that the company was not in compliance with the continued listing requirements of Nasdaq and would be delisted. In response, Evo Acquisition Corp. and 20Cube Logistics have mutually decided to terminate their merger agreement. The two companies had reportedly planned to combine their operations in order to create a leading supply chain services provider that would be better positioned to serve customers in Europe, the Middle East, India, Asia Pacific and the United States. While the merger has been terminated, the two companies may still pursue other opportunities for collaboration.

Share Price

The $10.0 stock opened at the same price and closed at the same amount, down only 0.1% from its last closing price. The Nasdaq delisting notice, which had been issued the previous Tuesday, placed EVO ACQUISITION at risk of being delisted from Nasdaq. This posed a challenge in that the merger between 20Cube Logistics and EVO ACQUISITION would not have been able to achieve its pre-merger goals. As a result, the companies decided that it was best to part ways and pursue independent paths. The two companies had planned to combine their respective capabilities and strengths to create new opportunities for growth.

Unfortunately, due to the Nasdaq delisting notice, they were unable to move forward with their plans. Although the merger between EVO ACQUISITION and 20Cube Logistics did not come to fruition, the companies remain hopeful that they will be able to create similar opportunities in the future. With the Nasdaq delisting notice hovering overhead, they are now looking for other ways to move forward independently. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Evo Acquisition. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Evo Acquisition. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Evo Acquisition. More…

Key Ratios Snapshot

Some of the financial key ratios for Evo Acquisition are shown below. More…

Analysis – Evo Acquisition Intrinsic Value Calculator

At GoodWhale, we have conducted an analysis of EVO ACQUISITION‘s financials. Our proprietary Valuation Line technology was used to determine the intrinsic value of the firm’s shares to be approximately $7.6. Currently, the stock is trading at $10.0, representing an overvaluation of 31.2%. More…

Peers

The competition between Evo Acquisition Corp and its competitors, Arisz Acquisition Corp, Edify Acquisition Corp, and Keyarch Acquisition Corp, is fierce. Each of these companies has been vying for the best deals and pushing for the most innovative strategies in order to gain the advantage. As the competitive landscape continues to develop, the stakes are high for each of these companies. It will be interesting to watch how this competition plays out over the coming months.

– Arisz Acquisition Corp ($NASDAQ:ARIZ)

Arisz Acquisition Corp is a publicly traded special purpose acquisition company (SPAC) headquartered in New York City. The company, which was formed in 2021, focuses on identifying and pursuing merger, capital stock exchange and asset acquisition opportunities with private companies. As of 2023, the company has a market cap of 90.13M, making it one of the larger SPACs currently trading on the public markets. With nearly $300 million in cash on its balance sheet, Arisz Acquisition Corp has the ability to pursue deals of significant size. The company has yet to announce any deals and is actively looking to invest in companies across various industries.

– Edify Acquisition Corp ($NASDAQ:EAC)

Edify Acquisition Corp is a publicly-traded special purpose acquisition company (SPAC) that was formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. The company has a market capitalization of $347.42 million as of 2023, making it one of the largest SPACs in the industry. Additionally, its Return on Equity (ROE) is -1.0%, which indicates that the company’s profits have not outpaced its equity growth. This suggests that Edify Acquisition Corp has not been able to maximize its earnings potential.

– Keyarch Acquisition Corp ($NASDAQ:KYCH)

Keyarch Acquisition Corp is a publicly traded special purpose acquisition company (SPAC). They specialize in merging with early-stage private companies to help them gain access to public markets. Keyarch Acquisition Corp has a market capitalization of 153.54M as of 2023 and a Return on Equity of 2.0%. The company’s market capitalization reflects the value of its shares in the market, while its ROE indicates how efficient it is at generating profits from its equity. Keyarch Acquisition Corp is a strong financial performer and has positioned itself to capitalize on opportunities in the early-stage private company merger and acquisition space.

Summary

Evo Acquisition Corp., a special purpose acquisition company (SPAC), has ended its merger agreement with 20Cube Logistics, a Singapore-based supply chain company. This news follows the Nasdaq’s delisting notice that was issued to Evo Acquisition Corp. Investors should exercise caution when considering investing in SPACs, as there have been recent events of delisting and termination of mergers. SPACs are typically high-risk investments with the potential for high returns; however, they can also be volatile and subject to regulatory scrutiny. Therefore, investors should perform thorough due diligence, evaluate the risks and rewards, and consider all available alternative investments before deciding whether to invest in a SPAC.