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Evo Acquisition Management

Management criteria checks 1/4

Key information

Richard Chisholm

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	2.5yrs
CEO ownership	n/a
Management average tenure	2.5yrs
Board average tenure	2.3yrs

Recent management updates

Recent updates

Seeking Alpha • Oct 18

20cube Logistics to go public via SPAC deal

Special purpose acquisition firm Evo Acquisition (NASDAQ:EVOJ) said it would acquire 20Cube Logistics, a Singapore-based software-enabled international supply chain orchestrator. The company will be led by Mahesh Niruttan, Founder and Chief Executive Officer of 20Cube and will be called 20Cube Logistics Solutions (Pubco). It is expected to be listed on the Nasdaq Capital Market under the ticker symbol "TCUB." 20Cube Logistics has presence at over 60 locations in Asia, Australia and East Africa. This transaction will provide working capital and acquisition funding to enable it to further accelerate growth. 20Cube’s revenue grew at 74% in 2022, with revenue of $163M. The combined company will have an initial enterprise value of about $338M and is expected to have up to $135M in net cash proceeds immediately after closing.

CEO

Richard Chisholm (52 yo)

2.5yrs

Tenure

Mr. Richard George Chisholm is Chief Executive Officer and Director at Evo Acquisition Corp. since November 20, 2020. Mr. Chisholm serves as the Chief Executive Officer and Partner at Evolution Capital Man...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Richard Chisholm	CEO & Director	2.5yrs	no data	no data
Adrian Brindle	Chief Financial Officer	2.5yrs	no data	no data
Jason Sausto	Managing Director	1yr	no data	no data

2.5yrs

Average Tenure

52yo

Average Age

Experienced Management: EVOJ's management team is considered experienced (2.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Richard Chisholm	CEO & Director	2.5yrs	no data	no data
Robert Valentine	Independent Director	2.3yrs	no data	no data
Malcolm MacLean	Independent Director	2.3yrs	no data	0.39% $ 161.9k
Michael Lerch	Chairman of the Board	2.5yrs	no data	76.46% $ 31.6m
Shigeo Kashiwagi	Independent Director	2.3yrs	no data	no data
Takahiro Fushimi	Independent Director	2.3yrs	no data	no data
Kazuko Miyashita	Director	2.3yrs	no data	no data

2.3yrs

Average Tenure

53yo

Average Age

Experienced Board: EVOJ's board of directors are not considered experienced ( 2.3 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2023/05/08 07:36
End of Day Share Price	2023/05/08 00:00
Earnings	2022/12/31
Annual Earnings	2022/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Evo Acquisition Corp. is covered by 0 analysts. of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.