Evo Acquisition Corp. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Termination of a Material Definitive Agreement, Other Events, Financial Statements and Exhibits
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Item 1.01. Entry into a Material Definitive Agreement.
As previously disclosed, Evo Acquisition Corp., a Delaware corporation (“Evo”), entered into a Business Combination Agreement (the “Business Combination Agreement”), dated as of October 18, 2022, with 20Cube Logistics Solutions Pte. Ltd. (UEN: 202227172M), a Singapore exempt private company limited by shares (“Pubco”), Hollis Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Pubco (“Merger Sub”), 20Cube Logistics Pte. Ltd., a Singapore private company limited by shares (the “Company”), and certain holders of the Company’s outstanding shares (the “Signing Sellers”).
On April 25, 2023, pursuant to Section 10.1(a) of the Business Combination Agreement, Evo, Pubco, Merger Sub, the Company and the Signing Sellers entered into a Termination and Release Agreement (the “Termination Agreement”) to terminate the Business Combination Agreement and the transactions contemplated thereby (together, the “Termination”). The Termination Agreement also terminates and makes void the Ancillary Documents (as defined in the Business Combination Agreement). Additionally, the Termination Agreement provides for a mutual release of claims among the parties and their affiliates.
As a result of the Termination, the Business Combination Agreement is of no further force and effect, with the exception of specified provisions in Section 10.2 of the Business Combination Agreement and the confidentiality provisions of the Ancillary Documents, each of which shall survive the termination of the Business Combination Agreement and remain in full force and effect in accordance with their respective terms.
The foregoing descriptions of the Business Combination Agreement, the Termination Agreement and the Ancillary Documents do not purport to be complete and are qualified in their entirety by the terms and conditions of, respectively, (i) the Business Combination Agreement, a copy of which was previously filed as Exhibit 2.1 to Evo’s Current Report on Form 8-K filed with the Securities and Exchange Commission (“SEC”) on October 24, 2022, (ii) the Termination Agreement, a copy of which is filed with this Current Report on Form 8-K as Exhibit 10.1, and the terms of which are incorporated by reference herein and (iii) the Ancillary Documents, copies of which were previously included as Exhibits 10.1, 10.2 and 10.3 to Evo’s Current Report on Form 8-K filed with the SEC on October 24, 2022.
Item 1.02. Termination of Material Definitive Agreement.
The information set forth in Item 1.01 above is hereby incorporated by reference into this Item 1.02.
Item 8.01. Other Events.
On April 26, 2023, Evo issued a press release announcing the termination of the Business Combination Agreement. A copy of the press release is attached as Exhibit 99.1 hereto and is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
The following exhibits are being filed herewith:
| Exhibit No. | Description | |
| 10.1 | Termination and Release Agreement, dated April 25, 2023, among Evo Acquisition Corp, 20Cube Logistics Solutions Pte. Ltd., Hollis Merger Sub, Inc., 20Cube Logistics Pte. Ltd. and certain holders of outstanding shares of 20Cube Logistics Pte. Ltd. | |
| 99.1 | Press Release, dated April 26, 2023. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| EVO ACQUISITION CORP. | |||
| By: | /s/ Richard Chisholm | ||
| Name: | Richard Chisholm | ||
| Title: | Chief Executive Officer | ||
Date: April 26, 2023
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