20Cube Logistics to go public via a SPAC merger with Evo Acquisition in a $338m deal.

20Cube Logistics, a company that provides freight management and integrated logistics solutions that deliver cargo by sea and air, agreed to go public via a SPAC merger with Evo Acquisition, 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, in a $338m deal. “20Cube has built a strong foundation with some of the world's most discerning customers. We were most impressed that they achieved profitability and margins on par with the best logistics companies on the planet and did so with limited scale and limited capital,” Richard Chisholm, Evo Chief Executive Officer.