Evo Acquisition Corp. (NasdaqCM:EVOJ.U) announced a private placement of 3,750,000 warrants at an issue price of $1 per warrant for the gross proceeds of $3,750,000 on January 20, 2021. The company provided the option to issue 4,050,000 warrants if the over-allotment option is exercised in full for $4,050,000 each exercisable to purchase one share of class A common stock at a price of $11.50 per share, in a private placement that will close simultaneously with the closing of this offering. None of the warrants will be redeemable by the company so long as they are held by the sponsor or its permitted transferees. The private placement warrants will be non-redeemable and exercisable on a cashless basis so long as they are held by the sponsor or its permitted transferees. If the private placement warrants are held by holders other than the sponsor or its permitted transferees, the private placement warrants will be redeemable by company and exercisable by the holders on the same basis as the warrants included in the units being sold in this offering. The private placement warrants will not be transferable, assignable or salable until 30 days after the completion of our initial business combination.