SCHEDULE: Linden Entities Disclose 5% Stake in Evolution Global Acquisition

Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong have jointly disclosed beneficial ownership of up to 5.0% of Evolution Global Acquisition Corp's Class A ordinary shares.

Summary

• Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Siu Min Wong (collectively, the "Reporting Persons") have filed a Schedule 13G regarding their beneficial ownership in Evolution Global Acquisition Corp.
• As of December 22, 2025, Linden Advisors LP and Siu Min Wong beneficially own 1,201,000 Class A ordinary shares, representing approximately 5.0% of the class outstanding.
• This ownership includes 1,153,733 shares held by Linden Capital L.P. and 47,267 shares held by separately managed accounts.
• Linden Capital L.P. and Linden GP LLC beneficially own 1,153,733 Class A ordinary shares, representing approximately 4.8% of the class outstanding.
• All Reporting Persons have shared voting and dispositive power over the shares they beneficially own.
• The shares were not acquired for the purpose of changing or influencing the control of Evolution Global Acquisition Corp.

Sentiment

Score: 6

Explanation: The disclosure of a significant beneficial ownership stake by established investment entities suggests confidence in the issuer, though the filing itself is purely informational and not indicative of operational performance or specific strategic moves.

Positives

• The disclosure of a significant beneficial ownership stake by established investment entities like Linden Capital and Linden Advisors can signal institutional confidence in Evolution Global Acquisition Corp.

Future Outlook

The filing does not provide any forward-looking statements or guidance from Evolution Global Acquisition Corp or the Reporting Persons, beyond the certification that the shares were not acquired for the purpose of changing or influencing control of the issuer.

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11." (Saul Ahn, Authorized Signatory for Linden Capital L.P., Linden GP LLC, Linden Advisors LP, and Attorney-in-Fact for Siu Min Wong)

Industry Context

This is a routine disclosure for institutional investors crossing a 5% beneficial ownership threshold in a publicly traded company, often a Special Purpose Acquisition Company (SPAC) given the 'Acquisition Corp' designation. Such filings indicate passive investment interest rather than an intent to influence management or control.

Related Party Transactions

• Linden GP LLC is the general partner of Linden Capital L.P.
• Linden Advisors LP is the investment manager of Linden Capital L.P. and serves as trading or investment advisor for separately managed accounts.
• Siu Min Wong is the principal owner and controlling person of both Linden Advisors LP and Linden GP LLC.

Stakeholder Impact

• Shareholders may view the accumulation of a significant stake by institutional investors as a positive signal, potentially indicating increased liquidity or validation of the company's prospects.

Key Dates

Recommendation

The filing indicates significant institutional interest in Evolution Global Acquisition Corp, with Linden Advisors and Siu Min Wong holding a 5.0% stake. While this signals confidence, the Schedule 13G does not provide operational or financial performance data to warrant a stronger recommendation. Investors should monitor future developments and the company's strategic direction.

Keywords

Evolution Global Acquisition Corp, Linden Capital L.P., Linden GP LLC, Linden Advisors LP, Siu Min Wong, Schedule 13G, beneficial ownership, Class A ordinary shares, institutional investment