Foley Represents 20Cube Logistics in Business Combination Agreement with Evo Acquisition Corp.

19 October 2022 News

Foley & Lardner LLP represented 20Cube Logistics, a software-enabled international supply chain orchestrator, in a business combination agreement that will enable 20Cube to go public in a transaction with Evo Acquisition Corp.

Following the consummation of the proposed transactions, the resulting combined company, to be known as 20Cube Logistics Solutions Ltd. (“Pubco”), will be led by Mahesh Niruttan, Founder and Chief Executive Officer of 20Cube. Pubco’s ordinary shares are expected to be listed on the Nasdaq Capital Market under the symbol “TCUB.”

20Cube is a software-enabled international supply chain orchestrator from purchase order to point of delivery with a technology-driven, proven proprietary system and key presence at over 60 locations in Asia, Australia, and East Africa. 20Cube has over 600 employees.

Evo is 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.

The Foley team was led by Partners Louis Lehot, Brandee Diamond, Paul Broude, Kevin Shuler, and Carrie Long and included Partner Raj Tanden, Special Counsel Marina Choundas, Senior Counsel Eric Chow, and Associates Saige Gallop, Ashley Lee, Britton Alexander, and Cayman Weimer.

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