Investors Target Evolv Technologies in Securities Law Investigation

Schall Law Firm’s Inquiry Launched Amid Accounting Concerns

The Schall Law Firm, known for advocating shareholder rights, has begun investigating claims related to Evolv Technologies Holdings, Inc. (“Evolv” or “the Company”) EVLV. This investigation is centered around potential violations of securities laws.

The firm’s inquiry is focused on whether Evolv made false or misleading statements and if it failed to disclose important information to its investors. On October 25, 2024, Evolv submitted an 8-K report to the SEC, revealing significant delays in filing its Quarterly Report on Form 10-Q for the period ending September 30, 2024. The delay is attributed to an internal investigation into the Company’s sales practices. Questions arise over whether some sales of products and subscriptions included conditions that could affect revenue reporting. Additionally, the Company acknowledged inaccuracies in its accounting for certain sales transactions, indicating that revenue may have been recognized incorrectly between the second quarter of 2022 and the second quarter of 2024.

Shareholders who have experienced losses due to this situation are encouraged to participate in the investigation.

For more information, Brian Schall from the Schall Law Firm can be contacted at 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, by phone at 310-301-3335, or via the firm’s website at www.schallfirm.com. Interested parties can also reach out through email at [email protected] to discuss their rights at no cost.

The Schall Law Firm has a global presence and exclusively focuses on securities class action lawsuits and shareholder rights litigation.

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