Skip to Content

Evolv Technologies Holdings, Inc.

Securities Class Action

  • Date:
  • 12/31/2024
  • Company Name:
  • Evolv Technologies Holdings, Inc.
  • Stock Symbol:
  • EVLV
  • Class Period:
  • FROM 8/19/2022 TO 10/30/2024
  • Status:
  • Filed
  • Filing Date:
  • 11/1/2024
  • Court:
  • U.S. District Court: Massachusetts

Case Finder

Locate any case using the tools below.

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) (NASDAQ: EVLV) in the United States District Court for the District of Massachusetts on behalf of all persons and entities who purchased or otherwise acquired Evolv securities between August 19, 2022 and October 30, 2024, both dates inclusive (the “Class Period”). Investors have until December 31, 2024 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The Complaint alleges that on October 25, 2024, the Company announced that its financial statements issued between the second quarter of 2022 and the second quarter of 2024 should not be relied upon due to material misstatements impacting revenue recognition and other previously reported metrics that are a function of revenue. The Company revealed that “certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms and conditions” not shared with the Company's accounting personnel “and that certain Company personnel engaged in misconduct in connection with those transactions.” The Company also announced that it “expects to report one or more additional material weaknesses in internal control over financial reporting,” was delaying filing its upcoming quarterly report for the third quarter of 2024, and that it has “self-reported these issues” to the Division of Enforcement of the SEC. On this news, the price of the Company stock declined roughly 40%, from $4.10 per share on October 24, 2024, to $2.47 per share on October 25, 2024.
 
If you purchased or otherwise acquired Evolv shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out the form below.  There is no cost or obligation to you.
The individual or institution below (“Plaintiff”) has reviewed and agrees to the Bragar Eagel & Squire, P.C. (“BESPC”) retainer agreement and authorizes BESPC to prosecute an action on Plaintiff’s behalf under the federal securities laws or applicable state laws to recover damages on behalf of investors in Evolv Technologies Holdings. BESPC will prosecute the action on a full contingency basis and will forward all costs and expenses.
 

Case Finder

Locate any case using the tools below.

You may share a link to this page on any of the sites listed below or send link via email: