Press release
Investigation announced for Investors in shares of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) over possible Violations of Securities Laws
An investigation for investors in Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) shares over potential securities laws violation
Investors who purchased shares of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm focuses on whether a series of statements by Evolv Technologies Holdings, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
Waltham, MA based Evolv Technologies Holdings, Inc. provides artificial intelligence (AI)-based weapons detection for security screening in the United States and internationally.
Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) reported that its annual Total Revenue rose from $55.19 million in 2022 to $80.41 million in 2023, and that its Net Loss increased from $86.4 million in 2022 to $106.25 million in 2022.
On February 19, 2024, Evolv Technologies Holdings, Inc disclosed that the SEC was initiating an investigation into the company described as a confidential "non-public, fact finding inquiry."
Shares of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) declined from $8.05 per share on August 15, 2023, to as low as $4.17 per share on February 23, 2024.
Those who purchased shares of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV) have certain options and should contact the Shareholders Foundation.
Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com
About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.
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