Evolv Technologies Holdings, Inc. Class Action Lawsuit - EVLV

According to the filed complaint, defendants made false and/or misleading statements and/or failed to disclose that: Company’s financial statements prepared for the periods between Q2 2022 through Q2 2024 contained material misstatements relating to improper revenue recognition and other reported metrics that are a function of revenue. In truth, Evolv’s 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, distorting the Company’s reported revenue and other metrics that are a function of revenue during the Class Period. What’s more, far from the Company’s touted “growing momentum” and “continued traction” with channel partners, the Company’s personnel was engaged in misconduct concerning sales to one of the Company’s largest channel partners.

In order to be eligible to join the EVLV class action lawsuit, you must have incurred a loss on shares of Evolv Technologies Holdings, Inc. purchased during the class period listed above.

If you suffered a loss in Evolv Technologies Holdings, Inc. during the relevant time frame or pursuant to the relevant offering(s), you have until December 31, 2024 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.