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Stock impact report

Evolv Technology Announces the Results of Its Internal Investigation

Evolv Technologies Holdings, Inc. - Class A (EVLV) 
Last evolv technologies holdings, inc. - class a earnings: 3/27 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.evine.com
Company Research Source: Business Wire
Reaffirms Revenue Recognition Impact of $4 to $6 millionEnding Cash Position of Approximately $56 Million as of September 30, 2024, Consistent with Internal ForecastsAnnounces Remedial Actions and Organizational Changes, Including the Resignation of the Company’s Chief Financial OfficerHires Leading Business Advisory Firm, AlixPartners, to Provide Interim Finance and Accounting Resources WALTHAM, Mass.--(BUSINESS WIRE)--Evolv Technology (“Evolv” or the “Company”) (NASDAQ: EVLV), a leading security technology company pioneering AI-based solutions designed to create safer experiences, today announced the results of the internal investigation previously disclosed on October 25, 2024, into certain sales practices that impacted revenue recognition and other metrics.Results of the Internal InvestigationThe investigation is being conducted by an ad hoc committee of independent directors (the “Ad Hoc Committee”) of the Board of Directors (the “Board”) and with the assistance of Debevoise & Show less Read more
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