Evolv: FTC/SEC Investigation Could Provide An Attractive Entry Point

Oleh_Slobodeniuk Introduction Evolv Technologies (NASDAQ:EVLV) is an overhyped SPAC that merged in 2021 valuing the offering at around $1.7bn. The company is backed by Bill Gate's VC firm "Gates Frontier" who remains the largest shareholder with a 12$530m running at ARR of $89m ($100m in revenue expected by year end), however the business is yet to be profitable. So what does Evolv do? Evolv provides physical security screens integrated with "AI" software (this could ...