EVLV INVESTIGATION: Evolv Technologies Investors with Losses are Notified to Contact BFA Law about Ongoing Securities Fraud Investigation into Earnings Delay (Nasdaq: EVLV)

Core Viewpoint - Evolv Technologies Holdings, Inc. is under investigation for potential violations of federal securities laws following a significant drop in its stock price due to an internal investigation revealing material misstatements in revenue recognition dating back to 2022 [1][2]. Group 1: Company Financials - On October 25, 2024, Evolv Technologies announced a delay in filing its quarterly financial report due to the internal investigation [1]. - The investigation revealed that certain financial statements from 2022 to mid-2024 should not be relied upon, as undisclosed terms in sales to channel partners affected reported revenue [1]. Group 2: Stock Performance - The announcement led to a drastic decline in Evolv's stock price, which fell by more than 40% during trading on October 25, 2024 [2]. Group 3: Legal Implications - Bleichmar Fonti & Auld LLP is encouraging investors in Evolv Technologies to seek additional information regarding potential legal options [2].