Investor Notice: Robbins LLP Informs Stockholders of the Class Action Lawsuit Filed Against Evolv Technologies Holdings, Inc.

Core Viewpoint - A class action lawsuit has been filed against Evolv Technologies Holdings, Inc. due to allegations of misleading investors regarding revenue recognition and material misstatements in financial statements [1][2]. Group 1: Allegations and Financial Impact - Evolv Technologies announced on October 25, 2024, that its financial statements from Q2 2022 to Q2 2024 should not be relied upon due to material misstatements affecting revenue recognition [2]. - The company disclosed that certain sales, particularly to a major channel partner, involved undisclosed extra-contractual terms and conditions, leading to misconduct by some personnel [2]. - Following this announcement, Evolv's stock price plummeted approximately 40%, dropping from $4.10 per share on October 24, 2024, to $2.47 per share on October 25, 2024 [2]. Group 2: Class Action Participation - Shareholders who wish to serve as lead plaintiffs in the class action must submit their applications by December 31, 2024 [3]. - Participation in the case is not required to be eligible for recovery; shareholders can remain absent class members if they choose [3]. Group 3: Legal Representation - Robbins LLP operates on a contingency fee basis, meaning shareholders incur no fees or expenses unless the case is won [4]. - Robbins LLP is recognized for its commitment to shareholder rights litigation and has recovered over $1 billion for shareholders since its inception [5].