Evolv Technologies (US:EVLV) Prnewswireยท2024-12-20 21:43Core Insights - Evolv Technologies Holdings Inc. is under investigation for potential claims related to material misstatements in its financial statements [1][3] - The company announced that its financial statements from Q2 2022 to Q2 2024 should not be relied upon due to issues affecting revenue recognition [3] - Evolv has self-reported these issues to the SEC and is delaying its Q3 2024 quarterly report [3] Company Overview - Evolv Technologies Holdings, Inc. specializes in security technology, utilizing AI-based screening to enhance safety [2] - The company has faced allegations of misconduct involving certain sales and extracontractual terms not disclosed to accounting personnel [3] Legal Context - Moore Law, PLLC is investigating claims against Evolv for shareholders who purchased shares before August 19, 2022 [1][4] - Potential remedies for affected shareholders include seeking damages, corporate reforms, and reimbursement at no cost [4][5]