Evolv Technologies Holdings, Inc. Warrant

Mittelman Wealth Management initiated a new $11.41 million position in Evolv Technologies, representing 7.47% of its reportable assets, signaling potential interest in the AI-based security screening company with promising growth metrics.

Evolv Technologies Holdings is under investigation for potential financial reporting misconduct, with allegations of material misstatements in revenue recognition and internal control weaknesses, leading to a 40% stock price decline.

Evolv Technologies Holdings, Inc. (EVLV) is facing a securities fraud lawsuit due to alleged misstatements related to revenue recognition and other revenue metrics. The company announced that certain sales were subject to undisclosed extra-contractual terms and that some personnel engaged in misconduct.