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EVOLV ALERT: Bragar Eagel & Squire, P.C. is Investigating Evolv Technologies Holdings, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

1. Evolv faces a class action for fiduciary duty breaches. 2. Material misstatements in financial reports were revealed. 3. Stock price plummeted 40% following the announcement. 4. Additional weaknesses in financial control expected. 5. Investors encouraged to contact law firm for options.

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FAQ

Why Very Bearish?

The revelation of material misstatements triggers regulatory scrutiny and investor distrust, reminiscent of past significant stock declines in similar scenarios such as in Enron’s case, impacting investor confidence and stock value.

How important is it?

The ongoing investigation and lawsuit over financial misreporting directly affect investor sentiments and stock valuations, raising concerns about Oversight and transparency in the company.

Why Short Term?

The immediate fallout from legal claims could lead to heightened volatility and further price drops, particularly as more information is expected to emerge regarding the company’s financial mismanagement.

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Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Evolv (EVLV) To Contact Him Directly To Discuss Their Options If you are a long-term stockholder in Evolv between August 19, 2022 and October 30, 2024 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. NEW YORK, Oct. 20, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) on behalf of long-term stockholders following a class action complaint that was filed against Evolv on November 1, 2024 with a Class Period from August 19, 2022 to October 30, 2024. Our investigation concerns whether the board of directors of Evolv have breached their fiduciary duties to the company. Details: The Complaint alleges that on October 25, 2024, the Company announced that its financial statements issued between the second quarter of 2022 and the second quarter of 2024 should not be relied upon due to material misstatements impacting revenue recognition and other previously reported metrics that are a function of revenue. The Company revealed that “certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms and conditions” not shared with the Company's accounting personnel “and that certain Company personnel engaged in misconduct in connection with those transactions.” The Company also announced that it “expects to report one or more additional material weaknesses in internal control over financial reporting,” was delaying filing its upcoming quarterly report for the third quarter of 2024, and that it has “self-reported these issues” to the Division of Enforcement of the SEC. On this news, the price of the Company stock declined roughly 40%, from $4.10 per share on October 24, 2024, to $2.47 per share on October 25, 2024. Next Steps: If you are a long-term stockholder of Evolv, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Marion Passmore by email at investigations@bespc.com, by telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you. About Bragar Eagel & Squire, P.C.: Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes. Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X. Contact Information: Bragar Eagel & Squire, P.C.Brandon Walker, Esq.Marion Passmore, Esq.(212) 355-4648investigations@bespc.comwww.bespc.com

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