{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-128865","form_type":"8-K","ticker":"EVLV","cik":"0001805385","company_name":"Evolv Technologies Holdings, Inc.","filed_at":"2022-12-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.214850+00:00","generated_at":"2026-06-21T00:59:29.647994+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"positive","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Evolv Technology closes $75M non-dilutive debt facility with Silicon Valley Bank","bullets":["Initial $30M term loan drawn at close; up to $20M additional (or $25M with conditions) within 18 months.","Interest rate: greater of WSJ Prime + 1% or 7.25% p.a.; loans mature 36 months from each advance.","Proceeds to finance hardware for subscription contracts, enabling capital-free SaaS model.","Secured by substantially all assets except IP; liquidity covenant of 2.00:1 tested monthly.","Company says facility strengthens balance sheet and supports rapidly growing subscription business."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-128865","json":"https://secwatch.observer/filing/0001104659-22-128865.json","markdown":"https://secwatch.observer/filing/0001104659-22-128865.md","text":"https://secwatch.observer/filing/0001104659-22-128865.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805385/000110465922128865/0001104659-22-128865-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805385/000110465922128865/tm2232630d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T00:59:29.647994+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"52aea299e4734ee196ac2dc191387f8dc1d07f73","claim":"Evolv Technologies Holdings, Inc. incurred term loan of $30 million with Silicon Valley Bank at the greater of (a) the WSJ Prime Rate plus 1.0% or (b) 7.25% per annum maturing 36-month anniversary of the extension thereof.","evidence_excerpt":"The SVB Credit Agreement provides for, on the Closing Date, an initial term loan advance in an original principal amount equal to $30 million, with the opportunity to obtain, within 18 months after the Closing Date, additional term loan advances, subject to satisfaction of certain conditions, in an aggregate principal amount equal to $20 million (subject to an increase of $25 million, upon satisfaction of certain conditions and approval from SVB), in each case, in order to finance hardware shipped to customer locations (collectively, the “ Term Loans ”). Each advance of Term Loans will mature on the 36-month anniversary of the extension thereof.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805385/000110465922128865/0001104659-22-128865-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$30 million"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Rate","value":"the greater of (a) the WSJ Prime Rate plus 1.0% or (b) 7.25% per annum"},{"label":"Maturity","value":"36-month anniversary of the extension thereof"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"dbc8a3673abae0caeecd25b43b7e3c46407a67fb","claim":"Evolv Technologies Holdings, Inc. entered into SVB Credit Agreement with Silicon Valley Bank valued at $30 million initial term loan advance, with opportunity for up to $20 million additional term loans (effective 2022-12-21).","evidence_excerpt":"On December 21, 2022 (the “ Closing Date ”), Evolv Technologies Holdings, Inc. (the “ Company ”) entered into a Loan and Security Agreement (the “ SVB Credit Agreement ”) by and among the Company, Evolv Technologies, Inc., a wholly-owned subsidiary of the Company, and Silicon Valley Bank, a California corporation (“ SVB ”), as the lender.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805385/000110465922128865/0001104659-22-128865-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Silicon Valley Bank"},{"label":"Value","value":"$30 million initial term loan advance, with opportunity for up to $20 million additional term loans"},{"label":"Effective","value":"2022-12-21"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}