secwatch.observer — SEC 8-K summary
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Issuer:     Evolv Technologies Holdings, Inc. (EVLV)
CIK:        0001805385
Form:       8-K
Filed at:   2024-11-21T23:59:59+00:00
Accession:  0001104659-24-121349
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 5.02, 8.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Evolv Tech internal investigation finds $4M–$6M premature revenue; CFO resigns, interim CFO appointed
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- Investigation found $4M–$6M net premature/incorrect revenue recognition through June 30, 2024; cash $56M, no debt.
- CFO Mark Donohue resigned effective Nov 21; Board appointed Dave Rawden (AlixPartners) as Interim CFO.
- Four other employees terminated or resigned from sales, accounting, and finance departments.
- Company expects additional material weaknesses in internal controls; SEC and DOJ investigations ongoing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805385/000110465924121349/0001104659-24-121349-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805385/000110465924121349/tm2429098d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-121349

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer