Evolv Technology secures $75M credit facility with MidCap Financial; $30M drawn at close

Evolv Technologies Holdings, Inc.

$75M credit: $30M term loan drawn, $30M delayed draw, $15M revolver, 5-yr maturity.
Interest = SOFR + 5.25%; proceeds for general corporate & subscription model support.
Cash $37M as of Jun 30 (pre-close) vs $35M at Mar 31.
Covenants: min recurring revenue, EBITDA from yr 2; liquidity covenant after litigation/regulatory resolution.
Non-dilutive debt strengthens balance sheet, supports long-term subscription growth.

item 1.01item 9.01

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.