---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-010402"
form_type: "8-K"
ticker: "EVLV"
cik: "0001805385"
company_name: "Evolv Technologies Holdings, Inc."
filed_at: "2023-04-03T23:59:59+00:00"
generated_at: "2026-06-17T07:12:05.247934+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Evolv repays $29.3M SVB loan, triggers default; Delaware court validates charter amendment

## Summary
- Repaid $29.3M principal, $0.2M interest, and 1% prepayment fee on 2022 SVB Credit Agreement; agreement terminated.
- Transfer of cash out of First Citizens triggered an event of default; First Citizens did not accelerate obligations.
- Company holds substantially all cash outside First Citizens; deposits exceeded FDIC insurance limit prior to transfer.
- Delaware Court of Chancery validated charter amendment increasing Class A shares from 45M to 1.1B and eliminating Class B.
- Court validated 142,260,102 shares of Class A common stock issued in connection with the merger, effective retroactively to July 16, 2021.

## SEC filing metadata
- accession: 0001628280-23-010402
- form_type: 8-K
- ticker: EVLV
- cik: 0001805385
- company_name: Evolv Technologies Holdings, Inc.
- filed_at: 2023-04-03T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.02, 2.04, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1805385/000162828023010402/0001628280-23-010402-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1805385/000162828023010402/nhic-20230328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-010402
- JSON: https://secwatch.observer/filing/0001628280-23-010402.json
- Plain text: https://secwatch.observer/filing/0001628280-23-010402.txt

## Key facts
- Material Agreements
  Evolv Technologies Holdings, Inc. terminated 2022 SVB Credit Agreement with Silicon Valley Bank valued at $29.3 million (effective 2023-03-31).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: Silicon Valley Bank
  - Value: $29.3 million
  - Effective: 2023-03-31
  source text: On March 31, 2023, prior to any acceleration of the obligations under the 2022 SVB Credit Agreement, the Company paid in full all of its outstanding obligations, including all principal, interest and prepayment fees due under the 2022 SVB Credit Agreement, and the 2022 SVB Credit Agreement was thereby terminated.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1805385/000162828023010402/0001628280-23-010402-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.