{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-23-035145","form_type":"8-K","ticker":"EVLV","cik":"0001805385","company_name":"Evolv Technologies Holdings, Inc.","filed_at":"2023-10-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.544455+00:00","generated_at":"2026-06-09T11:26:34.126885+00:00","sec_items":["4.02"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Evolv Technologies restates Q2 2023 financials on treasury bill classification error","bullets":["Restatement reclassifies $29.6M from cash equivalents to marketable securities as of June 30, 2023.","Net cash used in investing activities revised from $34.7M to $64.1M for six months ended June 30, 2023.","Error attributed to previously disclosed material weaknesses in internal control over financial reporting.","No impact on total current assets, total assets, equity, or income statement totals.","Company to file amended 10-Q for Q2 2023; will also correct fair value note disclosure."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-23-035145","json":"https://secwatch.observer/filing/0001628280-23-035145.json","markdown":"https://secwatch.observer/filing/0001628280-23-035145.md","text":"https://secwatch.observer/filing/0001628280-23-035145.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1805385/000162828023035145/0001628280-23-035145-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1805385/000162828023035145/nhic-20231023.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T11:26:34.126885+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":"1a5d013af507fa9f329ca45a62c30d09b00f6628","claim":"Evolv Technologies Holdings, Inc. reported that prior financial statements should not be relied upon.","evidence_excerpt":"As a result of the errors, the Audit Committee determined that the Company's consolidated financial statements included in the 2023 Q2 10-Q should no longer be relied upon. Similarly, any previously furnished or filed reports, related earnings releases, investor presentations or similar communications of the Company describing those financial statements and other information covering those periods should no longer be relied upon. During the three months ended June 30, 2023, as part of its overall cash management strategy, the Company purchased zero coupon U.S. treasury bills with staggered maturities of between two months and six months. The Company classified all outstanding treasury bills as cash equivalents on its condensed consolidated balance sheet as of June 30, 2023. However, the treasury bills with maturities exceeding three months did not meet the definition of cash equivalents","evidence_source":"SEC 8-K Item 4.01/4.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1805385/000162828023035145/0001628280-23-035145-index.htm","confidence":0.9,"family_label":"Auditor Changes","details":[{"label":"Action","value":"non reliance"}],"fact_type":"auditor_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}