The BFA Act urges investors in Evolv Technologies Holdings to contact the company regarding its investigation of securities fraud and accounting errors

NEW YORK, NY / ACCESSWIRE / October 25, 2024 / Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) for possible violations of the federal securities laws.

If you have invested in Evolv Technologies, we recommend you visit for more information https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc.

Why did Evolv Technologies stock fall?

On October 25, 2024, Evolv announced a delay in the filing of its upcoming quarterly financial report due to an internal investigation revealing material misstatements in 2022 revenue recognition. Evolv also disclosed that certain financial statements from 2022 through mid-2024 should not be relied upon because sales to distributors, including one of Evolv’s largest distributors, included undisclosed terms that impacted reported revenue.

The news caused Evolv’s share price to fall sharply. During trading on October 25, 2024, Evolv stock price fell more than 40%.

Click here for more information: https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc.

What can you do?

If you have invested in Evolv Technologies, you may have legal options and may be required to provide your information to the company.

All representations are made on a contingency fee basis and there are no costs to you. The shareholders are not responsible for any court costs or litigation costs. The Company will seek court approval for any fees and costs.

Submit your information by visiting:

https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc

Or contact:

Ross Shikowitz
[email protected]
212-789-3619

Why Bleichmar Fonti & Auld LLP?

Bleichmar Fonti & Auld LLP is a leading international law firm representing plaintiffs in securities class actions and shareholder lawsuits. It was named one of the top five plaintiff law firms by ISS SCAS in 2023 and its attorneys were named Titans of the Plaintiffs’ Bar by Law360 and SuperLawyers by Thompson Reuters. Recent notable successes include BFA being valued at over $900 million by the board of Tesla, Inc. (pending court approval) and $420 million by Teva Pharmaceutical Ind. Ltd. has requested back.

For more information about BFA and its attorneys, visit https://www.bfalaw.com.

https://www.bfalaw.com/cases-investigations/evolv-technologies-holdings-inc

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SOURCE: Bleichmar Fonti & Auld LLP