Company: EVLVW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001628280-25-026845
Chunk: 187

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 1
Chunk 187
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 Measurements

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):Fair Value Measurements at March 31, 2025Level 1Level 2Level 3TotalAssets:Money market funds$11,305 $— $— $11,305 Treasury bills— 14,923 — 14,923 $11,305 $14,923 $— $26,228 Liabilities:Contingent earn-out liability$— $— $3,833 $3,833 Contingently issuable common stock liability— — 2,348 2,348 Public Warrant liability2,576 — — 2,576 $2,576 $— $6,181 $8,757 

F-13

Table of ContentsEVOLV TECHNOLOGIES HOLDINGS, INC.NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited)

Fair Value Measurements at December 31, 2024Level 1Level 2Level 3TotalAssets:Money market funds$28,946 $— $— $28,946 Treasury bills— 27,417 — 27,417 $28,946 $27,417 $— $56,363 Liabilities:Contingent earn-out liability$— $— $12,809 $12,809 Contingently issuable common stock liability— — 4,001 4,001 Public Warrant liability4,297 — — 4,297 $4,297 $— $16,810 $21,107 Money market funds are included in cash and cash equivalents on the condensed consolidated balance sheets. As of March 31, 2025, U.S. treasury bills with maturities less than 3 months, which totaled $5.0 million, are included in cash and cash equivalents, while treasury bills with maturities greater than 3 months, which totaled $9.9 million, are reflected as marketable securities. As of December 31, 2024, U.S. treasury bills with maturities less than 3 months, which totaled $12.5 million, are included