Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 191

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 1
Chunk 191
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,714 — 29,714 Contingently returnable common stock asset— — 3,239 3,239 $9,017 $29,714 $3,239 $41,970 Liabilities:Contingent earn-out liability$— $— $10,512 $10,512 Contingently issuable common stock liability— — 3,638 3,638 Public Warrant liability10,457 — — 10,457 $10,457 $— $14,150 $24,607 

F-12

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 September 30, 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 $24.7 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 in cash and cash equivalents, while treasury bills with maturities greater than 3 months, which totaled $14.9 million, are reflected as marketable securities. The fair value of the treasury bills, which are classified as Level 2 securities, is calculated by a third-party pricing service and is based on estimates obtained from various