Company: EVLVW
Filing Date: 2025-11-13
Form Type: 10-Q
Source: 0001805385-25-000017
Chunk: 279

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-11-13
Form: 10-Q
Item: Part I, Item 8
Chunk 279
---
 outstanding - basic and diluted172,790,098 157,709,229 166,327,570 155,760,149 Net  loss per share attributable to common stockholders – basic and diluted$(0.01)$(0.19)$(0.26)$(0.25)The following potentially dilutive outstanding securities were excluded from the computation of diluted net loss income per share attributable to common stockholders because their effect would have been anti-dilutive or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of the period:Three Months EndedSeptember 30,Nine Months EndedSeptember 30,2025202420252024Options issued and outstanding9,500,489 20,963,754 9,500,48920,963,754 Public Warrants to purchase common stock14,324,893 14,324,893 14,324,893 14,324,893 Warrants to purchase common stock (Finback)— 117,423 — 117,423 Unvested restricted stock units11,018,494 15,473,291 11,018,494 15,473,291 Unvested market-based stock units*1,670,143 — 1,670,143 — Earn-out shares*15,000,000 15,000,000 15,000,000 15,000,000 Contingently issuable common stock*1,167,930 1,897,500 1,167,930 1,897,500 52,681,949 67,776,861 52,681,949 67,776,861 

*Issuance of Market-based stock units, Earn-out shares and Contingently issuable common stock is contingent upon the satisfaction of certain conditions, which were not satisfied by the end of the period.

13. Related Party Transactions

Original Equipment Manufacturer Partnership Agreement with Motorola

In December 2020, the Company entered into an original equipment manufacturer partnership agreement with Motorola Solutions, Inc. (“Motorola”), an investor in the Company. The partnership agreement has since been amended and restated. Motorola sells Motorola-branded premium products based on the Evolv Express platform through their worldwide network of over 2,000 resellers and integration partners, and has integrated the Evolv Express platform with Motorola products. While the partnership agreement is still in effect, effective in the fourth