Company: EVLVW
Filing Date: 2025-04-30
Form Type: DEF 14A
Source: 0001628280-25-021091
Chunk: 84

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-30
Form: DEF 14A
Chunk 84
---
 NOT YOU PLAN TO ATTEND THE ANNUAL MEETING ONLINE, WE URGE YOU TO VOTE YOUR SHARES VIA THE TOLL-FREE TELEPHONE NUMBER OR OVER THE INTERNET, AS DESCRIBED IN THIS PROXY STATEMENT. IF YOU RECEIVED A COPY OF THE PROXY CARD BY MAIL, YOU MAY SIGN, DATE AND MAIL THE PROXY CARD IN THE ENCLOSED RETURN ENVELOPE. PROMPTLY VOTING YOUR SHARES WILL ENSURE THE PRESENCE OF A QUORUM AT THE ANNUAL MEETING AND WILL SAVE US THE EXPENSE OF FURTHER SOLICITATION.

By Order of the Board of Directors

Rachel Roy, General Counsel and Secretary

Waltham, Massachusetts

April 30, 2025

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TABLE OF CONTENTS

### APPENDIX A NON-GAAP RECONCILIATION AND KEY PERFORMANCE INDICATORS

#### Non-GAAP Reconciliation
This Proxy Statement contains Adjusted EBITDA, a financial measure which is not based on any standardized methodology prescribed by GAAP. EBITDA, a financial measure which is not based on any standardized methodology prescribed by GAAP. We use Adjusted EBITDA to evaluate our operating results and for financial and operational decision-making purposes, which is why we present this information to investors. Adjusted EBITDA is defined as net income (loss) plus depreciation and amortization, stock-based compensation, interest expense (income), provision for income taxes, loss on extinguishment of debt, change in fair value of contingent earn-out liability, change in fair value of contingently issuable common stock liability, change in fair value of public warrant liability, loss on impairment of lease equipment and intangible assets, one-time employee separation costs, one-time inventory charges, and one-time legal and regulatory expenses. One time legal and regulatory costs include one-time legal, accounting and professional fees related to the internal investigation, subsequent restatement, certain one-time regulatory, litigation and legal matters, as well as fees related to the resolution of the U.S. Federal Trade Commission investigation.

### EVOLV TECHNOLOGY

### RECONCILIATION OF GAAP NET LOSS TO ADJUSTED EBITDA
<div align='center'>(In thousands)

(Unaudited)</div>

|                                                                      |     | Twelve Months Ended 
 December 31,        |     | 2024 |     |   |         |     | 2023 |     | (Restated)