Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 268

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 268
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ent earn-out liability$— $— $18,033 $18,033 Contingently issuable common stock liability— — 6,248 6,248 Public Warrant liability7,879 — — 7,879 $7,879 $— $24,281 $32,160 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 June 30, 2025, U.S. treasury bills with maturities less than 3 months, which totaled $3.0 million, are included in cash and cash equivalents. 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 sources.The Company may also value its non-financial assets and liabilities, including items such as inventories and property and equipment, at fair value on a non-recurring basis if it is determined that impairment has occurred. Such fair value measurements use significant unobservable inputs and are classified as Level 3.The carrying amounts of cash and cash equivalents, accounts receivable, accounts payable, accrued liabilities, and other accrued expenses approximate fair value because of their short maturity.During each of the six months ended June 30, 2025 and 2024, there were no transfers between Level 1, Level