Company: EVLVW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001628280-25-026845
Chunk: 242

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 242
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 Net cash used in investing activities(6,788)68 (6,720)Cash flows from financing activities:Proceeds from exercise of stock options302 — 302 Net cash provided by financing activities302 — 302 Effect of exchange rate changes on cash and cash equivalents3 — 3 Net decrease in cash, cash equivalents and restricted cash(22,566)— (22,566)Cash, cash equivalents and restricted cashCash, cash equivalents and restricted cash at beginning of period67,437 — 67,437 Cash, cash equivalents and restricted cash at end of period$44,871 $— $44,871 

F-11

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

Supplemental disclosure of non-cash activitiesTransfer of property and equipment to inventory$468 $— $468 Capital expenditures incurred but not yet paid12,030 — 12,030 Capitalization of stock compensation195 (20)175 Operating lease liabilities arising from obtaining right-of-use assets1,694 — 1,694 Reconciliation of cash, cash equivalents and restricted cash:Cash and cash equivalents$44,596 $— $44,596 Restricted cash, noncurrent275 — 275 Total cash, cash equivalents and restricted cash shown in the statements of cash flows$44,871 $— $44,871 (1) Relates to adjustments related to ADJ 2.(2) Relates to adjustments related to ADJ 4.

3. Summary of Significant Accounting Policies

Significant Accounting PoliciesThe significant accounting policies and estimates used in preparation of the unaudited condensed consolidated financial statements are described in the Company’s audited consolidated financial statements as of and for the year ended December 31, 2024, and the notes thereto, which are included in our 2024 Form 10-K. Except for the estimates used to determine the grant date valuation for certain market-based stock units (“MSUs”), as described below, which began being granted during the three months ended March 31, 2025, there have been no material changes to the Company’s significant accounting policies during the three months ended March 31, 2025.Market-based Stock UnitsThe estimated grant date fair value of MSUs granted by the Company is determined using a Monte Carlo simulation