Company: EVLVW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001805385-25-000009
Chunk: 208

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 208
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  (loss) income per share attributable to common stockholders - basic$(0.25)$0.02$(0.26)$(0.05)Net  (loss) income per share attributable to common stockholders - diluted$(0.25)$0.02$(0.26)$(0.05)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 EndedJune 30,Six Months EndedJune 30,2025202420252024Options issued and outstanding11,630,769 7,237,746 11,630,76921,681,791 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 — 117,423 117,423 Unvested restricted stock units10,582,484 8,843,186 10,582,484 16,117,388 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*1,897,500 1,897,500 1,897,500 1,897,500 55,223,212 47,303,325 55,223,212 69,138,995 

*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.

F-25

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

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 Ev