Company: EVLVW
Filing Date: 2025-05-20
Form Type: 10-Q
Source: 0001628280-25-026845
Chunk: 244

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-05-20
Form: 10-Q
Item: Part I, Item 8
Chunk 244
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 and December 31, 2024 consisted of the following:March 31, 2025Amortized CostUnrealized Gain/(Loss)Fair ValueU.S. Treasury bills$9,931 $— $9,931 Total marketable securities$9,931 $— $9,931 December 31, 2024Amortized CostUnrealized Gain/(Loss)Fair ValueU.S. Treasury bills$14,927 $— $14,927 Total marketable securities$14,927 $— $14,927 Marketable securities at March 31, 2025 and December 31, 2024 are comprised solely of zero coupon U.S. treasury bills with maturities of greater than three months but less than one year that are classified as available-for-sale debt securities. Unrealized gains or losses were not material for each of the three months ended March 31, 2025 and 2024. The accretion of discounts on marketable securities is included in interest income on the condensed consolidated statements of operations and comprehensive loss.

5. Fair Value Measurements

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):Fair Value Measurements at March 31, 2025Level 1Level 2Level 3TotalAssets:Money market funds$11,305 $— $— $11,305 Treasury bills— 14,923 — 14,923 $11,305 $14,923 $— $26,228 Liabilities:Contingent earn-out liability$— $— $3,833 $3,833 Contingently issuable common stock liability— — 2,348 2,348 Public Warrant liability2,576 — — 2,576 $2,576 $— $6,181 $8,757 

F-13

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

Fair Value Measurements at December 31, 2024Level 1Level 2Level 3TotalAssets:Money market funds$28,946 $— $— $28,946 Treasury