Company: EVLVW
Filing Date: 2025-04-28
Form Type: 10-Q
Source: 0001628280-25-020353
Chunk: 193

Company: Evolv Technologies Holdings, Inc.
Filing Date: 2025-04-28
Form: 10-Q
Item: Part I, Item 1
Chunk 193
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 operations and comprehensive (loss) income.

F-19

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

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 September 30, 2024Level 1Level 2Level 3TotalAssets:Money market funds$22,461 $— $— $22,461 Treasury bills— 20,902 — 20,902 $22,461 $20,902 $— $43,363 Liabilities:Contingent earn-out liability$— $— $14,027 $14,027 Contingently issuable common stock liability— — 4,312 4,312 Public Warrant liability5,428 — — 5,428 $5,428 $— $18,339 $23,767 Fair Value Measurements at December 31, 2023Level 1Level 2Level 3TotalAssets:Money market funds$57,829 $— $— $57,829 Treasury bills— 51,289 — 51,289 $57,829 $51,289 $— $109,118 Liabilities:Contingent earn-out liability$— $— $29,119 $29,119 Contingently issuable common stock liability— — 6,530 6,530 Public Warrant liability10,889 — — 10,889 $10,889 $— $35,649 $46,538 Money market funds are included in cash and cash equivalents on the condensed consolidated balance sheets. As of September 30, 2024, U.S. treasury bills with maturities less than 3 months, which totaled $10.9 million, are included in cash and cash equivalents, while treasury bills with maturities greater than 3 months, which totaled $10.0 million, are reflected as marketable securities. As of December 31, 2023, all outstanding treasury bills, which totaled $51.3 million, had