LOS ANGELES, CA / ACCESS WIRE / December 1, 2024 / The Schall Law Firm, a national shareholder rights law firm, reminds investors of a class action lawsuit against Evolv Technologies Holdings, Inc. (“Evolv” or “the Company”) (NASDAQ:EVLV) for violation of 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.



Investors who purchased the Company’s securities between August 19, 2022 and October 30, 2024, inclusive (the “Class Period”), are encouraged to contact the Company before December 31, 2024.


Are you a shareholder and have you suffered a loss? click here to participate.


We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights, free of charge. You can also reach us via the company website: www.schallfirm.comor by email at bschall@schallfirm.com.


In this case, the class has not yet been certified and until certification occurs, you will not be represented by an attorney. If you choose to take no action, you may remain an absent class member.


According to the complaint, the company made false and misleading statements to the marketplace. Evolv announced on October 25, 2024 that its financial statements ranging from the second quarter of 2022 to the second quarter of 2024 could not be relied upon due to material misstatements regarding revenue recognition and other revenue metrics. The company stated that “certain sales, including sales to one of its largest channel partners, were subject to extra-contractual terms” that were not shared with the accounting function, “and that certain company personnel engaged in misconduct in connection with those transactions .” Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Evolv, investors suffered.


Join the cause to recover your losses.


The Schall Law Firm represents investors worldwide and specializes in securities class action lawsuits and shareholder rights litigation.


This press release may be considered attorney advertising in some jurisdictions under applicable law and ethical rules.


CONTACT:


Schall law firm


Brian Schall, Esq.


310-301-3335


info@schallfirm.com


www.schallfirm.com


SOURCE: Schall law firm


View the original press release at accesswire.com





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