Lead Plaintiff Deadline is Approaching - Act Now

Evolv Technologies® Class Action

Buchan v. Evolv Technologies Holdings, Inc. et al.

Evolv Technologies Holdings, Inc.®

NASDAQ: EVLV

Class Period : 08/19/2022 - 10/30/2024

Lead Plaintiff Motion Deadline: 12/31/2024

Evolv Technologies® is accused of providing misleading financial statements for two years, from Q2 2022 to Q2 2024. These statements allegedly overstated revenue and misrepresented other critical financial metrics tied to revenue performance. On October 25, 2024, the company admitted that these financial reports could not be trusted due to significant errors. Evolv® revealed that certain sales, including those involving a major partner, included hidden terms not disclosed to its accounting team. Additionally, misconduct by company personnel was linked to these discrepancies. Evolv® also self-reported these issues to the SEC, signaling serious regulatory concerns. This misconduct raises questions about Evolv's® internal controls and transparency, which are key factors in the stability of any publicly traded company.  

Effects on Stock Prices  

Evolv's® stock price has faced dramatic drops following these revelations:  

  • October 25, 2024: After announcing the accounting errors and delayed financial filings, Evolv's® stock plummeted 40%, falling from $4.10 to $2.47 per share.
  • October 31, 2024: Following CEO Peter George's immediate termination and the appointment of an interim leader, the stock dipped another 8%, from $2.34 to $2.15 per share.  

These declines highlight the financial impact on shareholders who relied on Evolv's® allegedly inaccurate reporting. Investors may have suffered substantial losses due to mismanagement and lack of disclosure.  

Legal Rights for Affected Shareholders  

If you purchased Evolv® stock during the impacted period, you may have legal options to recover financial losses. Under securities laws, shareholders have the right to hold companies accountable for issuing false or misleading statements that result in economic harm.  

You could qualify to join this class action lawsuit if:  

  1. You purchased Evolv® stock between Q2 2022 and October 2024.  
  2. You experienced financial losses due to Evolv's® stock price declines.  
  3. You relied on the company's public financial statements when making investment decisions.  

Participating in this lawsuit can help you seek compensation for your losses and ensure corporate accountability.  

Take Action Today  

The window to act in class action lawsuits is often limited. Please file within the required timeframe to avoid losing your chance to recover damages. Protect your rights by taking action now.  

Here's how to get started:  

  1. Collect evidence of your Evolv® stock purchases and losses.  
  2. Contact an experienced securities attorney to evaluate your case.  
  3. Join the class action to pursue justice and hold Evolv accountable.  

Don't wait. The sooner you act, the stronger your case could be.

iStock-12

DiCello Levitt Fights To Protect Shareholder Rights

At DiCello Levitt, we're committed to safeguarding the rights of investors impacted by corporate misconduct. Our team of experienced attorneys has a proven track record of challenging powerful corporations and securing significant compensation for our clients.  

By joining this class action lawsuit, you can stand against Evolv's® alleged violations and seek the justice you deserve. We offer a free, private case evaluation to assess your potential compensation value and guide you through the following steps.  

Don't let corporate negligence harm your financial future. Contact us today to learn more about your rights and take the first step toward recovery. Request your free case evaluation now to get started.

All victims affected by Evolv Technologies® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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of the Class

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Evolv Technologies® Class Action

Buchan v. Evolv Technologies Holdings, Inc. et al.

Evolv Technologies Holdings, Inc.®

NASDAQ: EVLV

Class Period : 08/19/2022 - 10/30/2024

Lead Plaintiff Motion Deadline: 12/31/2024

Evolv Technologies® is accused of providing misleading financial statements for two years, from Q2 2022 to Q2 2024. These statements allegedly overstated revenue and misrepresented other critical financial metrics tied to revenue performance. On October 25, 2024, the company admitted that these financial reports could not be trusted due to significant errors. Evolv® revealed that certain sales, including those involving a major partner, included hidden terms not disclosed to its accounting team. Additionally, misconduct by company personnel was linked to these discrepancies. Evolv® also self-reported these issues to the SEC, signaling serious regulatory concerns. This misconduct raises questions about Evolv's® internal controls and transparency, which are key factors in the stability of any publicly traded company.  

Effects on Stock Prices  

Evolv's® stock price has faced dramatic drops following these revelations:  

  • October 25, 2024: After announcing the accounting errors and delayed financial filings, Evolv's® stock plummeted 40%, falling from $4.10 to $2.47 per share.
  • October 31, 2024: Following CEO Peter George's immediate termination and the appointment of an interim leader, the stock dipped another 8%, from $2.34 to $2.15 per share.  

These declines highlight the financial impact on shareholders who relied on Evolv's® allegedly inaccurate reporting. Investors may have suffered substantial losses due to mismanagement and lack of disclosure.  

Legal Rights for Affected Shareholders  

If you purchased Evolv® stock during the impacted period, you may have legal options to recover financial losses. Under securities laws, shareholders have the right to hold companies accountable for issuing false or misleading statements that result in economic harm.  

You could qualify to join this class action lawsuit if:  

  1. You purchased Evolv® stock between Q2 2022 and October 2024.  
  2. You experienced financial losses due to Evolv's® stock price declines.  
  3. You relied on the company's public financial statements when making investment decisions.  

Participating in this lawsuit can help you seek compensation for your losses and ensure corporate accountability.  

Take Action Today  

The window to act in class action lawsuits is often limited. Please file within the required timeframe to avoid losing your chance to recover damages. Protect your rights by taking action now.  

Here's how to get started:  

  1. Collect evidence of your Evolv® stock purchases and losses.  
  2. Contact an experienced securities attorney to evaluate your case.  
  3. Join the class action to pursue justice and hold Evolv accountable.  

Don't wait. The sooner you act, the stronger your case could be.

iStock-12

DiCello Levitt Fights To Protect Shareholder Rights

At DiCello Levitt, we're committed to safeguarding the rights of investors impacted by corporate misconduct. Our team of experienced attorneys has a proven track record of challenging powerful corporations and securing significant compensation for our clients.  

By joining this class action lawsuit, you can stand against Evolv's® alleged violations and seek the justice you deserve. We offer a free, private case evaluation to assess your potential compensation value and guide you through the following steps.  

Don't let corporate negligence harm your financial future. Contact us today to learn more about your rights and take the first step toward recovery. Request your free case evaluation now to get started.

All victims affected by Evolv Technologies® alleged deceptive practices and failure to meet basic compliance standards should receive justice and potential compensation, beginning with a free, private case review with our experienced legal team.

The Importance of Joining a Class Action

Class action lawsuits can provide an efficient mechanism to compensate injured victims, hold wrongdoers accountable, or affect how a company or an industry operates.  Class actions allow injured parties to come together and take on larger adversaries.  By leveraging the power of a group class members the class can match the resources of a corporate defendant and put the parties on equal footing.

If you have been adversely affected by corporate misconduct, you may join DiCello Levitt’s class action lawsuit and help hold the wrongdoers responsible for their alleged misconduct, potentially recover your financial losses, and contribute to enforcing higher ethical, governance, and compliance standards.  Your participation can make a difference.

To learn more about how to join the lawsuit and your potential eligibility, please contact DiCello Levitt.  DiCello Levitt is committed to representing the interests of all affected parties and pursuing justice in this significant case.

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We'll ask specific questions to understand the situation, damage risk, and other vital information to help determine the next steps.

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A qualified legal team led by a Financial Products Litigation attorney will consider the facts of your case.

You no longer have to suffer Evolv's® alleged deceptive practices—we fight for justice for you!

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