EVLV - EVOLV SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Evolv Technologies Holdings Inc. (NASDAQ: EVLV) and Encourages Long-Term EVLV Shareholders to Contact the Firm | Benzinga

PHILADELPHIA, June 13, 2024 (GLOBE NEWSWIRE) -- Kaskela Law LLC announces that it is investigating Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) ("Evolv"), formerly known as SPAC entity NewHold Investment Corp., on behalf of the company's long-term investors.

Recently a securities fraud complaint was filed against Evolv on behalf of certain investors who purchased shares of the company's stock between June 28, 2021 and March 13, 2024. According to the complaint, during that time period Evolv and certain of the company's senior executive officers made a series of false and misleading statements to investors and failed to disclose that: (i) Evolv materially overstated the efficacy of its products; (ii) the lack of effectiveness of Evolv's with regard to detecting knives and guns led to an increased risk of undetected weapons entering locations such as schools; and (iii) Evolv deceived the general public, its customers, and its investors regarding the ...

EVLV) and Encourages Long-Term EVLV Shareholders to Contact the Firm>Full story available on Benzinga.com