SAN DIEGO, March 26, 2024 (GLOBE NEWSWIRE) -- Robbins LLP informs investors that a shareholder filed a class action on behalf of all persons and entities that purchased or otherwise acquired Evolv Technologies Holdings, Inc. (NASDAQ:EVLV) securities between June 28, 2021 and March 13, 2024. Evolv describes itself as a "leader in Artificial Intelligence ("AI")-based weapons detection for security screening."
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating the Allegations that Evolv Technologies Holdings, Inc. (EVLV) Overstated the Efficacy of its Products
On or around July 19, 2021, Evolv went public through a SPAC merger with Newhold Investment Corp. Prior to the SPAC Merger, Newhold traded on the NASDAQ under the ticker symbol "NHIC".
According to the complaint, during the class period, defendants failed to disclose that: (1) Evolv materially overstated the efficacy of ...