Evolv Technology Publicly Listed on NASDAQ Under EVLV
NewHold Investment Corp., a publicly-traded special purpose acquisition company, and Evolv Technologies Inc., a provider of weapons detection security screening solutions, announced that they have completed their business combination. The transaction was unanimously approved by the board of directors of NewHold and was approved at a special meeting of NewHold shareholders on July 15, 2021. The common stock of the combined company will trade on the NASDAQ Stock Market under the symbol “EVLV,” its warrants will trade under “EVLVW,” and its units will trade under “EVLVU” beginning July 19, 2021. Peter George, who has served as chief executive officer of the company since January 2020, will continue to lead the business.
“Evolv’s new capital supports our rapid growth in transforming security,” George said. “The world is opening, visitors require a better experience and peace of mind to gather safely. We are energized by our market opportunity and driven to fulfill our mission to make everywhere safer. And we are incredibly thankful to all the customers, employees, investors, and partners who have helped us establish a higher standard for physical security.”