Finance

Investors Encouraged to Secure Counsel Ahead of Deadline in Evolv Technologies Securities Class Action

Published May 12, 2024

The Rosen Law Firm, recognized globally for its dedication to investor rights, is calling attention to those who have purchased securities of Evolv Technologies Holdings, Inc. (NASDAQ: EVLV, formerly known as NewHold Investment Corp., between June 28, 2021, and March 13, 2024. The firm urges these investors to seek legal counsel prior to the upcoming May 24 deadline concerning a securities class action lawsuit.

Background of Evolv Technologies and the Class Action

Evolv Technologies Holdings, Inc., headquartered in Waltham, Massachusetts, focuses on providing AI-driven contactless security screening systems and has faced challenges that have led to legal action. The class action lawsuit alleges that the company provided misleading information to the investors, failed to disclose important facts, and consequently, investors suffered losses.

What Investors Should Know

Investors who purchased EVLV securities within the specified timeframe and incurred losses are encouraged to secure legal representation to potentially recover their investments. The deadline to apply as a lead plaintiff is May 24. The Rosen Law Firm stresses that acting before this critical deadline is vital for shareholders who wish to participate in the class action lawsuit.

Investors, Legal, Deadline