- Evolv Technologies Holdings, Inc. (EVLV, Financial) receives a Nasdaq delinquency notification for delayed filing of its 2024 Annual Report.
- The company must submit an updated compliance plan by May 1, 2025, to address the filing issue.
- Evolv is working with AlixPartners LLP to complete and file the required reports by the May 19, 2025 deadline.
Evolv Technologies Holdings, Inc. (EVLV), a leader in AI-based security technology, has announced it received an expected delinquency notification from Nasdaq due to a delayed filing of its 2024 Annual Report. The delay resulted from an internal investigation into sales practices impacting revenue recognition and necessitating the restatement of certain financial statements. Despite this notification, there is no immediate effect on Evolv's Nasdaq listing.
In response to the notice, Nasdaq has mandated that Evolv submit an updated compliance plan by May 1, 2025. The plan must outline how the company intends to meet the Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the SEC. Previously, Evolv had already submitted a plan to Nasdaq after an earlier notice of non-compliance regarding its Q3 2024 Quarterly Report.
Evolv has partnered with AlixPartners LLP, a prominent global business advisory firm, to expedite the completion and filing of both its Annual and Quarterly Reports. The company aims to simultaneously submit these filings to the SEC by the deadline of May 19, 2025, as granted by Nasdaq. Failure to comply with this timeline could impact future compliance standing but for now, Evolv's securities remain unaffected.
