ATLANTA, GA – – (EIN Presswire – March 26, 2024) – – A shareholder class action has been filed against Evolv Technologies Holdings, Inc. f/k/a NewHold Investment Corp. (“Evolv” or the “Company”) (NASDAQ: EVLV). The lawsuit alleges Defendants made materially false and misleading statements and/or failed to disclose material adverse information regarding the Company’s business, operations, and prospects, including allegations that: (1) Evolv materially overstated the efficacy of its products; (2) the lack of effectiveness of Evolv’s products with regard to detecting knives and guns led to an increased risk of undetected weapons entering locations such as schools; and (3) Evolv deceived the general public, its customers, and its investors regarding the effectiveness of its products.

If you bought Evolv shares between June 28, 2021 and March 13, 2024, and suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey Holzer, Esq. at cholzer@holzerlaw.com, by toll-free telephone at (888)-508-6832 or, you may visit the firm’s website at www.holzerlaw.com/case/evolv/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is May 24, 2024.

 The case is pending in the United States District Court for the District of Massachusetts, Case No. 1:24-cv-10761.