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EVLV Evolv Technologies

NewHold Investment Corp. is a blank check company formed in 2020 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination target in any business or industry, it focuses on identifying businesses in the industrial technology sector.

EVLV stock data

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Calendar

16 Aug 21
20 Oct 21
31 Dec 21
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 181K 181K 181K 181K 181K 181K
Cash burn (monthly) 132.67K 111.92K 2.54M 1.97M 2.54M 1.69M
Cash used (since last report) 487.63K 411.37K 9.34M 7.24M 9.34M 6.21M
Cash remaining -306.63K -230.37K -9.16M -7.06M -9.16M -6.03M
Runway (months of cash) -2.3 -2.1 -3.6 -3.6 -3.6 -3.6

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 Oct 21 Neil Glat RSU Class A Common Stock Grant Acquire A No No 0 14,500 0 14,500
14 Oct 21 Saintil Merline RSU Class A Common Stock Grant Acquire A No No 0 14,500 0 14,500
14 Oct 21 Mark J. Sullivan RSU Class A Common Stock Grant Acquire A No No 0 14,500 0 14,500
14 Oct 21 Sheehy Kimberly H. RSU Class A Common Stock Grant Acquire A No No 0 14,500 0 14,500
27 Sep 21 Anil Chitkara RSU Class A Common Stock Grant Acquire A No No 0 500 0 500

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

12.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 52 47 +10.6%
Opened positions 15 45 -66.7%
Closed positions 10 0 NEW
Increased positions 20 1 +1900.0%
Reduced positions 10 1 +900.0%
13F shares
Current Prev Q Change
Total value 16.49B 15.19B +8.6%
Total shares 17.94M 12.91M +39.0%
Total puts 0 0
Total calls 304.75K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
Magnetar Financial 3.49M $19.61M +113.3%
Ubs Oconnor 2.26M $16.37B +50.0%
Glenview Capital Management 1.7M $17.01M +208.3%
Mint Tower Capital Management B.V. 1.03M $10.09M +2.8%
TIG Advisors 1M $10.03M +11.3%
Radcliffe Capital Management 958.53K $9.61M +62.3%
Kepos Capital 802.43K $8.05M +5.3%
Suvretta Capital Management 750.71K $7.53M +0.1%
Linden Advisors 451.07K $4.53M +86.7%
Citadel Advisors 398K $3.99M -0.4%
Largest transactions
Shares Bought/sold Change
Magnetar Financial 3.49M +1.86M +113.3%
Glenview Capital Management 1.7M +1.15M +208.3%
Ubs Oconnor 2.26M +752.94K +50.0%
Marshall Wace 0 -606.27K EXIT
Alpine Global Management 39.23K -551.98K -93.4%
Radcliffe Capital Management 958.53K +367.87K +62.3%
ACK Asset Management 308.33K +308.33K NEW
CNH Partners 300K +300K NEW
Davidson Kempner Capital Management 300K +300K NEW
Corsair Capital Management 253.36K +253.36K NEW

Financial report summary

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Management Discussion
  • For the period from January 24, 2020 (date of inception) to June 30, 2021 our activities consisted of formation and preparation for the Public Offering and, subsequent to the Public Offering, identifying and completing a suitable Initial Business Combination. As such, we had no operations or significant operating expenses until August 2020.
  • Our normal operating costs include costs associated with our search for an Initial Business Combination, costs associated with our governance and public reporting and state franchise taxes expected to total approximately $17,000 per month (see below), a charge of $15,000 per month from our Sponsor (see Note 1 to condensed consolidated financial statements) for administrative services. Our costs in the three and six months ended June 30, 2021 also include the costs of our public reporting, governance and related costs, subsequent to the Public Offering as well as professional and consulting fees and travel associated with evaluating various Initial Business Combination candidates. Costs associated with our governance and public reporting have increased since the Public Offering and were approximately $129,000 and $178,000, respectively, for the three and six months ended June 30, 2021. Costs associated with professional, due diligence and consulting fees related to our review of business combination candidates were approximately $6,360,000 and $7,539,000, respectively, for the three and six months ended June 30, 2021. As we identify Initial Business Combination candidates, our costs are expected to increase significantly in connection with negotiating and executing a definitive agreement and related agreements as well as additional professional, due diligence and consulting fees and travel costs that will be required in connection with an Initial Business Combination. We expect our costs to increase significantly in connection with negotiating and executing a merger agreement and related agreements as well as additional professional, due diligence and consulting fees and travel costs that will be required in connection with an Initial Business Combination. Costs to adjust our warrant liabilities to market value at each reporting period were approximately $959,000 and $3,605,000, respectively, for the three and six months ended June 30, 2021.
  • Since our operating costs are not expected to be deductible for federal income tax purposes, we are subject to federal income taxes on the income from the Trust Account less taxes. However, we are permitted to withdraw interest earned from the Trust Account for the payment of taxes.
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