S-1 Filing

EVOLV TECHNOLOGIES HOLDINGS, INC. CIK: 1805385

Filing Information

Form Type	S-1
Accession Number	`0001104659-21-104077`
Period End Date	20210331
Filing Date	20210812
Fiscal Year	N/A
Fiscal Period	N/A
XBRL Instance	evlv-20210812.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 50 Income Statement 20 Cash Flow Statement 46 Stockholders Equity 33 Comprehensive Income 13

Balance Sheet 50 line items

Line Item	Tag	Value	Unit	Period
Convertible preferred stock, outstanding	`TemporaryEquitySharesOutstanding`	13.67M	shares	Point-in-time
Convertible preferred stock, outstanding	`TemporaryEquitySharesOutstanding`	14.08M	shares	Point-in-time
Common stock subject to possible redemption price per share (in Dollars per share)	`CommonStockSubjectToPossibleRedemptionPricePerShare`	$10.00	USD	Point-in-time
Common stock subject to possible redemption price per share (in Dollars per share)	`CommonStockSubjectToPossibleRedemptionPricePerShare`	$10.00	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$193.00K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$184.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$772.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.51M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.58M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.60M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total assets	`Assets`	$173.37M	USD	Point-in-time
Total assets	`Assets`	$174.09M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.43M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$677.00K	USD	Point-in-time
Accrued income and franchise taxes	`AccruedIncomeTaxesCurrent`	$50.00K	USD	Point-in-time
Accrued income and franchise taxes	`AccruedIncomeTaxesCurrent`	$83.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$760.00K	USD	Point-in-time
Warrant liability	`DerivativeLiabilities`	$21.52M	USD	Point-in-time
Warrant liability	`DerivativeLiabilities`	$24.16M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.04M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$31.68M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.32M	USD	Point-in-time
Carrying Value	`TemporaryEquityCarryingAmountAttributableToParent`	$136.69M	USD	Point-in-time
Carrying Value	`TemporaryEquityCarryingAmountAttributableToParent`	$140.77M	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 1,000,000 authorized shares; none issued or outstanding	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$16.91M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$20.99M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.91M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-15.99M	USD	Point-in-time
Stockholders deficit	`StockholdersEquity`	$23.00K	USD	Point-in-time
Stockholders deficit	`StockholdersEquity`	$5.00M	USD	Point-in-time
Stockholders deficit	`StockholdersEquity`	$5.00M	USD	Point-in-time
Stockholders deficit	`StockholdersEquity`	-	USD	Point-in-time
Total liabilities, convertible preferred stock and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$173.37M	USD	Point-in-time
Total liabilities, convertible preferred stock and stockholders deficit	`LiabilitiesAndStockholdersEquity`	$174.09M	USD	Point-in-time

Income Statement 20 line items

Line Item	Tag	Value	Unit	Period
General and administrative expenses	`GeneralAndAdministrativeExpense`	$2.00K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.46M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.03M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.03M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.46M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.00K	USD	1 Quarter
Interest income	`IncomeOnTrustAccount`	$79.00K	USD	Annual
Cost of issuance of public and private warrants	`CostOfIssuanceOfPublicAndPrivateWarrants`	$390.00K	USD	Annual
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$2.65M	USD	1 Quarter
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	$10.57M	USD	Annual
Change in fair value of warrant liability	`FairValueAdjustmentOfWarrants`	-	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-10.88M	USD	Annual
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.91M	USD	Annual
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.08M	USD	1 Quarter
Loss before income tax provision	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-2.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-11.91M	USD	Annual
Net loss	`ProfitLoss`	$-2.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-119.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-121.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-4.08M	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-390.00K	USD	3 Qtrs
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-11.91M	USD	Annual
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-4.08M	USD	1 Quarter
Income earned on the Trust Account	`InterestIncomeEarnedOnTheTrustAccount`	$79.00K	USD	Annual
Cost of warrant issuance included in financing activities	`CostOfWarrantIssuanceIncludedInFinancingBelow`	$-390.00K	USD	Annual
Change in fair value of warrant liability	`ChangeInFairValueOfWarrantLiability`	$10.57M	USD	Annual
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	$184.00K	USD	Annual
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	$9.00K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$677.00K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$749.00K	USD	1 Quarter
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.00K	USD	1 Quarter
Increase in accrued income and franchise taxes and rounding	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$83.00K	USD	Annual
Increase in accrued income and franchise taxes and rounding	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-34.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$10.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-454.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-749.00K	USD	1 Quarter
Cash flows from investing activities: Cash deposited in Trust Account	`PaymentsToAcquireAssetsInvestingActivities`	$172.50M	USD	Annual
Proceeds from sale of stock to Sponsor and Anchor Investor	`ProceedsFromIssuanceOfCommonStock`	$30.00K	USD	Annual
Proceeds from sale of stock to Sponsor and Anchor Investor	`ProceedsFromIssuanceOfCommonStock`	$25.00K	USD	1 Quarter
Proceeds from Note payable to Sponsor	`ProceedsFromNotesPayable`	$7.00K	USD	1 Quarter
Proceeds from Note payable to Sponsor	`ProceedsFromNotesPayable`	$47.00K	USD	Annual
Proceeds from sale of Public Offering Units	`ProceedsFromIssuanceInitialPublicOffering`	$172.50M	USD	Annual
Proceeds from sale of Public Offering Units	`ProceedsFromIssuanceInitialPublicOffering`	$172.50M	USD	Point-in-time
Proceeds from sale of Public Offering Units	`ProceedsFromIssuanceInitialPublicOffering`	$172.50M	USD	Point-in-time
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$5.70M	USD	Annual
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$5.70M	USD	Point-in-time
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$5.70M	USD	Point-in-time
Payment of underwriting discounts	`PaymentOfUnderwritingDiscounts`	$3.45M	USD	Annual
Payment of offering costs	`PaymentsOfFinancingCosts`	$42.00K	USD	1 Quarter
Payment of offering costs	`PaymentsOfFinancingCosts`	$498.00K	USD	Annual
Payment of Note payable to Sponsor	`RepaymentsOfNotesPayable`	$47.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$174.28M	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.00K	USD	1 Quarter
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.33M	USD	Annual
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-749.00K	USD	1 Quarter
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$579.00K	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$6.04M	USD	Annual
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$19.00K	USD	1 Quarter
Class A common stock subject to possible redemption - initial value	`CommonStockSubjectToPossibleRedemptions`	$152.37M	USD	Annual
Initial classification of warrant liability	`InitialClassificationOfWarrantLiabilities`	$10.95M	USD	Annual
Change in value of Class A common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$-11.59M	USD	Annual
Change in value of Class A common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$4.08M	USD	1 Quarter

Stockholders Equity 33 line items

Line Item	Tag	Value	Unit	Period
Sponsor per share	`SponsorPerShare`	$0.01	USD	Annual
Sponsor per share	`SponsorPerShare`	$0.01	USD	1 Quarter
Forfeiture shares (in Shares)	`ForfeitureShares`	920,000.00	shares	Annual
Anchor investor (in Shares)	`AnchorInvestorPurchases`	920,000.00	shares	Annual
Sale per unit	`SalePerUnit`	$10.00	USD	Annual
Sale of Private Placement (in Shares)	`SalePrivatePlacement`	5.70M	shares	Annual
Private Placement Warrants	`PrivatePlacementWarrant`	$1.00	USD	Annual
Balance at the beginning	`StockholdersEquity`	$23.00K	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the beginning	`StockholdersEquity`	-	USD	Point-in-time
Fair value (in dollars)	`FairValueOfWarrants`	$1.52	USD	Annual
Fair value (in dollars)	`FairValueOfWarrants`	$1.73	USD	1 Quarter
Sale of shares to Sponsor at $0.006 per share	`StockIssuedDuringPeriodValueSaleOfSharesToSponsor`	$25.00K	USD	Annual
Sale of shares to Sponsor at $0.006 per share	`StockIssuedDuringPeriodValueSaleOfSharesToSponsor`	$25.00K	USD	1 Quarter
Forfeiture of 920,000 shares of Class B common stock (in Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensationForfeited`	14.32M	shares	Annual
Forfeiture of 920,000 shares of Class B common stock (in Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensationForfeited`	14.32M	shares	1 Quarter
Issuance of 920,000 shares of Class B common stock to Anchor investor	`AnchorInvestorPurchasesSharesOfClassBCommonStock`	$5.00K	USD	Annual
Sale of Units to the public at $10.00 per Unit	`StockIssuedDuringPeriodValueOther`	$172.50M	USD	Annual
Underwriters' discount and offering expenses	`StockIssuedDuringPeriodValueUnderwritersDiscountAndOfferingExpenses`	$-9.60M	USD	Annual
Sale of 5,700,000 Private Placement Warrants at $1.00 per warrant, at fair value, $0.77	`StockIssuedDuringPeriodValueSaleOfPrivatePlacementWarrantsAtPerWarrant`	$4.36M	USD	Annual
Issuance of warrants to purchase common stock	`AdjustmentsToAdditionalPaidInCapitalWarrantIssued`	$1.34M	USD	Annual
Initial classification of warrant liability	`InitialClassificationOfWarrantLiability`	$-10.95M	USD	Annual
Class A common stock subject to possible redemption	`ChangeInClassACommonStockSubjectToPossibleRedemption`	$140.77M	USD	Annual
Class A common stock subject to possible redemption	`ChangeInClassACommonStockSubjectToPossibleRedemption`	$-4.08M	USD	1 Quarter
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-390.00K	USD	3 Qtrs
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-11.91M	USD	Annual
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-4.08M	USD	1 Quarter
Balance at the end	`StockholdersEquity`	$23.00K	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance at the end	`StockholdersEquity`	-	USD	Point-in-time

Comprehensive Income 13 line items

Line Item	Tag	Value	Unit	Period
Total revenue	`Revenues`	-	USD	1 Quarter
Total revenue	`Revenues`	-	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.00K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.46M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.03M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.03M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.46M	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-2.00K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-10.88M	USD	Annual
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-390.00K	USD	3 Qtrs
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-11.91M	USD	Annual
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-2.00K	USD	1 Quarter
Net loss and comprehensive loss attributable to common stockholders - basic and diluted	`NetIncomeLoss`	$-4.08M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.