10-Q Filing

EVOLV TECHNOLOGIES HOLDINGS, INC. CIK: 1805385 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001213900-20-037355`
Period End Date	20200930
Filing Date	20201116
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	nhic-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 24 Income Statement 14 Cash Flow Statement 25 Stockholders Equity 31

Balance Sheet 24 line items

Line Item	Tag	Value	Unit	Period
Common stock shares subject to possible redemption	`TemporaryEquitySharesIssued`	16.31M	shares	Point-in-time
Common stock subject to possible redemption price per share (in Dollars per share)	`TemporaryEquityRedemptionPricePerShare`	$10.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.52M	USD	Point-in-time
Preferred stock, par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$291.00K	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.81M	USD	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.53M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total assets	`Assets`	$174.34M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$142.00K	USD	Point-in-time
Accrued income and franchise taxes	`AccruedIncomeTaxesCurrent`	$33.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$175.00K	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.21M	USD	Point-in-time
Common stock subject to possible redemption; 16,312,768 shares (at value of approximately $10.00 per share)	`RedeemableNoncontrollingInterestEquityCommonCarryingAmount`	$163.13M	USD	Point-in-time
Commitments and contingencies	`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
Additional paid-in-capital	`AdditionalPaidInCapital`	$5.12M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-121.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$174.34M	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	3 Qtrs
Revenues	`Revenues`	-	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$147.00K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$145.00K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-147.00K	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-145.00K	USD	1 Quarter
Other income Interest income on Trust Account	`InterestIncomeOther`	$26.00K	USD	3 Qtrs
Other income Interest income on Trust Account	`InterestIncomeOther`	$26.00K	USD	1 Quarter
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-119.00K	USD	1 Quarter
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-121.00K	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-121.00K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-119.00K	USD	1 Quarter

Cash Flow Statement 25 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-121.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-119.00K	USD	1 Quarter
Interest income earned on the Trust Account	`InterestIncomeEarnedOnTheTrustAccount`	$26.00K	USD	3 Qtrs
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	$291.00K	USD	3 Qtrs
Increase in accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$142.00K	USD	3 Qtrs
Increase in accrued income and franchise taxes and rounding	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$34.00K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-262.00K	USD	3 Qtrs
Cash flows from investing activities: Cash deposited in Trust Account	`NetCashProvidedByUsedInInvestingActivities`	$-172.50M	USD	3 Qtrs
Proceeds from sale of stock to Sponsor and Anchor Investor	`ProceedsFromIssuanceOfCommonStock`	$30.00K	USD	3 Qtrs
Proceeds from Note payable to Sponsor	`ProceedsFromNotesPayable`	$47.00K	USD	3 Qtrs
Proceeds from sale of Public Offering Units	`ProceedsFromIssuanceInitialPublicOffering`	$172.50M	USD	3 Qtrs
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	Point-in-time
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$5.70M	USD	3 Qtrs
Payment of underwriting discounts	`PaymentOfUnderwritingDiscounts`	$3.45M	USD	3 Qtrs
Payment of offering costs	`PaymentsOfFinancingCosts`	$494.00K	USD	3 Qtrs
Payment of Note payable to Sponsor	`RepaymentsOfNotesPayable`	$47.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$174.29M	USD	3 Qtrs
Net increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.52M	USD	3 Qtrs
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.52M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.52M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$6.04M	USD	3 Qtrs
Offering costs included in accrued liabilities	`OfferingCostsIncludedInAccruedLiabilities`	$70.00K	USD	3 Qtrs

Stockholders Equity 31 line items

Line Item	Tag	Value	Unit	Period
Sponsor forfeits	`SponsorFees`	$920.00K	USD	1 Quarter
Sponsor forfeits	`SponsorFees`	$920.00K	USD	3 Qtrs
Anchor investor purchases	`AnchorInvestorPurchases`	$92.00K	USD	1 Quarter
Anchor investor purchases	`AnchorInvestorPurchases`	$920.00K	USD	3 Qtrs
Sale per Unit (in Dollars per share)	`SalePerUnit`	$10.00	USD	1 Quarter
Sale per Unit (in Dollars per share)	`SalePerUnit`	$10.00	USD	3 Qtrs
Sale Private Placement	`SalePrivatePlacement`	$5.70M	USD	1 Quarter
Sale Private Placement	`SalePrivatePlacement`	$5.70M	USD	3 Qtrs
Private Placement Warrants (in Shares)	`PrivatePlacementWarrants`	1.00	shares	3 Qtrs
Private Placement Warrants (in Shares)	`PrivatePlacementWarrants`	1.00	shares	1 Quarter
Sponsor per share (in Dollars per share)	`SponsorPerShare`	$0.01	USD	3 Qtrs
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.00K	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.00M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time
Sale of shares to Sponsor at $0.006 per share	`StockIssuedDuringPeriodValueSaleOfSharesToSponsor`	$25.00K	USD	3 Qtrs
Sponsor forfeits 920,000 Class B common stock	`SponsorForfeitsClassBCommonStock`	-	USD	1 Quarter
Anchor investor purchases 920,00 shares of Class B common stock	`AnchorInvestorPurchasesSharesOfClassBCommonStock`	$5.00K	USD	1 Quarter
Anchor investor purchases 920,00 shares of Class B common stock	`AnchorInvestorPurchasesSharesOfClassBCommonStock`	$5.00K	USD	3 Qtrs
Sale of Units to the public at $10.00 per Unit	`StockIssuedDuringPeriodValueOther`	$172.50M	USD	1 Quarter
Sale of Units to the public at $10.00 per Unit	`StockIssuedDuringPeriodValueOther`	$172.50M	USD	3 Qtrs
Underwriters discount and offering expenses	`StockIssuedDuringPeriodValueUnderwritersDiscountAndOfferingExpenses`	$-9.98M	USD	1 Quarter
Underwriters discount and offering expenses	`StockIssuedDuringPeriodValueUnderwritersDiscountAndOfferingExpenses`	$-9.98M	USD	3 Qtrs
Sale of 5,700,000 Private Placement Warrants at $1.00 per warrant	`StockIssuedDuringPeriodValueSaleOfPrivatePlacementWarrantsAtPerWarrant`	$5.70M	USD	1 Quarter
Sale of 5,700,000 Private Placement Warrants at $1.00 per warrant	`StockIssuedDuringPeriodValueSaleOfPrivatePlacementWarrantsAtPerWarrant`	$5.70M	USD	3 Qtrs
Change in Class A common stock subject to possible redemption	`ChangeInClassACommonStockSubjectToPossibleRedemption`	$-163.13M	USD	1 Quarter
Change in Class A common stock subject to possible redemption	`ChangeInClassACommonStockSubjectToPossibleRedemption`	$-163.13M	USD	3 Qtrs
Net loss	`ProfitLoss`	$-121.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-119.00K	USD	1 Quarter
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$23.00K	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.00M	USD	Point-in-time
Balances	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	-	USD	Point-in-time

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