10-K Filing

EVOLV TECHNOLOGIES HOLDINGS, INC. CIK: 1805385 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001213900-21-017699`
Period End Date	20201231
Filing Date	20210325
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	nhic-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 25 Income Statement 7 Cash Flow Statement 27 Stockholders Equity 19

Balance Sheet 25 line items

Line Item	Tag	Value	Unit	Period
Common stock shares subject to possible redemption	`TemporaryEquitySharesOutstanding`	16.23M	shares	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`	-	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`	$184.00K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.51M	USD	Point-in-time
Cash and investments held in trust account	`AssetsHeldInTrustNoncurrent`	$172.58M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Total assets	`Assets`	$174.09M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$677.00K	USD	Point-in-time
Accrued income and franchise taxes	`AccruedIncomeTaxesCurrent`	$83.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$760.00K	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.80M	USD	Point-in-time
Common stock subject to possible redemption; 16,229,286 shares (at approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$162.29M	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`	$5.95M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-951.00K	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$174.09M	USD	Point-in-time

Income Statement 7 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.03M	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-1.03M	USD	Annual
Other income Income on Trust Account	`InterestIncomeOther`	$79.00K	USD	Annual
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-951.00K	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`ProfitLoss`	$-951.00K	USD	Annual

Cash Flow Statement 27 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-951.00K	USD	Annual
Income earned on the Trust Account	`InterestIncomeEarnedOnTheTrustAccount`	$79.00K	USD	Annual
Increase in prepaid expenses and other assets	`IncreaseDecreaseInPrepaidExpensesOther`	$184.00K	USD	Annual
Increase in accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$677.00K	USD	Annual
Increase in accrued income and franchise taxes and rounding	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$83.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-454.00K	USD	Annual
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 Note payable to Sponsor	`ProceedsFromNotesPayable`	$47.00K	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 Public Offering Units	`ProceedsFromIssuanceInitialPublicOffering`	$172.50M	USD	Annual
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`	$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 increase in cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$1.33M	USD	Annual
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$6.04M	USD	Annual
Common stock subject to possible redemption initial value	`CommonStockSubjectToPossibleRedemptions`	$141.60M	USD	Annual
Change in value of common stock subject to redemption	`ChangeInValueOfCommonStockSubjectToRedemption`	$20.69M	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Sponsor per share	`SponsorPerShare`	$0.01	USD	Annual
Forfeiture shares	`ForfeitureShares`	920,000.00	shares	Annual
Anchor investor	`AnchorInvestorPurchases`	$920.00K	USD	Annual
Sale per unit	`SalePerUnit`	$10.00	USD	Annual
Sale of Private Placement	`SalePrivatePlacement`	$5.70M	USD	Annual
Private Placement Warrants	`PrivatePlacementWarrants`	1.00	shares	Annual
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Sale of shares to Sponsor at $0.006 per share	`StockIssuedDuringPeriodValueSaleOfSharesToSponsor`	$25.00K	USD	Annual
Forfeiture of 920,000 shares of Class B common stock	`StockIssuedDuringPeriodValueShareBasedCompensationForfeited`	-	USD	Annual
Forfeiture of 920,000 shares of Class B common stock (in Shares)	`StockIssuedDuringPeriodSharesShareBasedCompensationForfeited`	14.32M	shares	Annual
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`	$-9.99M	USD	Annual
Sale of 5,700,000 Private Placement Warrants at $1.00 per warrant	`StockIssuedDuringPeriodValueSaleOfPrivatePlacementWarrantsAtPerWarrant`	$5.70M	USD	Annual
Class A common stock subject to possible redemption	`ChangeInClassACommonStockSubjectToPossibleRedemption`	$-162.29M	USD	Annual
Net loss	`NetIncomeLoss`	$-951.00K	USD	Annual
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time

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