10-K/A Filing

EVOLV TECHNOLOGIES HOLDINGS, INC. CIK: 1805385 FY 2020

Filing Information

Form Type	10-K/A
Accession Number	`0001213900-21-026385`
Period End Date	20201231
Filing Date	20210514
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	nhic-20201231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 27 Income Statement 13 Cash Flow Statement 30 Stockholders Equity 22

Balance Sheet 27 line items

Line Item	Tag	Value	Unit	Period
Common stock shares subject to possible redemption	`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
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssetsCurrent`	$184.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.51M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	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
Warrant liability	`DerivativeLiabilities`	$9.47M	USD	Point-in-time
Warrant liability	`DerivativeLiabilities`	$21.52M	USD	Point-in-time
Deferred underwriting compensation	`DeferredCompensationLiabilityClassifiedNoncurrent`	$6.04M	USD	Point-in-time
Total liabilities	`Liabilities`	$28.32M	USD	Point-in-time
Common stock subject to possible redemption; 14,077,350 shares (at approximately $10.00 per share)	`TemporaryEquityCarryingAmountAttributableToParent`	$140.77M	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`	$16.91M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-11.91M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$5.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	-	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$174.09M	USD	Point-in-time

Income Statement 13 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 (expense)	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Income on Trust Account	`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`	$10.57M	USD	Annual
Total other expense, net	`NonoperatingIncomeExpense`	$-10.88M	USD	Annual
Income before provision for income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-11.91M	USD	Annual
Provision for income tax	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss	`ProfitLoss`	$-119.00K	USD	1 Quarter
Net loss	`ProfitLoss`	$-121.00K	USD	3 Qtrs
Net loss	`ProfitLoss`	$-11.91M	USD	Annual

Cash Flow Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-11.91M	USD	Annual
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 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	Annual
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	Point-in-time
Proceeds from sale of Private Placement Warrants	`ProceedsFromIssuanceOfPrivatePlacement`	$5.70M	USD	Annual
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`	$1.33M	USD	Point-in-time
Cash at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.33M	USD	Point-in-time
Cash at end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Deferred underwriting compensation	`DeferredUnderwritingCompensation`	$6.04M	USD	Annual
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

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Sponsor per share	`SponsorPerShare`	$0.01	USD	Annual
Forfeiture shares (in Shares)	`ForfeitureShares`	920,000.00	shares	Annual
Anchor investor (in Dollars)	`AnchorInvestorPurchases`	$920.00K	USD	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
Fair value (in Dollars)	`FairValueofWarrants`	$0.77	USD	Annual
Balance	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance	`StockholdersEquity`	-	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`	$-9.60M	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
Cash received in excess of fair value of warrants	`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
Net loss	`NetIncomeLoss`	$-11.91M	USD	Annual
Balance,	`StockholdersEquity`	$5.00M	USD	Point-in-time
Balance,	`StockholdersEquity`	-	USD	Point-in-time

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