# Evolv Technologies Holdings, Inc. (EVLVW) — bankruptcy [rumored]
Source: SEC API (secapi.ai) · situation sit_c09774224b4cca0780e8 · retrieved 2026-08-12T07:56:50.251Z

## Overview
Evolv Technologies Holdings, Inc. is a leading security technology company pioneering artificial intelligence-powered screening solutions designed to help create safer environments while maintaining efficient visitor flow; it serves customers across education, healthcare, sports, live entertainment, tourist attractions, houses of worship, and industrial workplaces with products including Evolv Ex…

On August 6, 2026, the U.S. District Court for the District of Massachusetts preliminarily approved a settlement of consolidated stockholder derivative actions against Evolv Technologies Holdings, Inc. and 24 individual defendants (directors and officers). The settlement resolves the Massachusetts federal action (In re Evolv Technologies Holdings, Inc. Stockholder Derivative Litigation, Master File No. 1:24-cv-12822-ADB), two Delaware Chancery Court actions (Bersch v. George and Patrick v. Charlton), and a pre-suit demand by shareholder Nicholas R. Ingrao. The settlement requires no payment by Evolv itself; instead, the Company's insurers will pay $1,275,000 in plaintiffs' attorneys' fees and expenses. In exchange, Evolv has agreed to implement comprehensive corporate governance reforms—including amendments to its Audit Committee Charter, Marketing Policy, Disclosure Committee Charter, and Corporate Governance Guidelines; enhanced General Counsel duties; creation of a Management-Level Compliance Committee; and annual Board discussions on revenue recognition and FTC compliance—to remain in effect for five years. The settlement is subject to final court approval at a hearing scheduled for October 21, 2026.

## Terms
- Counterparty: Stockholder plaintiffs (Bonnie Maas, Jonathan Johnson, Steve Bersch, Robert Patrick, Nicholas R. Ingrao) and Individual Defendants (Neil Glat, Kevin Charlton, Michael Ellenbogen, and 21 others) · Deal value: $1.3M

## Key dates
- Record 2026-08-05 · Expected close 2026-10-21

## Timeline
- 2026-08-10 · 8-K (0001805385-26-000040): 8-K - Evolv Technologies Holdings, Inc. — *Evolv Technologies Holdings, Inc. is a leading security technology company pioneering artificial intelligence-powered screening solutions designed to help create safer environments while maintaining efficient visitor flow; it serves customers across education, healthcare, sports, live entertainment, tourist attractions, houses of worship, and industrial workplaces with products including Evolv Ex…* On August 6, 2026, the U.S. District Court for the District of Massachusetts preliminarily approved a settlement of consolidated stockholder derivative actions against Evolv Technologies Holdings, Inc. and 24 individual defendants (directors and officers). The settlement resolves the Massachusetts federal action (In re Evolv Technologies Holdings, Inc. Stockholder Derivative Litigation, Master File No. 1:24-cv-12822-ADB), two Delaware Chancery Court actions (Bersch v. George and Patrick v. Charlton), and a pre-suit demand by shareholder Nicholas R. Ingrao. The settlement requires no payment by Evolv itself; instead, the Company's insurers will pay $1,275,000 in plaintiffs' attorneys' fees and expenses. In exchange, Evolv has agreed to implement comprehensive corporate governance reforms—including amendments to its Audit Committee Charter, Marketing Policy, Disclosure Committee Charter, and Corporate Governance Guidelines; enhanced General Counsel duties; creation of a Management-Level Compliance Committee; and annual Board discussions on revenue recognition and FTC compliance—to remain in effect for five years. The settlement is subject to final court approval at a hearing scheduled for October 21, 2026.
  https://www.sec.gov/Archives/edgar/data/1805385/0001805385-26-000040.txt

## Citations
- 0001805385-26-000040 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000180538526000040