NewHold Investment Corp., (NASDAQ: NHIC) and Evolv Technology
(“Evolv”), the leader in AI touchless screening, today announced
that Peter George, CEO of Evolv, and Peter Faubert, CFO of Evolv,
will be presenting virtually at the CJS Securities Summer New Ideas
Conference on Tuesday, July 13th, at 8:45 AM ET. Interested parties
may access the live webcast here or by visiting
https://nhicspac.com/investors. If you are an accredited investor
interested in setting up a meeting with management, please contact
your CJS Securities representative.
About Evolv Technology
Evolv Technology is the world’s leading provider of AI touchless
security screening systems that enhance safety without sacrificing
the visitor, student and employee experience. Built on top of its
Evolv Cortex AI™ software platform, the company provides an array
of AI touchless screening technologies for weapons detection,
identity verification and health-related threats.
Led by a team of security industry leaders with a track record
for delivering first-to-market products, Evolv’s investors include
Finback Investment Partners, DCVC, General Catalyst Partners, Lux
Capital, SineWave Ventures, Motorola Solutions and STANLEY
Ventures. The company’s partners include Motorola Solutions,
STANLEY Security and Johnson Controls. Evolv Express® has earned
industry accolades such as the 2020 Edison Awards™, two Campus
Safety 2020 BEST Awards, Campus Security & Life Safety
magazine’s Secure Campus 2020 Awards and Best Places to Work by
Inc. Magazine and Built in Boston.
In March 2021, Evolv entered into a definitive agreement for a
business combination with NewHold Investment Corp. (NASDAQ: NHIC)
in a transaction that would result in Evolv becoming a U.S.
publicly listed entity. The transaction is expected to close
shortly after the second quarter of 2021, subject to satisfaction
of customary closing conditions. For more information visit
nhicspac.com.
Evolv Technology, Evolv Express®, and Evolv Cortex AI™ are
registered trademarks or trademarks of Evolv Technologies, Inc. in
the United States and other jurisdictions.
For more information, visit https://evolvtechnology.com.
About NewHold Investment Corp.
NewHold Investment Corp. is a blank check company formed in 2020
for the purpose of effecting a merger, capital stock exchange,
asset acquisition, stock purchase, reorganization or similar
business combination with one or more businesses. While the Company
may pursue a business combination target in any business or
industry, it focuses on identifying businesses in the industrial
technology sector. For more information visit
https://nhicspac.com.
Important Information for Investors and Stockholders
This document relates to a proposed transaction between NewHold
and Evolv. This document does not constitute an offer to sell or
exchange, or the solicitation of an offer to buy or exchange, any
securities, nor shall there be any sale of securities in any
jurisdiction in which such offer, sale or exchange would be
unlawful prior to registration or qualification under the
securities laws of any such jurisdiction. NewHold has filed a
registration statement on Form S-4 with the SEC, which includes a
document that will serve as a prospectus and proxy statement of
NewHold, referred to as a proxy statement/prospectus. A proxy
statement/prospectus will be sent to all NewHold stockholders.
NewHold also will file other documents regarding the proposed
transaction with the SEC. Before making any voting decision,
investors and security holders of NewHold are urged to read the
registration statement, the proxy statement/prospectus and all
other relevant documents filed or that will be filed with the SEC
in connection with the proposed transaction as they become
available because they will contain important information about the
proposed transaction.
Investors and security holders will be able to obtain free
copies of the registration statement, the proxy
statement/prospectus and all other relevant documents filed or that
will be filed with the SEC by NewHold through the website
maintained by the SEC at www.sec.gov. Alternatively, these
documents, when available, can be obtained free of charge from
NewHold upon written request to NewHold Investment Corp., c/o
NewHold Enterprises, LLC, 52 Vanderbilt Avenue, Suite 2005, New
York, New York 10017, Attn: Charlie Baynes-Reid, or by calling
(212) 653-0153, or by email at info@newholdllc.com.
Participants in the Solicitation
NewHold and Evolv and their respective directors and executive
officers may be deemed to be participants in the solicitation of
proxies from NewHold’s stockholders in connection with the proposed
transaction. A list of the names of the directors and executive
officers of NewHold and information regarding their interests in
the business combination will be contained in the proxy
statement/prospectus when available. You may obtain free copies of
these documents as described in the preceding paragraph.
This communication does not constitute an offer to sell or the
solicitation of an offer to buy any securities or a solicitation of
any vote or approval, nor shall there be any sale of any securities
in any state or jurisdiction in which such offer, solicitation, or
sale would be unlawful prior to registration or qualification under
the securities laws of such other jurisdiction.
Forward-Looking Statements
This document contains certain forward-looking statements within
the meaning of the federal securities laws with respect to the
proposed transaction between NewHold Investment Corp. (“NewHold”)
and Evolv Technologies, Inc. (“Evolv”). These forward-looking
statements generally are identified by the words “believe,”
“project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this document, including but not
limited to: (i) the risk that the transaction may not be completed
in a timely manner or at all, which may adversely affect the price
of NewHold’s securities, (ii) the failure to satisfy the conditions
to the consummation of the transaction, including the adoption of
the Agreement and Plan of Merger, dated as of March 5, 2021 (the
“Merger Agreement”), by and among NewHold, Evolv and NHIC Merger
Sub Inc., a Delaware corporation and a direct wholly owned
subsidiary of NewHold, by the stockholders of NewHold, the
satisfaction of the minimum trust account amount following
redemptions by NewHold’s public stockholders and the receipt of
certain governmental and regulatory approvals, (iii) the lack of a
third party valuation in determining whether or not to pursue the
transaction, (iv) the inability to complete the PIPE investment in
connection with the transaction, (v) the occurrence of any event,
change or other circumstance that could give rise to the
termination of the Merger Agreement, (vi) the effect of the
announcement or pendency of the transaction on Evolv Aviation’s
business relationships, operating results and business generally,
(vii) risks that the proposed transaction disrupts current plans
and operations of Evolv and potential difficulties in Evolv
employee retention as a result of the transaction, (viii) the
outcome of any legal proceedings that may be instituted against
Evolv or against NewHold related to the Merger Agreement or the
transaction, (ix) the ability to maintain the listing of NewHold’s
securities on a national securities exchange, (x) the price of
NewHold’s securities may be volatile due to a variety of factors,
including changes in the competitive and highly regulated
industries in which NewHold plans to operate or Evolv operates,
variations in operating performance across competitors, changes in
laws and regulations affecting NewHold’s or Evolv’s business and
changes in the combined capital structure, (xi) the ability to
implement business plans, forecasts, and other expectations after
the completion of the transaction, and identify and realize
additional opportunities, and (xii) the risk of downturns and a
changing regulatory landscape in Evolv’s highly competitive
industry. The foregoing list of factors is not exhaustive. You
should carefully consider the foregoing factors and the other risks
and uncertainties described in the “Risk Factors” section of
NewHold’s registration on Form S-1 (File No. 333-239822), the
registration statement on Form S-4 discussed above and other
documents filed by NewHold from time to time with the SEC. These
filings identify and address other important risks and
uncertainties that could cause actual events and results to differ
materially from those contained in the forward-looking statements.
Forward-looking statements speak only as of the date they are made.
Readers are cautioned not to put undue reliance on forward-looking
statements, and except as required by law NewHold and Evolv assume
no obligation and do not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Neither NewHold nor Evolv gives any
assurance that either NewHold or Evolv or the combined company will
achieve its expectations.
Any financial projections in this communication are
forward-looking statements that are based on assumptions that are
inherently subject to significant uncertainties and contingencies,
many of which are beyond NewHold’s and Evolv’s control. While all
projections are necessarily speculative, NewHold and Evolv believe
that the preparation of prospective financial information involves
increasingly higher levels of uncertainty the further out the
projection extends from the date of preparation. The assumptions
and estimates underlying the projected results are inherently
uncertain and are subject to a wide variety of significant
business, economic and competitive risks and uncertainties that
could cause actual results to differ materially from those
contained in the projections. The inclusion of projections in this
communication should not be regarded as an indication that NewHold
and Evolv, or their representatives, considered or consider the
projections to be a reliable prediction of future events.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210712005215/en/
Media Contacts:
For Evolv Technology: Investor Contact: Michael Bowen and
Ryan Gardella EvolvIR@icrinc.com
Media Contact: Jed Hamilton EvolvPR@icrinc.com
For NewHold Investment Corp.: Investor & Media
Contact: Amanda Tarplin amanda@tarplinconsulting.com
NewHold Investment Corpo... (NASDAQ:NHIC)
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