.
MergerLinks Header Logo

Announced

Completed

Evolv Technology went public via the merger with NewHold Investment in a $1.3bn deal.

Financials

Edit Data
Transaction Value£995m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

De-SPAC

Merger

Reverse Takeover

CROWD-SAFETY

Security Services

Private

Majority

Private Equity

Friendly

Single Bidder

United States

Domestic

Acquisition

Completed

Synopsis

Edit

Evolv Technology, an AI touchless security screening company, went public via the merger with NewHold Investment, a SPAC, in a $1.3bn deal. All current Evolv stockholders, including Bill Gates, Lux Capital, General Catalyst, DCVC, SineWave Ventures, Motorola Solutions, STANLEY Ventures, and Finback Investment Partners, retained their equity holdings through closing. The transaction included a PIPE investment, anchored by Motorola Solutions, Magnetar Capital, Eldridge, Senator Investment Group and UBS O’Connor, and star athletes, franchise owners and managers including Peyton Manning, Andre Agassi, Steffi Graf, Joe Torre, Theo Epstein, Tony Ressler, Mark Attanasio and Bennett Rosenthal. “This transaction will provide Peter and the Evolv team with the capital to continue to develop the leading technologies that will make people safer and make their lives more convenient," Kevin Charlton, NewHold Investment CEO. On July 15, 2021; NewHold Investment shareholders approve the $1.3bn business combination with Evolv Technology.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US