EVOLV TECHNOLOGIES HOLDINGS INC.

Notice of Pendency of Class Action: Please be advised that your rights may be affected if you purchased and/or otherwise acquired the publicly traded common stock of Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) f/k/a NewHold Investment Corp. (“NHIC”) between June 28, 2021 and
October 25, 2024, both dates inclusive (the “Settlement Class Period”), and/or purchased or otherwise acquired Evolv common stock pursuant to Evolv’s Registration Statement,2 and who were damaged thereby.

Relevant Securities: Please be further advised that securities at issue in this litigation are: (i) Evolv Technologies, Inc. securities that were converted into Evolv common stock (ticker symbol “EVLV”) as part of the Business
Combination; (ii) publicly traded Evolv common stock that was purchased or otherwise acquired during the period from June 28, 2021 through October 25, 2024, inclusive, which includes (a) publicly traded Evolv common stock
(ticker symbol “NHIC”) that was purchased or acquired from after the opening of trading on June 28, 2021, through and including the close of trading on July 16, 2021, and (b) publicly traded Evolv common stock (ticker symbol “EVLV”) that was purchased or acquired after the opening of trading on July 19, 2021, through and including the close of trading on October 25, 2024; and (iii) NewHold Investment Corp. units (ticker symbol “NHICU”) that were purchased or acquired from after the opening of trading on June 28, 2021, through and including the close of trading on July 16, 2021, solely with respect to the common stock component of such units and not with respect to any warrants included in those units.

Notice of Settlement: Please also be advised that the Court-appointed lead plaintiff Robert Falk (“Lead Plaintiff”) and named plaintiffs Chris Williams, Tim R. Carrillo and Chris Swanson (collectively, with Lead Plaintiff, “Plaintiffs”),
on behalf of themselves and the Settlement Class (as defined in ¶ 25 below), have reached a proposed settlement of the Action for $15,000,000 in cash that, if approved, will resolve all claims in the Action (the “Settlement”)