General form of registration statement for all companies including face-amount certificate companies

Long-term Debt (Tables)

v3.21.2
Long-term Debt (Tables) - Evolv Technologies Holdings Inc [Member]
3 Months Ended 12 Months Ended
Mar. 31, 2021
Dec. 31, 2020
Summary of components of long-term debt

The components of the Company’s long-term debt consisted of the following (in thousands)

 

 

 

 

 

 

 

 

 

    

March 31, 

    

December 31, 

 

 

2021

 

2020

Term loans payable

 

$

10,000

 

$

10,000

Revolving line of credit outstanding

 

 

5,421

 

 

3,550

Convertible note

 

 

27,632

 

 

3,000

Less: Unamortized discount

 

 

(114)

 

 

(118)

 

 

 

42,939

 

 

16,432

Less: Current portion of long-term debt

 

 

24,515

 

 

 —

Long-term debt, net of discount

 

$

18,424

 

$

16,432

 

The components of the Company’s long-term debt consisted of the following (in thousands)

 

 

 

 

 

 

 

 

 

December 31, 

 

    

2020

    

2019

Term loans payable

 

$

10,000

 

$

3,419

Revolving line of credit outstanding

 

 

3,550

 

 

 —

Convertible note

 

 

3,000

 

 

 —

Less: Unamortized discount

 

 

(118)

 

 

 —

 

 

 

16,432

 

 

3,419

Less: Current portion of long-term debt

 

 

 —

 

 

(3,419)

Long-term debt, net of discount

 

$

16,432

 

$

 —

 

Summary of future principal payments on long-term debt

As of March 31, 2021, future principal payments on long-term debt are as follows (in thousands):

 

 

 

 

 

Year Ending December 31,

    

    

 

2021 (remaining nine months)

 

$

24,515

2022

 

 

7,871

2023

 

 

7,000

2024

 

 

3,667

 

 

$

43,053

 

As of December 31, 2020, future principal payments on long-term debt are as follows (in thousands):

 

 

 

 

Year Ending December 31:

    

 

 

2021

 

$

 —

2022

 

 

5,883

2023

 

 

7,000

2024

 

 

3,667

 

 

$

16,550