Evolv Technologies Holdings, Inc. General form of registration statement for all companies including face-amount certificate companies

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

Fair Value Measurements (Tables)

Fair Value Measurements (Tables)

6 Months Ended

11 Months Ended

12 Months Ended

Jun. 30, 2021

Dec. 31, 2020

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of financial assets and liabilities measured at fair value on a recurring basis


					Quoted Price
					Prices in
	Carrying value at		Gross Unrealized		Active Markets
Description	June 30, 2021		Holding Gains		(Level 1)
Assets:
Cash and money market funds	$	172,608,000	$	—	$	172,608,000
Total	$	172,608,000	$	—	$	172,608,000


					Quoted Price
					Prices in
	Carrying value at		Gross Unrealized		Active Markets
Description	December 31, 2020		Holding Gains		(Level 1)
Assets:
U.S. government treasury bills	$	172,579,000	$	—	$	172,579,000
Total	$	172,579,000	$	—	$	172,579,000


	Carrying				Quoted Price
	value at		Gross		Prices in
	December 31,		Unrealized		Active Markets
Description	2020		Holding Gains		(Level 1)
Assets:
Cash and money market funds	$	1,000	$	—	$	1,000
U.S. government treasury bills		172,578,000		—		172,578,000
Total	$	172,579,000	$	—	$	172,579,000

Schedule of common stock warrant liability


			Private		Warrant
	Public		Placement		Liabilities
Fair value measurement on December 31, 2020	$	12,851,000	$	8,668,000	$	21,519,000
Change in valuation inputs or other assumptions		2,070,000		1,535,000		3,605,000
Fair value as of June 30, 2021	$	14,921,000	$	10,203,000	$	25,124,000

Evolv Technologies Holdings, Inc.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis and indicate the level of the fair value hierarchy used to determine such fair values (in thousands):


	Fair Value Measurements at June 30, 2021
	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	7,982	$	—	$	—	$	7,982
Total assets measured at fair value	$	7,982	$	—	$	—	$	7,982
Liabilities:
Warrant liability	$	—	$	—	$	922	$	922
Derivative liability		—		—		20,206		20,206
Total liabilities measured at fair value	$	—	$	—	$	21,128	$	21,128


	Fair Value Measurements as of December 31, 2020
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant liability	$	—	$	—	$	1	$	1
Derivative liability		—		—		1,000		1,000
Total liabilities measured at fair value		—		—		1,001		1,001
	$	—	$	—	$	1,001	$	1,001


	Fair Value Measurements as of December 31, 2019
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant Liability	$	—	$	—	$	1	$	1
	$	—	$	—	$	1	$	1


	Fair Value Measurements at December 31, 2020
	Level 1		Level 2		Level 3		Total
Liabilities:
Warrant Liability	$	—	$	—	$	1	$	1
Derivative Liability		—		—		1,000		1,000
	$	—	$	—	$	1,001	$	1,001

Evolv Technologies Holdings, Inc. | Warrants to purchase common stock

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of common stock warrant liability

The following table provides a rollforward of the common stock warrant liability (in thousands):


Balance at December 31, 2020	$	1
Change in fair value		921
Balance at June 30, 2021	$	922

Evolv Technologies Holdings, Inc. | Derivative Liability

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]

Schedule of common stock warrant liability

The following table provides a rollforward of the derivative liability (in thousands):


Balance at December 31, 2020	$	1,000
Initial fair value of the embedded derivative		16,986
Change in fair value		2,220
Balance at June 30, 2021	$	20,206