Evolv (EVLV) Technologies announced it received an expected delinquency notification letter from Nasdaq on April 16. The notice indicated non-compliance with Nasdaq Listing Rule 5250(c)(1) due to the delayed filing of its Annual Report on Form 10-K for the period ended December 31, 2024. The delay relates to an internal investigation affecting revenue recognition and requiring restatements. Nasdaq requires an updated compliance plan by May 1, and any exception to regain compliance with all delinquent filings is limited to May 19. The company is working to complete and file both its Annual Report and its Q3 2024 Form 10-Q.
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