Evolv says targeted by short sellers, ‘corrects misinformation’

Evolv stated in a press release: “Evolv Technology was founded in 2013 as a next-generation physical security company committed to making the world a safer place. Over a decade later, and with the trust of former leaders of the Central Intelligence Agency, Department of Homeland Security, Federal Bureau of Investigation, Department of Defense, New York Police Department, Office of National Intelligence, Transportation Security Administration, and United States Secret Service, the Company has partnered with hundreds of seasoned security professionals as valued customers. They have vetted and selected Evolv as part of their safety plans due to its performance attributes and track record of balancing accurate detection with a positive security experience for patrons – not because of any advertisement or marketing campaign. Many of these professionals test Evolv products in their operating environment before deployment. Evolv is proud to say that its Express solution has been used to screen over 1 billion visitors, and is used to detect, on average, hundreds of firearms every day across its rapidly growing customer base. Over the past year, Evolv believes it has been the target of a short seller campaign, coordinating with certain media outlets, who are incentivized to discredit the company, misrepresent facts, and promote misinformation. Short sellers essentially bet on, and profit from, a drop in a company’s share price.”