Evolv Technologies, Inc. announced that it has entered into a subscription agreement for private placement of 30,000,000 shares at a price of $10 per share for gross proceeds of $300,000,000 on March 5, 2021. The transaction will include participation from UBS O'Connor LLC, Senator Investment Group LP, Magnetar Capital, LLC, Motorola Solutions, Inc., Eldridge Industries LLC, and star athletes, franchise owners including Peyton Manning, Andre Agassi, Steffi Graf, Joe Torre, Theo Epstein, Tony Ressler, Mark Attanasio and Bennett Rosenthal. The transaction is expected to close in quarter 2, 2021.