Crowd-safety firm backed by Bill Gates and Peyton Manning makes Wall Street debut
CNN
A security company that uses artificial intelligence and advanced sensors technology to screen for threats at theme parks, sports stadiums and other large venues, is going public.
Evolv Technology, which announced plans in March to merge with blank check special purpose acquisition company NewHold Investment Corp., completed its SPAC deal Friday and will begin trading Monday on the Nasdaq under the ticker symbol EVLV. The company is raising about $385 million from the deal and is valued at $1.7 billion. Evolv, whose customers include Six Flags (SIX), casino company Wynn (WYNN), New York City's Lincoln Center and baseball's Chicago Cubs, sells software on a subscription basis that is designed to help detect whether someone is carrying a gun, knife or other weapon.More Related News
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