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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.
The retired Air Force general announced as the next chairman of the Joint Chiefs of Staff by President Donald Trump after the abrupt Friday night firing of his predecessor is a respected career F-16 pilot who is described by current and former officials who served with him as a professional with a “strong moral center.”
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Over the past 10 days, Vice President JD Vance put Ukrainian President Volodymyr Zelensky on notice, rattled the confidence of century-old allies in Western Europe during his first foreign trip, decamped to Capitol Hill to help in delicate budget talks and delivered a spirited defense of the Trump administration’s first month to a gathering of conservatives outside the nation’s capital.