Mar 08, 2021 07:56 AM (GMT+8) · EqualOcean
According to media reports, evolv technology, the developer of new security scanning technology, will merge with spac company newhold Investment Corp. to achieve a public listing. The transaction will value the company at $1.7 billion. Evolv Tech's shareholders include Bill Gates and former Florida Governor Jeb Bush. Evolv technology is expected to earn about $470 million from the deal, the report said.