Evolv Technology appoints AlixPartners’ Dave Rawden as interim CFO after an internal investigation found inaccurate accounting for certain transactions and incorrect revenue reported between 2Q 2022 and 2Q 2024.
- CFO Mark Donohue resigned
- AlixPartners’ Dave Rawden appointed interim CFO
- Company has engaged AlixPartners to provide interim finance and accounting support
- Received on Nov. 1 a voluntary document request from the US Attorney’s Office
- Company says it is continuing to cooperate with investigations
- Investigation found that certain accounting personnel were aware of extra-contractual terms and conditions, and that related allegations were raised internally but not escalated to the audit committee or ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.