Evolv SPAC Presentation Deck

Select Peers Valuation Benchmarking EV/ Revenue EV / EBITDA Assumes an Enterprise Value of $1.3B evolv technology 3.9x 24E T3 13.8x 24E T3 2.2x 25E T4 5.6x 25E T4 evolv technology I I I I I I 1 I I I 1 I I I i I 1 I 1 I I 1 I I T I 1 1 I 1 I 1 I I I I T I I I 1 Security Technology & Analytics 8.8x 21E 30.6x 21E Security Technology & Analytics (Median) Disruptive SPACS 11.0x 7.2x 24E 25E T4 T5 55.4x 25.6x 24E 25E T4 T5 A AppHarvest 4.6x 24E T3 15.2x 24E T3 2.4x 25E T4 5.2x 25E T4 ASTRA 6.8x 24E T4 78.2x 24E T4 4.7x 25E T5 37.8x 25E T5 -chargepoin+ 7.3x 24E T4 31.9x 24E T4 4.5x 25E T5 15.9x 25E T5 DI Desktop Metal 2.2x 24E 25E T4 T5 6.4x 1.3x 24E T4 2.2x 25E T5 MOMENTUS 21.5x 24E T4 71.4x 24E T4 10.7: Source: Capital IQ and Company filings as of March 1, 2021. AppHarvest, Astra, Chargepoint, Desktop Metal, Momentus, Luminar, and Velodyne Revenue and EBITDA per management estimates. Astra EV based on Holicity Inc. (NASDAQ:HOL), and Momentus EV based on Stable Road Acquisition Corp. (NASDAQ:SRAC). Note: "NA" denotes metrics that are not available. 25E T5 25E T5 LUMINAR 24.7x 3.9x 24E 25E T4 T5 17.8x ΝΑ 24E T4 ΝΑ 25E T5 Velodyne LIDAR. Traditional Detection Equipment 1.7x 21E 12.7x 21E Traditional Detection Equipment (Median) 35

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