Duke University's contactless security system developer agrees to list through a reverse takeover, providing an exit to OUP.

Evolv Technology, a US-based touchless screening technology spinout of Duke University that is backed by venture capital firm Osage University Partners (OUP), agreed a reverse takeover with special purpose acquisition company NewHold Investment Corp on Monday. The transaction will give the merged company a post-transaction pro forma enterprise value of $1.25bn and the spot on…

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