Enovix Corporation
11.68-0.49 (-4.03%)
Oct 28, 4:00:01 PM EDT · NasdaqGS · ENVX · USD
Key Stats
Market Cap
2.65BP/E (TTM)
-Basic EPS (TTM)
-0.67Dividend Yield
0%Recent Filings
8-K
Enovix raises $360M via convertibles
Enovix Corporation completed a $360 million private offering of 4.75% Convertible Senior Notes due 2030 on September 10, 2025, yielding net proceeds of $348.6 million after fees and capped call costs. The notes mature September 15, 2030, with an initial conversion rate of 89.2160 shares per $1,000 at $11.21 per share, a 22.5% premium to the closing price. Funds will support general corporate purposes, including potential battery ecosystem acquisitions eyed for EBITDA accretion within 12 months. Yet dilution looms if conversions spike.
8-K
Warrant Dividend Funds Growth
Enovix Corporation completed its warrant dividend distribution on September 9, 2025, securing $232 million in gross proceeds to fuel Fab2 ramp-up in Malaysia and growth initiatives, boosting pro forma cash to $370 million. This follows Q2 2025 results with revenue doubling to $7.5 million year-over-year and non-GAAP gross margin hitting 31%, marking three straight profitable quarters. Samples of the AI-1 silicon-anode battery, boasting over 900 Wh/L density, shipped to seven top smartphone OEMs. Capital strengthens commercialization amid AI-driven power demands.
8-K
Warrant Program Delivers $232M Boost
Enovix Corporation wrapped up its warrant dividend program on August 29, 2025, with 26.5 million warrants exercised, injecting $232.1 million in gross proceeds to bolster its capital. This cash influx will accelerate Fab2 production and scale silicon-anode battery tech, while eyeing battery ecosystem acquisitions. Private warrants adjusted to $10.66 exercise price. The company repurchased 5,437,556 shares under its program. Funds fuel growth, yet risks lurk in forward plans.
8-K
Warrants set to expire
Enovix Corporation satisfied the alternate price condition for its ENVXW warrants on August 28, 2025, electing August 29 as the expiration date, after which unexercised warrants become void. Trading halts at 4:00 p.m. ET that day, with exercises due by 5:00 p.m. ET at $8.75 per share. Already, 12.6 million warrants yielded $110.1 million in gross proceeds, bolstering the battery tech firm's capital amid tight deadlines. Warrants expire tomorrow.
8-K
Warrants expire early August 29
Enovix Corporation announced on August 28, 2025, that its common stock VWAP exceeded $10.50 for the required trading days, triggering the early expiration of its warrants under the July 21, 2025 Warrant Agreement. The company elected August 29, 2025, as the alternate expiration date, with trading halting at 4:00 p.m. and exercises due by 5:00 p.m. New York time, provided the stock VWAP stays at least $8.75 for the prior two days. Already, 12.3 million warrants have been exercised for $107.5 million in gross proceeds, bolstering funds to scale silicon-anode battery production amid rising demand. Warrants expire irrevocably after 5:00 p.m.
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