Workflow
Enovix Announces Proposed Public Offering of Common Stock
ENVXEnovix (ENVX) GlobeNewswire News Room·2024-10-30 20:01

FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation ("Enovix") (NASDAQ: ENVX), a global high-performance battery company, today announced that it has commenced an underwritten public offering of 100.0millionofsharesofitscommonstock,subjecttomarketandotherconditions.Inconnectionwiththeoffering,Enovixexpectstogranttheunderwritera30dayoptiontopurchaseuptoanadditional100.0 million of shares of its common stock, subject to market and other conditions. In connection with the offering, Enovix expects to grant the underwriter a 30-day option to purchase up to an additional 15.0 million of the shares of common stock offered in the public offering. There can be no ...