Enovix (US:ENVX) Globenewswireยท2025-07-15 12:45Core Points - Enovix Corporation is distributing warrants to shareholders, with one warrant for every seven shares held as of July 17, 2025 [2] - Shareholders holding Enovix stock in margin accounts may face limitations regarding warrant eligibility, particularly due to brokerage practices [9] Group 1: Warrant Distribution Details - Stockholders will receive one warrant for each seven shares of common stock held, rounded down for fractional warrants [2] - Holders of Convertible Notes will also receive warrants based on the same ratio, with each $1,000 face amount of Convertible Notes yielding 9.1543 warrants [3] - The warrants can be exercised for cash as specified in the warrant agreement, which will be filed with the SEC by the distribution date [4] Group 2: Expiration Conditions - The Early Expiration Price Condition will be satisfied if the VWAP of the common stock equals or exceeds $10.50 for 20 out of 30 consecutive trading days [5] - If the Early Expiration Price Condition is met, warrants will expire the next business day; otherwise, they will expire on October 1, 2026 [6] Group 3: Company Overview - Enovix is a leader in lithium-ion battery technology, focusing on high energy density and safety through its proprietary 3D cell architecture [7] - The company's silicon-anode batteries are designed for various applications, including wearable electronics and electric vehicles, supporting the demand for high-performance energy storage [7]