Enovix Shareholder Second Reminder: Early Warrant Expiration Price Condition

Core Points - Enovix Corporation's common stock has traded above $10.50 for 14 consecutive trading days since the distribution of warrants, with the current closing price at $10.78 per share, up from $10.70 the previous week [1][3] - The warrants, which have an exercise price of $8.75 per share, are currently $2.03 in-the-money [1] - If the stock remains above $10.50 for 20 out of 30 trading days, the warrants could expire as early as the next business day after meeting this condition [2] Company Performance - Approximately 6.1 million warrants have been exercised, generating about $53.6 million in gross proceeds for the company [3] - The company has received significant exercise notices from shareholders, which supports its strategic priorities while preserving ownership for long-term shareholders [4] Future Expectations - The company plans to provide further updates regarding the early expiration price condition as it develops [5] - Warrant holders are encouraged to act promptly to ensure their warrants are traded or exercised before the expiration date [4]