Enovix (US:ENVX) Benzingaยท2025-09-10 21:15Group 1 - Enovix Corp. announced its intent to offer $300 million aggregate principal amount of convertible senior notes due 2030, which led to a decline in its shares during extended trading [1] - The company will grant initial purchasers of the notes an option to purchase up to an additional $60 million aggregate principal amount [1] - Enovix shares fell 12.9% to $7.97 during publication, reflecting a broader trend affecting lithium battery-related companies [3] Group 2 - A portion of the net proceeds from the offering is expected to be used to pay for capped call transactions related to the offering [2] - Enovix shares experienced a dip alongside other lithium battery companies due to reports that Contemporary Amperex Technology is set to resume mining operations at the Jianxiawo mine in China [2]