Enovix Announces Pricing Of $300 Mln Convertible Senior Notes, Stock Down In Pre-Market

Enovix Corp. (ENVX), Thursday announced the pricing of $300 million aggregate principal amount of 4.75 percent convertible senior notes due 2030 in a private placement.Notably, the initial conversion rate is 89.2160 shares of Enovix common stock per $1,000 principal amount of notes.The company intends to use the proceeds primarily for corporate-related purposes, which may include to fund a portion of the purchase price for potential acquisitions.Additionally, the company is offering an additional option to ...