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

Group 1 - Enovix Corp. announced the pricing of $300 million aggregate principal amount of 4.75 percent convertible senior notes due 2030 in a private placement [1] - The initial conversion rate is set at 89.2160 shares of Enovix common stock per $1,000 principal amount of notes [1] - The proceeds from the offering will primarily be used for corporate-related purposes, potentially including funding a portion of the purchase price for acquisitions [1] Group 2 - The company is offering an additional option for initial purchasers to buy up to $60 million aggregate principal amount of notes within a 13-day period starting from the issuance date [2] - The offering is expected to close on September 15, 2025 [3] - In pre-market trading, Enovix Corp. shares are priced at $7.65, reflecting a decline of 16.39 percent on the Nasdaq [3]