Core Points - Enovix Corporation's common stock has traded above $10.50 for nine consecutive trading days since the distribution of warrants, with the current closing price at $10.71 per share and the warrants being $1.96 in-the-money based on an exercise price of $8.75 [1][2][3] Summary by Sections Warrants Information - The earliest expiration date for the warrants is August 19, 2025, contingent upon the common stock trading above $10.50 for 20 out of 30 trading days as per the Warrant Agreement [2] - The company has completed nine out of the required twenty trading days for early expiration, with potentially only eleven trading days remaining before the warrants become non-tradable and non-exercisable [3] Company Overview - Enovix is a leader in advanced lithium-ion battery technology, focusing on silicon-anode batteries designed for various applications, including wearable electronics, mobile communications, and electric vehicles [5] - The company's technology aims to provide higher energy density, improved safety, longer battery life, and faster charging, addressing the increasing global demand for high-performance energy storage [5] - Enovix holds a significant portfolio of issued and pending patents related to its core battery design and manufacturing processes [5] Company Operations - Enovix is headquartered in Silicon Valley and has facilities in India, South Korea, and Malaysia [6]