Core Points - Enovix Corporation's common stock price has surpassed $10.50 for five consecutive trading days, with a current closing price of $15.06 per share, making the Warrants in-the-money at an exercise price of $8.75 per share [1][2][4] - The earliest expiration date for the Warrants is set for August 19, 2025, contingent upon the stock price remaining above $10.50 for an additional 15 trading days [2][4] - Enovix reserves the right to establish an Alternate Expiration Date for the Warrants, as defined in the Warrant Agreement [3][4] Company Overview - Enovix is a leader in advanced lithium-ion battery technology, focusing on proprietary cell architecture that enhances energy density and safety [6] - The company's silicon-anode batteries are designed for a variety of applications, including wearable electronics, mobile communications, industrial, and electric vehicles, addressing the demand for high-performance energy storage [6] - Enovix holds a significant portfolio of patents related to its battery design, manufacturing processes, and system integration innovations [6]