Core Viewpoint - Enovix Corporation has announced the early expiration of its warrants, which must be exercised by 5:00 p.m. New York City time on August 29, 2025, following the achievement of a volume-weighted average price (VWAP) of its common stock exceeding $10.50 [1][4] Summary by Sections Warrant Exercise Details - The warrants will cease trading on Nasdaq at 4:00 p.m. New York City time on August 29, 2025, and must be exercised by 5:00 p.m. on the same day, provided the VWAP of the common stock is at least $8.75 for the two trading days prior to expiration [2] - Each warrant can be exercised for one share of common stock at an exercise price of $8.75, with approximately 12.3 million warrants already exercised, generating about $107.5 million in gross proceeds [3][4] Company Statements - Raj Talluri, President and CEO, emphasized that reaching the early expiration trigger reflects strong shareholder confidence and highlights the momentum behind Enovix's advanced battery technology [4] - Ryan Benton, CFO, noted the achievement strengthens the company as it ramps up production and commercialization activities, laying the foundation for sustainable growth [4] Additional Information for Warrant Holders - The company has implemented a process allowing warrant holders to cash-exercise their warrants using a Notice of Guaranteed Delivery if their financial institution cannot complete the exercise in time [5] - Warrant holders must submit the Notice and payment before the 5:00 p.m. deadline on August 29, 2025, to ensure their warrants are exercised [5] Company Overview - Enovix is a leader in lithium-ion battery technology, focusing on silicon-anode batteries designed for various applications, including wearable electronics and electric vehicles [8] - The company's technology aims to provide higher energy density and improved safety, addressing the growing demand for high-performance energy storage solutions [8]

Core Viewpoint - Enovix Corporation is distributing warrants to purchase common stock to shareholders and certain convertible noteholders, reflecting confidence in the company's long-term value as it scales production and enhances battery performance [1][2] Warrant Distribution Details - The distribution date for the warrants is July 21, 2025, with shareholders of record as of July 17, 2025, receiving one warrant for every seven shares held [1][6] - Holders of Enovix's 3.00% Convertible Senior Notes due 2028 will also receive warrants based on the same ratio [6] Warrant Terms and Conditions - The warrants will expire at 5:00 p.m. New York City time on October 1, 2026, unless an early expiration condition is triggered [6] - The early expiration condition requires the volume-weighted average price (VWAP) of Enovix common stock to equal or exceed $10.50 for any 20 out of 30 trading days following the distribution date [4][6] - If the early expiration condition is met, the warrants could expire as early as August 19, 2025 [4] Company Overview - Enovix is a leader in lithium-ion battery technology, focusing on higher energy density and improved safety through its proprietary cell architecture [6][7] - The company's silicon-anode batteries are designed for various applications, including wearable electronics and electric vehicles, addressing the growing demand for high-performance energy storage [7]

Core Points - Enovix Corporation is distributing warrants to shareholders, with one warrant for every seven shares held as of July 17, 2025 [2] - Shareholders holding Enovix stock in margin accounts may face limitations regarding warrant eligibility, particularly due to brokerage practices [9] Group 1: Warrant Distribution Details - Stockholders will receive one warrant for each seven shares of common stock held, rounded down for fractional warrants [2] - Holders of Convertible Notes will also receive warrants based on the same ratio, with each $1,000 face amount of Convertible Notes yielding 9.1543 warrants [3] - The warrants can be exercised for cash as specified in the warrant agreement, which will be filed with the SEC by the distribution date [4] Group 2: Expiration Conditions - The Early Expiration Price Condition will be satisfied if the VWAP of the common stock equals or exceeds $10.50 for 20 out of 30 consecutive trading days [5] - If the Early Expiration Price Condition is met, warrants will expire the next business day; otherwise, they will expire on October 1, 2026 [6] Group 3: Company Overview - Enovix is a leader in lithium-ion battery technology, focusing on high energy density and safety through its proprietary 3D cell architecture [7] - The company's silicon-anode batteries are designed for various applications, including wearable electronics and electric vehicles, supporting the demand for high-performance energy storage [7]