Core Points - Enovix Corporation's common stock has traded above $10.50 for 17 consecutive trading days since the distribution of warrants, with the current closing price at $10.98 per share and the warrants being $2.23 in-the-money based on an exercise price of $8.75 [1][3] - The warrants could expire early if the stock trades at or above $10.50 for 20 out of 30 trading days, with the earliest expiration date being August 19, 2025 [2] - Approximately 7.8 million warrants have been exercised, generating about $68.5 million in gross proceeds for the company [3] Warrant Exercise Process - The company plans to implement a process for warrant holders to cash exercise their warrants using a Notice of Guaranteed Delivery, requiring submission and payment before the expiration date [4] - Warrant holders are encouraged to act promptly as processing procedures may vary by broker [4] Company Overview - Enovix is a leader in advanced lithium-ion battery technology, focusing on silicon-anode batteries designed for various applications, including wearable electronics and electric vehicles [7] - The company is headquartered in Silicon Valley and has facilities in India, South Korea, and Malaysia [8]