FREMONT, Calif., July 21, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Company” or “Enovix”), a global high-performance battery company, today announced that it will distribute warrants to purchase Enovix common stock (“Warrants”) to its shareholders and certain convertible noteholders on Monday, July 21, 2025 (the “Distribution Date”), in accordance with the previously declared shareholder warrant dividend. As previously announced, each stockholder of record as of July 17, 2025 (the “Record ...

Answers questions related to margin accounts, eligibility mechanics, and trading logisticsFREMONT, Calif., July 15, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX) (“Company” or “Enovix”), a global high-performance battery company, today released a supplemental Frequently Asked Question (FAQ) document relating to the previously announced warrant dividend distribution. The supplemental FAQ provides important clarifications on logistical and eligibility-related topics raised by shareholders and bro ...

Core Viewpoint - Enovix Corporation announced a special dividend in the form of warrants to common stockholders, coinciding with the launch of its AI-1™ battery platform, aimed at enhancing shareholder value and providing a financing opportunity for future growth [1][5]. Warrant Distribution Details - Stockholders will receive one warrant for every seven shares held as of July 17, 2025, with the distribution expected around July 21, 2025 [2][6]. - Holders of the 3.00% convertible senior notes due 2028 will also receive warrants based on the same ratio [7]. - Each warrant allows the purchase of one share of common stock at an exercise price of $8.75, and the warrants will be listed on the Nasdaq under the ticker ENVXW [3][4]. Financial Implications - The transaction could raise up to $253.8 million in gross proceeds, with equity issued at an approximate 12% premium to the trailing 60-day volume-weighted average price [4]. - The dividend is designed to provide immediate shareholder value while allowing the company to raise capital efficiently without dilution [9]. Strategic Context - The announcement follows the launch of the AI-1™ platform, which is intended for next-generation smartphones requiring higher energy storage and power for AI functions [5]. - The proceeds from potential warrant exercises could support the scale-up of Fab2, accelerate customer ramps, and advance strategic priorities [9][18]. Expiration Conditions - The warrants will expire on October 1, 2026, unless the Early Expiration Price Condition is met, which requires the VWAP of the common stock to equal or exceed $10.50 for 20 out of 30 consecutive trading days [10]. Company Overview - Enovix is a leader in lithium-ion battery technology, focusing on high-performance energy storage solutions with proprietary 3D cell architecture [14].

M-tron Industries, Inc. (NYSE:MPTI) Q4 2024 Earnings Conference Call February 27, 2025 10:00 AM ET Company Participants Linda Biles - EVP of Finance and CAO Cameron Pforr - Interim CEO Conference Call Participants Anja Soderstrom - Sidoti & Company James Tivy - Operator Thank you for standing by. My name is Kathleen, and I will be your conference operator today. At this time, I would like to welcome everyone to the M-tron Investor Update. [Operator Instructions] I would now like to turn the call over to Mr ...