Enovix Corporation announced satisfaction of the alternate price condition for its warrants traded on Nasdaq under ENVXW.
The warrants must be exercised before 5:00 p.m. New York City Time on Friday, August 29, 2025, with approximately 12.6 million warrants already exercised generating $110.1 million in gross proceeds.
The last day of warrant trading on Nasdaq is scheduled for Friday, August 29, 2025.
Price Condition Met
The alternate price condition for the Company warrants was satisfied on August 28, 2025, in accordance with the Warrant Agreement.
Warrant Expiration
Warrants stop trading on Nasdaq on August 29, 2025, at 4:00 p.m. New York City time, and must be exercised by 5:00 p.m. New York City time on the same day at an exercise price of $8.75 per warrant.
Warrant Exercises
Approximately 12.6 million warrants have been exercised generating $110.1 million in gross proceeds for the Company, with further proceeds expected as additional warrants are exercised.
- The successful completion of the alternate price condition for the warrants reflects investor confidence in Enovix Corporation's battery technology.
- Enovix's ability to raise significant gross proceeds through warrant exercises highlights market interest in advanced silicon battery technology.
Enovix Corporation's announcement of warrant exercise and satisfaction of price conditions signifies a positive development for the company, demonstrating strong investor support and generating substantial proceeds.