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Stock impact report

Enovix Announces Pricing of Public Offering of Common Stock

Enovix Corporation (ENVX) 
Company Research Source: GlobeNewswire
FREMONT, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (NASDAQ: ENVX), a global high-performance battery company, today announced the pricing of an underwritten public offering of 10,416,667 shares of its common stock for total gross proceeds of $100 million before deducting underwriting discounts and commissions and estimated offering expenses payable by Enovix. The offering is expected to close on November 1, 2024, subject to satisfaction of customary closing conditions. All of the shares of common stock in the offering will be sold by Enovix. Enovix has granted the underwriter a 30-day option to purchase up to an additional 1,562,500 shares of its common stock offered in the public offering, at the public offering price, less underwriting discounts and commissions. Cantor Fitzgerald & Co. is acting as sole book-running manager for the offering. The underwriter may offer the shares from time to time for sale in one or more transactions on the Nasdaq Gl Show less Read more
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