Enovix Completes $100 Million Equity Offering
Enovix Corporation (ENVX)
Company Research
Source: GlobeNewswire
FREMONT, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Enovix Corporation (“Enovix”) (Nasdaq: ENVX), a global high-performance battery company, announced today that it completed a secondary equity offering. On Friday November 1, the Company received approximately $96 million dollars net of fees related to the transaction. As a result, the Company now expects to close 2024 with cash levels of approximately $245 million, compared to the prior expectation of $150 million. Enovix’s CEO Raj Talluri commented, “As we disclosed on our third quarter earnings call, we have multiple mass production commitments in 2025, and a growing pipeline for 2026. Now we can build on this momentum with a stronger balance sheet that gives us optionality for funding additional high-volume production lines. I am excited by our prospects as we look ahead to 2025.” About Enovix Enovix is on a mission to deliver high-performance batteries that unlock the full potential of technology products. Everything fr
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ENVX
News
- How Deep Tech Innovations Are Revolutionizing Warehousing, Energy, And EV Infrastructure In 2025 [Forbes]Forbes
- Enovix Corporation (ENVX): A Bull Case Theory [Yahoo! Finance]Yahoo! Finance
- Enovix Full Year 2024 Earnings: Revenues Beat Expectations, EPS In Line [Yahoo! Finance]Yahoo! Finance
- Enovix Co. (NASDAQ: ENVX) had its price target lowered by analysts at Craig Hallum from $20.00 to $18.00. They now have a "buy" rating on the stock.MarketBeat
- Enovix Co. (NASDAQ: ENVX) had its "overweight" rating re-affirmed by analysts at Cantor Fitzgerald. They now have a $30.00 price target on the stock.MarketBeat
ENVX
Earnings
- 2/19/25 - Beat
ENVX
Sec Filings
- 3/11/25 - Form 4
- 3/11/25 - Form 4
- 3/11/25 - Form 4
- ENVX's page on the SEC website