Enovix Shareholder Second Reminder: Early Warrant Expiration Price Condition

Fremont, Calif., Aug. 08, 2025 (Globe Newswire) – Enovix Company (Nasdaq: ENVX, ENVXW) (“Firm” OR “Enovix”), A Chief in Superior Silicon Battery Know-how, At present Introduced that the value of Widespread Inventory Shaas Exceeded $ 10.50 Distribution of the Warrants to Buy Widespread Inventory (The “Warrants”), At the moment Traded on Nasdaq underneath Envxw. At present’s closing worth for the unusual ENOVIX shares was $ 10.78 per share, a rise in comparison with the top of the final week of $ 10.70 per share, and the warrants stay $ 2.03 in-the-money on the idea of their $ 8.75 per inventory of sharing.

In reminiscence, in keeping with the Warrant Settlement, if our shares are traded on or above $ 10.50 out of 20 of the 30 business days, the warrants might already finish in New York Metropolis on the subsequent working day. The earliest expiry date for the Warrants stays August 19, 2025, topic to unusual shares of Enovix that proceed to behave above $ 10.50 for 20 of 30 commerce days in accordance with the Warrant settlement.

Ryan Benton, Chief Monetary Officer, acknowledged: “We have now now accomplished 14 consecutive buying and selling days above $ 10.50 out of 20 inside a 30 consecutive buying and selling day that’s wanted to activate early final result.

From August 7, round 6.1 million warrants have been exercised, which generates round $ 53.6 million gross revenues for the corporate.

Mr. Benton continued: “We have now already acquired significant coaching messages from lots of our shareholders. Each command exercised helps our strategic priorities and on the identical time possession of lengthy -term shareholders. We recognize those that have already taken motion, and with just a few potential commercials which have been taken over to selections within the crushes of all overshare in all overs all overgoneers in all overlaps in all overlaps in all overlaps in all overlaps. approach. “

On the finish of the expiry date, the warrants will not be tradable or exercised. Though the corporate will make each effort to make the workouts submitted in good religion on the expiry date, we encourage all holders to make sure that their warrants are traded or exercised in time. Processing procedures and timelines can differ per dealer or the setting that holds your warrants, so quick motion is really helpful.

ENOVIX expects to supply additional periodic updates, together with whether or not and when the early becoming worth situation has been paid.

Extra data relating to the Warrants

Seek the advice of the supplies submitted by the corporate with the Securities and Trade Fee (the “SEC”) accessible for extra data relating to the coaching mechanics and different circumstances of the Warrants https://www.sec.gov and the data on the web site of the corporate on https://www.enovix.com/enovix-warrant dividend.

About Enovix Company

ENOVIX is a frontrunner in selling lithium-ion battery know-how with its patented cellarchitecture that’s designed to offer increased vitality density and improved security. The Silicon Anode batteries of the corporate are designed to produce a variety of units of transportable electronics and cellular communication into industrial and electrical car functions. The know-how of Enovix makes an extended lifespan of the battery and quicker charging doable, to assist the rising international demand for highly effective vitality storage. ENOVIX has printed a sturdy portfolio of and awaiting patents that cowl its core battery design and manufacturing course of.

ENOVIX has its head workplace in Silicon Valley with services in India, South Korea and Malaysia. Go to for extra data https://enovix.com and comply with us on LinkedIn.

No supply or request

This press launch is just for informative functions and isn’t a proposal for promoting or making use of for a proposal to purchase securities, nor will there be a sale of those results in a state or jurisdiction during which such a proposal, requests or sale could be previous to registration or qualification underneath the securities legal guidelines of such a state or jurisdiction.

The difficulty of the warrants shouldn’t be registered underneath the 1933 Securities Act, as amended (the “Securities Act”), because the distribution of an order for no consideration doesn’t promote a safety on the idea of Article 2 (a) (3) of the Securities Act. A type 8-a registration declaration and prospectus complement describing the circumstances of the warrants are submitted to the SEC and can be found on the web site of the SP on https://www.sec.gov. Holders of Warrants should rigorously learn the prospectus complement, together with the Danger Components part that has been included and included by referral in it. This press launch incorporates a common abstract of the warrants. Learn the order settlement submitted as an exhibition with the present report of the corporate on type 8-k submitted to the SEC on July 21, 2025, as a result of it incorporates essential details about the circumstances of the warrants.

Foresighting statements

This press launch incorporates future -oriented statements inside the which means of part 27A of the Securities Act and Part twenty first of the Securities Trade Act of 1934, as modified, about us, the Warrants and our firm that entails substantial dangers and uncertainties. Drive -looking statements typically relate to future occasions or our future monetary or operational efficiency and could be recognized by phrases equivalent to anticipating, believing, persevering with, with the ability to estimate, count on, of intention, having the ability, plans, doable, potential, predicting, and related expressions about future occasions or outcomes. Drive -looking statements On this press launch embrace, with out limitation, our expectations with regard to the early expiration worth, our skill to satisfy good wedding ceremony workouts and the anticipated buying and selling costs of our unusual shares. Werkelijke resultaten en uitkomsten kunnen materieel verschillen van deze toekomstgerichte verklaringen als gevolg van bepaalde risico’s en onzekerheden, waaronder, zonder beperking, die risico’s en onzekerheden en andere potentiële factoren die in onze indieningen zijn uiteengezet met de SEC, inclusief in de “Risicofactoren” en “managementbespreking van financiële toestand en resultaten van operaties van ons meest latest gesprongen jaarlijkse Documenten en andere documenten of andere documenten van ons We zullen, met de SEC. Raadpleeg voor een volledige Discussing these dangers The submissions of ENOVIX on the SEC, together with the newest type 10-Ok and type 10-q, accessible on https://ir.enovix.com And http://www.sec.gov. All future -oriented statements made by us on this press launch solely communicate on the date on which they had been made and subsequent occasions may cause these expectations to alter. We level out all of the obligations to replace or change these future -oriented statements sooner or later, both because of new data, future occasions or in any other case, besides as required by legislation.

Investor contact:
Robert Lahey
ir@enovix.com

Chief Monetary Officer:
Ryan Benton
ryan.benton@enovix.com