- Enovix (ENVX, Financial) distributes one warrant for every seven shares to shareholders as of July 17, 2025.
- Warrants expire on October 1, 2026, unless early expiration conditions are met.
- Early expiration if stock price maintains a VWAP of $10.50 or higher for 20 out of 30 trading days.
Enovix Corporation (ENVX), a leader in high-performance battery technology, announced the distribution of warrants to its shareholders on July 21, 2025. Shareholders of record as of July 17, 2025, will receive one warrant for every seven shares of common stock held, rounded down to the nearest whole warrant. These warrants are exercisable for cash and will expire on October 1, 2026, unless specific early expiration conditions are triggered.
The early expiration condition will activate if Enovix's stock maintains a volume-weighted average price (VWAP) of $10.50 or higher for any 20 out of 30 consecutive trading days. The current stock price was reported at $15.54 on July 18, 2025, suggesting that early expiration could occur as soon as August 19, 2025, if these conditions are continuously met.
Additionally, holders of Enovix's 3.00% Convertible Senior Notes due 2028 will also receive warrants based on the same ratio. This move reflects Enovix's confidence in their long-term value as they continue to scale production and enhance their innovative battery performance. Enovix urges warrant holders to review the details provided in the warrant agreement and consult their financial advisors regarding exercise timing.
Also check out: (Free Trial)
