Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries InvestorNewsBreaks – Enovix Corp. (NASDAQ: ENVX) Announces Pricing on Convertible Senior Notes By: Investor Brand Network April 25, 2023 at 15:29 PM EDT Enovix Corporation (NASDAQ: ENVX), an advanced silicon battery company, announced the pricing of $150 million aggregate principal amount of 3% Convertible Senior Notes. The notes ar due 2028 in a private placement to persons reasonably believed to be qualified institutional buyers according to regulations. Specifically, the announcement noted that an entity affiliated with Enovix chair Thurman J. Rodgers has agreed to purchase $10 million aggregate principal amount of the notes in the concurrent private placement; In addition, an entity affiliated with Kleiner Perkins chair John Doerr has agreed to purchase an additional $10 million aggregate principal amount of the notes in the offering. As part of the offering, the company granted the initial purchasers of the notes an option to purchase up to $22.5 million additional aggregate principal notes within a 13-day period. “We are thrilled with the sale of these notes,” said Enovix president and CEO Dr. Raj Talluri in the press release. “We believe the proceeds from these notes, together with the previously announced $70 million nondilutive financing we are seeking to fund our planned next-generation manufacturing line in Malaysia, will enable us to build four production lines, all at approximately 7% dilution to our stockholders. With these lines, we expect to be able to manufacture between 38 million to 75 million batteries a year, depending on the size of the battery, to meet the strong customer demand we are seeing in the IoT, Mobile and Computing markets.” To view the full press release, visit https://ibn.fm/v8vo3 About Enovix Corporation Enovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices to the vehicle you drive needs a better battery. The company’s disruptive architecture enables a battery with high energy density and capacity without compromising safety. Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. For more information, visit the company website at www.Enovix.com. About InvestorWire InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily. For more information, please visit https://www.InvestorWire.com Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer InvestorWire (IW)8033 Sunset Blvd Suite 1037-IWLos Angeles, CA 90046310.299.1717 Officewww.InvestorWire.comEditor@InvestorWire.com InvestorWire is part of the InvestorBrandNetwork Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
InvestorNewsBreaks – Enovix Corp. (NASDAQ: ENVX) Announces Pricing on Convertible Senior Notes By: Investor Brand Network April 25, 2023 at 15:29 PM EDT Enovix Corporation (NASDAQ: ENVX), an advanced silicon battery company, announced the pricing of $150 million aggregate principal amount of 3% Convertible Senior Notes. The notes ar due 2028 in a private placement to persons reasonably believed to be qualified institutional buyers according to regulations. Specifically, the announcement noted that an entity affiliated with Enovix chair Thurman J. Rodgers has agreed to purchase $10 million aggregate principal amount of the notes in the concurrent private placement; In addition, an entity affiliated with Kleiner Perkins chair John Doerr has agreed to purchase an additional $10 million aggregate principal amount of the notes in the offering. As part of the offering, the company granted the initial purchasers of the notes an option to purchase up to $22.5 million additional aggregate principal notes within a 13-day period. “We are thrilled with the sale of these notes,” said Enovix president and CEO Dr. Raj Talluri in the press release. “We believe the proceeds from these notes, together with the previously announced $70 million nondilutive financing we are seeking to fund our planned next-generation manufacturing line in Malaysia, will enable us to build four production lines, all at approximately 7% dilution to our stockholders. With these lines, we expect to be able to manufacture between 38 million to 75 million batteries a year, depending on the size of the battery, to meet the strong customer demand we are seeing in the IoT, Mobile and Computing markets.” To view the full press release, visit https://ibn.fm/v8vo3 About Enovix Corporation Enovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices to the vehicle you drive needs a better battery. The company’s disruptive architecture enables a battery with high energy density and capacity without compromising safety. Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. For more information, visit the company website at www.Enovix.com. About InvestorWire InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily. For more information, please visit https://www.InvestorWire.com Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer InvestorWire (IW)8033 Sunset Blvd Suite 1037-IWLos Angeles, CA 90046310.299.1717 Officewww.InvestorWire.comEditor@InvestorWire.com InvestorWire is part of the InvestorBrandNetwork
Enovix Corporation (NASDAQ: ENVX), an advanced silicon battery company, announced the pricing of $150 million aggregate principal amount of 3% Convertible Senior Notes. The notes ar due 2028 in a private placement to persons reasonably believed to be qualified institutional buyers according to regulations. Specifically, the announcement noted that an entity affiliated with Enovix chair Thurman J. Rodgers has agreed to purchase $10 million aggregate principal amount of the notes in the concurrent private placement; In addition, an entity affiliated with Kleiner Perkins chair John Doerr has agreed to purchase an additional $10 million aggregate principal amount of the notes in the offering. As part of the offering, the company granted the initial purchasers of the notes an option to purchase up to $22.5 million additional aggregate principal notes within a 13-day period. “We are thrilled with the sale of these notes,” said Enovix president and CEO Dr. Raj Talluri in the press release. “We believe the proceeds from these notes, together with the previously announced $70 million nondilutive financing we are seeking to fund our planned next-generation manufacturing line in Malaysia, will enable us to build four production lines, all at approximately 7% dilution to our stockholders. With these lines, we expect to be able to manufacture between 38 million to 75 million batteries a year, depending on the size of the battery, to meet the strong customer demand we are seeing in the IoT, Mobile and Computing markets.” To view the full press release, visit https://ibn.fm/v8vo3 About Enovix Corporation Enovix is on a mission to power the technologies of the future. Everything from IoT, mobile and computing devices to the vehicle you drive needs a better battery. The company’s disruptive architecture enables a battery with high energy density and capacity without compromising safety. Enovix is scaling its silicon-anode, lithium-ion battery manufacturing capabilities to meet customer demand. For more information, visit the company website at www.Enovix.com. About InvestorWire InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. As part of its service, InvestorWire provides coverage of noteworthy announcements. To further expand visibility of achievements being made throughout a multitude of sectors, InvestorWire’s syndication partners have extended the digital coverage to include individual broadcasts on financial websites and platforms visited by millions of investors daily. For more information, please visit https://www.InvestorWire.com Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer InvestorWire (IW)8033 Sunset Blvd Suite 1037-IWLos Angeles, CA 90046310.299.1717 Officewww.InvestorWire.comEditor@InvestorWire.com InvestorWire is part of the InvestorBrandNetwork