The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Enovix Corporation (“Enovix” or “the Company”) (NASDAQ: ENVX) for violations of the securities laws.
The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Enovix released its third-quarter 2022 financial results on November 1, 2022. The Company announced earnings well below expectations, including a loss of $0.15 per share. The Company admitted that “the majority of batteries shipped during the quarter were samples that did not generate revenue.” Based on this news, shares of Enovix plunged by 41% on the next day.
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The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
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