---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-011796"
form_type: "8-K"
ticker: "ENVX"
cik: "0001828318"
company_name: "Enovix Corp"
filed_at: "2023-04-17T23:59:59+00:00"
generated_at: "2026-06-17T01:30:24.667917+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Enovix Q1 Fab-1 output of 12,500 cells beats 9,000 forecast; seeks $70M non-dilutive financing

## Summary
- Produced 12,500 battery cells in Q1 ending Apr 2, 2023, exceeding forecast of 9,000 cells.
- Full-year 2023 target of 180,000 wearable-size cells from Fab-1 remains unchanged.
- Seeking at least $70 million in non-dilutive financing for next-gen manufacturing line in Penang, Malaysia.
- Penang facility based on non-binding LOI with YBS International Berhad at Penang Science Park.

## SEC filing metadata
- accession: 0001628280-23-011796
- form_type: 8-K
- ticker: ENVX
- cik: 0001828318
- company_name: Enovix Corp
- filed_at: 2023-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828318/000162828023011796/0001628280-23-011796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828318/000162828023011796/envx-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-011796
- JSON: https://secwatch.observer/filing/0001628280-23-011796.json
- Plain text: https://secwatch.observer/filing/0001628280-23-011796.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.