Enovix closes $172.5M convertible note offering at 3.00% due 2028; net proceeds ~$165.7M

Enovix Corp

Issued $172.5M of 3.00% Convertible Senior Notes due 2028; includes $22.5M option exercise and $10M affiliate placement.
Conversion price ~$15.61/share, 15% premium over $13.57 close; capped calls entered to reduce dilution.
Net proceeds ~$165.7M after discounts & expenses; to fund second battery plant and Gen2 equipment.
Capped call transactions cap price initially $21.1692/share, 56% premium.

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