---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-012433"
form_type: "8-K"
ticker: "ENVX"
cik: "0001828318"
company_name: "Enovix Corp"
filed_at: "2023-04-21T23:59:59+00:00"
generated_at: "2026-06-16T21:37:18.661621+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-23-012433
- form_type: 8-K
- ticker: ENVX
- cik: 0001828318
- company_name: Enovix Corp
- filed_at: 2023-04-21T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828318/000162828023012433/0001628280-23-012433-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828318/000162828023012433/envx-20230417.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-012433
- JSON: https://secwatch.observer/filing/0001628280-23-012433.json
- Plain text: https://secwatch.observer/filing/0001628280-23-012433.txt

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