{"schema_version":"secwatch.filing_event.v1","accession":"0001828318-23-000189","form_type":"8-K","ticker":"ENVX","cik":"0001828318","company_name":"Enovix Corp","filed_at":"2023-09-14T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.532310+00:00","generated_at":"2026-06-10T17:47:31.817521+00:00","sec_items":["1.01","2.03"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Enovix enters deposit agreement to collateralize $70M loan for Malaysia manufacturing","bullets":["Enovix will deposit cash into a restricted OCBC account equal to OSSB drawdowns under a $70M loan for manufacturing.","No cash deposits expected in quarter ending Oct 1, 2023; future deposits disclosed in financial statements.","Deposit earns variable interest; Enovix can withdraw interest if sufficient collateral remains.","Enovix cannot withdraw deposit without OCBC consent while loan outstanding; additional margin may be required.","Enovix indemnifies OCBC against losses from unenforceability, breach, or recovery failure of the loan."],"urls":{"canonical":"https://secwatch.observer/filing/0001828318-23-000189","json":"https://secwatch.observer/filing/0001828318-23-000189.json","markdown":"https://secwatch.observer/filing/0001828318-23-000189.md","text":"https://secwatch.observer/filing/0001828318-23-000189.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828318/000182831823000189/0001828318-23-000189-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828318/000182831823000189/envx-20230913.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T17:47:31.817521+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6685200744da72ac4d54c8e645fa43f697d53fe1","claim":"Enovix Corp incurred guarantee of up to $70 million with OCBC Bank (Malaysia) Berhad.","evidence_excerpt":"for Enovix products. On July 13, 2023, OCBC and OSSB entered into a Letter Offer (the “Loan Agreement”), pursuant to which OCBC provided an offer of a loan to OSSB for up to $70 million (the “Loan”) to finance manufacturing operations under the Manufacturing Agreement. Enovix entered into the Deposit Agreement with OCBC on September 13, 2023 to collateralize the","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828318/000182831823000189/0001828318-23-000189-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"guarantee"},{"label":"Principal","value":"up to $70 million"},{"label":"Counterparty","value":"OCBC Bank (Malaysia) Berhad"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}