Enovix declares warrant dividend: 1 warrant per 7 shares, $8.75 exercise, up to $253.8M proceeds

Enovix Corp

Each common stockholder receives 1 warrant for every 7 shares held as of July 17, 2025 record date.
Warrants exercisable at $8.75/share; if all ~29M warrants exercised, gross proceeds up to $253.8M.
Warrants expire Oct 1, 2026 unless early expiration triggered if stock VWAP >= $10.50 for 20 of 30 trading days.
Warrants expected to trade on Nasdaq under ticker ENVXW shortly after distribution date ~July 21, 2025.
Convertible noteholders also receive warrants on as-converted basis (9.1543 per $1,000 principal).

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