Enovix distributes warrant dividend: 1 warrant per 7 shares, exercise $8.75, early expiration if stock >$10.50

Enovix Corp

Record date July 17, 2025; distribution date July 21, 2025; one warrant per seven shares held, rounded down.
Each warrant exercisable at $8.75 per share; expires Oct 1, 2026, but early expiration triggered if VWAP ≥ $10.50 for 20 of 30 trading days.
Stock closed at $15.54 on July 18 – if VWAP stays above $10.50, warrants could expire as early as Aug 19, 2025.
Warrants to trade on Nasdaq under ENVXW starting July 22; up to ~29.2M shares reserved upon exercise.
Holders of 3.00% Convertible Notes due 2028 also receive warrants on same ratio (9.1543 per $1,000 face).

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