secwatch.observer — SEC 8-K summary
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Issuer:     Enovix Corp (ENVX)
CIK:        0001828318
Form:       8-K
Filed at:   2025-07-21T23:59:59+00:00
Accession:  0001828318-25-000264
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1828318/000182831825000264/0001828318-25-000264-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1828318/000182831825000264/envx-20250721.htm
  HTML page:      https://secwatch.observer/filing/0001828318-25-000264

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer