Enovix completes warrant dividend program, raises $232.1M gross proceeds

Enovix Corp

Approximately 26.5M warrants exercised, generating $232.1M gross proceeds for Enovix.
Private warrant exercise price adjusted from $11.50 to $10.66 per warrant; 5.5M outstanding.
As of Sept 5, 2025, company repurchased 5,437,556 shares under its buyback program.
CEO says proceeds will accelerate Fab2 production and potential battery ecosystem acquisitions.
Warrants expired and ceased trading on Aug 29, 2025; program concluded.

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