Enovix Corporation announced that its common stock price has exceeded $10.50 for 17 consecutive trading days since the distribution of warrants. As of August 12, approximately 7.8 million warrants have been exercised, generating $68.5 million in gross proceeds. Warrants will expire if the stock trades at or above $10.50 for 20 out of 30 days. The Warrants will no longer be exercisable after the expiration date. Enovix encourages remaining holders to make timely decisions regarding their warrants. The company anticipates providing further updates on the Early Expiration Price Condition.

Read more at GlobeNewswire: Enovix Shareholder Third Reminder: Early Warrant Expiration