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Enovix Corporation (Nasdaq: ENVX, ENVXW) announced that holders of its public warrants can exercise them until 5:00 p.m. on January 7, 2022, at $11.50 per share. The company achieved a significant share price target of $18.00 on December 2, 2021, enabling it to redeem outstanding public warrants. If not exercised by the deadline, remaining warrants will become void, with holders receiving $0.01 per warrant. Enovix has 11,499,991 public warrants, and exercising them could yield approximately $132.25 million in gross proceeds.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced its executives will present at the 21st Advanced Automotive Battery Conference in San Diego on December 7, 2021, focusing on the Company's Electric Vehicle (EV) program. Key updates include promising battery performance from a U.S. Department of Energy grant, enhanced energy density, and fast charge capability compared to current EV batteries. The proprietary 3D silicon cell architecture aims to double energy density compared to conventional batteries, supporting advancements in mobile devices and EVs.
Enovix Corporation (Nasdaq: ENVX, ENVXW) will present at the Raymond James 2021 Technology Investors Conference on December 6, 2021, at 1:20 PM Eastern Time. The event will be accessible via a live webcast on Enovix's website, with a replay available for one year. In addition to the presentation, Enovix management will hold one-on-one meetings with institutional investors at the conference. Enovix specializes in advanced silicon-anode lithium-ion batteries, enhancing energy density and cycle life, and is establishing a production facility in the U.S.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced its participation in the 21st Advanced Automotive Battery Conference in San Diego on December 7, 2021. CTO Ashok Lahiri will discuss the company's innovative 3D Silicon Lithium-Ion Battery technology that utilizes a 100% active silicon anode. This technology addresses traditional silicon battery challenges. Enovix aims to improve energy density, supporting mobile devices and future electric vehicle applications.
Enovix Corporation (Nasdaq: ENVX, ENVXW) has appointed Pegah Ebrahimi to its Board of Directors. Ebrahimi is a seasoned technology executive with significant experience in mobile, cloud, and AI sectors. She previously served as COO at Cisco and Morgan Stanley, bringing valuable insights into how Enovix's advanced battery technologies can drive future innovations. Ebrahimi expressed excitement about Enovix's potential as a disruptor in the battery industry, particularly in meeting the demand for renewable energy solutions.
Enovix Corporation (Nasdaq: ENVX, ENVXW) recently released its quarterly shareholder letter, detailing financial results for Q3 2021, which ended on October 3. The company reported significant advancements in technology and production, highlighted by the production of its first battery cells on an automated production line. CEO Harrold Rust noted robust demand for their batteries and plans to move into volume production early next year. An investor presentation is available on the company's website, alongside a conference call scheduled for today to discuss these results.
Enovix Corporation (NASDAQ: ENVX, ENVXW) announced it will release its third-quarter fiscal 2021 financial results on November 8, 2021, after market close. A conference call is scheduled for the same day at 2:00 PM PT/5:00 PM ET to discuss the results. The company will provide a Letter to Shareholders with financial results and management commentary on its investor relations website. Enovix focuses on advanced silicon-anode lithium-ion battery development and is building a production facility in the U.S. to meet growing demand in mobile devices and electric vehicles.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced the successful manufacturing of battery cells from its first automated factory in Fremont, California. This milestone supports the company's goal of delivering batteries with up to 110% greater energy density. The innovative roll-to-stack assembly method enhances production efficiency, crucial for high-energy density applications in consumer electronics, particularly Augmented Reality (AR) glasses. Enovix targets commercial production in Q1 2022 and expects first product revenue in Q2 2022.
Enovix Corporation (Nasdaq: ENVX, ENVXW) announced its participation in two virtual investor conferences in September 2021. The Colliers Securities 2021 Institutional Investor Conference is scheduled for September 9, 2021. Following this, Enovix will participate in Cowen’s 14th Annual Global Transportation & Sustainable Mobility Conference on September 10, 2021, at 2:00 PM ET. A live webcast of this event can be accessed on the Enovix investor relations website. Enovix focuses on advanced silicon-anode lithium-ion battery development.
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