Enovix (NASDAQ: ENVX) accelerates ENVXW warrant expiration to August 29, 2025

Rhea-AI Filing Summary

Enovix Corporation reported that a pricing condition for its publicly traded warrants (trading under ENVXW) has been met and that it has chosen Friday, August 29, 2025 as an alternate expiration date for these warrants. Trading in the warrants on Nasdaq will end at 4:00 p.m. New York City time on that date, and holders must exercise their warrants by 5:00 p.m. New York City time the same day. After that time, the warrants will no longer be exercisable, will be void, and any holders who have not exercised will lose all rights associated with those warrants.

Insights

Equity derivatives and capital markets analyst

Enovix accelerates the end date of its listed warrants, forcing a near-term exercise decision for holders.

The company states that an alternate price condition for its Nasdaq-traded warrants (ENVXW) has been satisfied and that it has elected an alternate expiration date of August 29, 2025. This sets a clear, near-term cutoff for warrant trading and exercise, concentrating activity into a single day once the market digests the news and underlying share price dynamics.

Trading in the warrants will cease at 4:00 p.m. New York City time on August 29, 2025, and holders must exercise by 5:00 p.m. New York City time that same day or lose all rights. The actual impact on Enovix’s capital structure and cash position will depend on how many warrants are exercised before the deadline, which is not quantified in this disclosure and will be visible only in subsequent company filings.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 28, 2025

Enovix Corporation

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-39753

85-3174357

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

3501 W Warren Avenue Fremont, California						94538
(Address of Principal Executive Offices)						(Zip Code)

Registrant’s Telephone Number, Including Area Code: (510) 695-2350

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, par value $0.0001 per share

ENVX

The Nasdaq Global Select Market

Warrants, each exercisable for one share of Common Stock, at an exercise price of $8.75 per share

ENVXW

The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On August 28, 2025, Enovix Corporation, a Delaware corporation (the “Company”), issued a press release announcing that the alternate price condition applicable to the Company warrants currently traded on Nasdaq under ENVXW (the “Warrants”) has been satisfied and confirming that the Company has elected Friday, August 29, 2025 as the alternate expiration date for the Warrants. As a result, the Warrants will stop trading on Nasdaq at 4:00 p.m. New York City time on August 29, 2025, and the Warrants must be exercised prior to 5:00 p.m. New York City time on August 29, 2025. From and after 5:00 p.m. New York City time on August 29, 2025, the Warrants will no longer be exercisable and will be void, and the holders of unexercised Warrants will have no further rights with respect to any Warrants.

The foregoing description is only a summary and is qualified in its entirety by reference to the press release filed as Exhibit 99.1 to this Form 8-K and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number						Description
99.1						Press Release II dated August 28, 2025
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

									Enovix Corporation
Date:			August 28, 2025			By:			/s/ Arthi Chakravarthy
									Arthi Chakravarthy Chief Legal Officer and Head of Corporate Development

FAQ

What did Enovix Corporation (ENVXW) disclose in this 8-K filing?

Enovix disclosed that a price condition for its ENVXW warrants has been satisfied and that it has chosen August 29, 2025 as an alternate expiration date, after which unexercised warrants will be void.

When do Enovix ENVXW warrants stop trading on Nasdaq?

The ENVXW warrants will stop trading on Nasdaq at 4:00 p.m. New York City time on August 29, 2025.

What is the exercise deadline for Enovix ENVXW warrants under this announcement?

Holders must exercise their ENVXW warrants by 5:00 p.m. New York City time on August 29, 2025; after that time the warrants will no longer be exercisable.

What happens to Enovix ENVXW warrants not exercised by the deadline?

Any ENVXW warrants not exercised by 5:00 p.m. New York City time on August 29, 2025 will be void, and holders will have no further rights with respect to those warrants.

Why did Enovix set an alternate expiration date for the ENVXW warrants?

Enovix reported that an alternate price condition applicable to the ENVXW warrants has been satisfied, allowing the company to elect an alternate expiration date of August 29, 2025.

Where can investors find more details about the Enovix warrant changes?

Additional details are provided in the company’s press release dated August 28, 2025, which is filed as Exhibit 99.1 to this report.