Enovix Corporation Stock Price, News & Analysis

Enovix Corporation (Nasdaq: ENVX) announced that the alternate price condition for its warrants (ENVXW) has been satisfied on August 28, 2025. The company has set Friday, August 29, 2025 as the alternate expiration date for the warrants.

Key details include: warrants must be exercised before 5:00 p.m. NYC time on August 29, 2025, with an exercise price of $8.75 per warrant. Approximately 12.6 million warrants have already been exercised, generating about $110.1 million in gross proceeds. The company has implemented a Notice of Guaranteed Delivery process for warrant holders who may face processing delays with their financial institutions.

Enovix Corporation (Nasdaq: ENVX) announced that its warrants (ENVXW) have met the early expiration price condition, with the stock's volume-weighted average price exceeding $10.50. The company has set Friday, August 29, 2025 as the alternate expiration date for the warrants.

Warrant holders must exercise their warrants at $8.75 per warrant before 5:00 p.m. New York City time on August 29, 2025. To date, approximately 12.3 million warrants have been exercised, generating about $107.5 million in gross proceeds for Enovix. The company has implemented a Notice of Guaranteed Delivery process to accommodate warrant holders whose financial institutions may need additional processing time.

Enovix (Nasdaq: ENVX) announced that Polaris Battery Labs has independently verified its AI-1™ smartphone battery as having the highest energy density ever reported for a smartphone. The testing revealed impressive metrics including an average volumetric energy density of ~919 Wh/L and fast charging capabilities reaching 20% in 3.8 minutes, 50% in 12.3 minutes, and 100% in 39.5 minutes.

The AI-1™ platform, first unveiled in Q2 2025, combines advanced materials, micron-level design rules, and automated manufacturing. The company has already completed shipments to a third leading smartphone OEM, positioning Enovix to capture share in the multi-billion-dollar smartphone battery market.

Enovix (Nasdaq: ENVX), a leader in advanced silicon battery technology, has appointed J. Daniel "Dan" McCranie to its Board of Directors, effective August 12, 2025. This appointment expands the board to eight directors, with six being independent.

McCranie brings over 30 years of experience in public-company board governance and operating leadership in the semiconductor and technology sectors. His extensive background includes serving as Chairman of onsemi, Non-Executive Chairman of Freescale Semiconductor, and holding leadership positions at various technology companies. He currently serves as a director at SunPower Corporation and is their EVP of Sales.

Enovix (Nasdaq: ENVX) announced that its common stock has traded above $10.50 for 17 consecutive trading days since the distribution of warrants. The company's stock closed at $10.98 per share, with warrants trading $2.23 in-the-money based on their $8.75 exercise price.

If the stock continues trading above $10.50 for 20 out of 30 trading days, the warrants could expire as early as August 19, 2025. To date, approximately 7.8 million warrants have been exercised, generating about $68.5 million in gross proceeds for Enovix.

The company plans to implement a Notice of Guaranteed Delivery process for warrant exercises and encourages remaining holders to take prompt action as unexercised warrants will become worthless after expiration.

Enovix (Nasdaq: ENVX) announced that its common stock has traded above $10.50 for 14 consecutive trading days since the distribution of warrants. The stock closed at $10.78, with warrants remaining $2.03 in-the-money based on their $8.75 exercise price.

If the stock trades at or above $10.50 for 20 out of 30 trading days, the warrants could expire as early as August 19, 2025. To date, approximately 6.1 million warrants have been exercised, generating about $53.6 million in gross proceeds for Enovix. The company urges remaining warrant holders to take action before expiration, as warrants will become non-tradable and non-exercisable afterward.

Enovix (Nasdaq: ENVX) has established an 18,000-square-foot R&D Center of Excellence in Hyderabad's HITEC City, India, to accelerate the development of its AI-2™ battery platform. The facility employs 40 full-time staff, primarily engineers and scientists with advanced degrees.

The center will integrate electrochemical and mechanical modeling, materials development, and rapid prototyping capabilities, with a capacity to produce 2,600 prototype cells annually and test 750 small cells simultaneously. The development process will leverage Enovix's global facilities, with Korean teams developing silicon anodes 50% faster than current methods, and Malaysian facilities handling manufacturing.

The Hyderabad team has already contributed to the AI-1™ platform, developing an electrolyte meeting smartphone battery requirements of >900 Wh/L Energy Density, >1000 cycle life, and 3C fast charge.

Enovix (Nasdaq: ENVX) announced that its common stock has traded above $10.50 for nine consecutive trading days since the distribution of warrants. The company's stock closed at $10.71 per share, with warrants trading at $1.96 in-the-money based on their $8.75 exercise price.

The warrants' earliest expiration date is set for August 19, 2025, contingent on the stock maintaining above $10.50 for 20 out of 30 trading days. CFO Ryan Benton noted that eleven trading days remain before potential warrant expiration, after which warrants will become non-tradable and non-exercisable.

Enovix (Nasdaq: ENVX), a global high-performance battery company, has released its second quarter 2025 financial results through a shareholder letter posted on their website. The company's President and CEO Dr. Raj Talluri, along with CFO Ryan Benton, will discuss the results and provide business updates in a live webcast scheduled for 5:00 PM ET / 2:00 PM PT.