Enovix Warrant Expiration Update: Stock Price Exceeds $10.50 for Nine Consecutive Days

Enovix Corporation announced that its common stock has exceeded $10.50 for nine trading days since the distribution of warrants, currently traded on Nasdaq under ENVXW. The earliest expiration date for the warrants remains August 19, 2025, subject to Enovix common stock continuing to trade above $10.50 for 20 of 30 trading days. The company will provide further updates on the exercise mechanics and other terms of the warrants.

Enovix Corporation (Nasdaq: ENVX, ENVXW) has announced that its common stock has exceeded $10.50 for nine consecutive trading days since the distribution of warrants. The earliest expiration date for the warrants remains August 19, 2025, subject to Enovix common stock continuing to trade above $10.50 for 20 of 30 trading days. The company will provide further updates on the exercise mechanics and other terms of the warrants [1].

On July 28, 2025, Enovix reported that the price of its common stock had exceeded $10.50 for five trading days, with the Warrants in-the-money based on their $8.75 per share exercise price [1]. The company has reserved the right to set an Alternate Expiration Date for the Warrants if the Early Expiration Price Condition is met [1].

As of July 2, 2025, the stock has traded above $10.50 for nine consecutive days, nearing the halfway point to triggering the early expiration condition [2]. This development is significant for warrant holders, who now face a potential accelerated timeline. If Enovix stock continues trading above the $10.50 threshold for 11 more days (reaching 20 out of 30 trading days total), the warrants will expire early on August 19, 2025. After expiration, these warrants will no longer be tradable or exercisable, effectively eliminating any remaining time value.

The situation creates a strategic decision point for warrant holders who must now consider whether to: Exercise their warrants immediately to lock in the current 22.4% discount to market price, sell their warrants on the open market to capture remaining time value, or wait to see if the early expiration condition is met, recognizing the risk of potential value loss.

Enovix Warrants: 9 of 9 Trading Days Above $10.50

Enovix Corporation, a leader in advanced silicon battery technology, announced that the price of its common stock has exceeded $10.50 for nine trading days since the distribution of the warrants to purchase common stock (the “Warrants”), currently traded on Nasdaq under ENVXW. Today’s closing price for Enovix common stock was $10.71 per share, and the Warrants remain $1.96 in-the-money based on their $8.75 per share exercise price [2].

The earliest expiration date for the Warrants remains August 19, 2025, subject to Enovix common stock continuing to trade above $10.50 for 20 of 30 trading days in accordance with the Warrant Agreement [2]. Ryan Benton, Chief Financial Officer, stated, “We’ve now completed nine consecutive trading days out of the twenty days required to trigger early expiration. There may be as few as eleven trading days left prior to expiration of the Warrants, after which the Warrants will no longer be tradable or exercisable. In the meantime, we encourage shareholders to act according to the timeline that best fits their individual circumstances” [2].

References:

[1] https://www.barchart.com/story/news/33694451/early-warrant-expiration-preliminary-notice

[2] https://www.stocktitan.net/news/ENVX/enovix-shareholder-reminder-early-warrant-expiration-price-s4f4v5xjgf1u.html