Enovix Corp. (ENVX), Thursday announced the pricing of $300 million aggregate principal amount of 4.75 percent convertible senior notes due 2030 in a private placement.
Notably, the initial conversion rate is 89.2160 shares of Enovix common stock per $1,000 principal amount of notes.
The company intends to use the proceeds primarily for corporate-related purposes, which may include to fund a portion of the purchase price for potential acquisitions.
Additionally, the company is offering an additional option to initial purchasers to buy upto $60 million aggregate principal amount of notes for settlement within a 13-day period beginning on, and including, the date on which the Notes are first issued.
The offering is expected to close on September 15, 2025.
In the pre-market hours, ENVX is trading at $7.65, down 16.39 percent on the Nasdaq.
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September 11, 2026 16:26 ET Consumer prices data was the main news on the economic front in the U.S. this week. In Europe, the latest interest rate decision from the European Central Bank was the focus along with the revised second quarter economic growth data for the euro area. In Asia, the monthly foreign trade data from China drew attention.