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Enovix Chairman TJ Rodgers Issues Letter to Shareholders on Warrant Dividend

1. Enovix announced a warrant dividend distribution to shareholders. 2. Chairman TJ Rodgers addressed shareholders regarding this distribution in a letter. 3. The company's silicon-anode batteries are enhancing energy density and safety. 4. Enovix is positioned for growth in high-performance energy storage markets. 5. Company's patents underline innovation in battery technology and manufacturing.

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FAQ

Why Bullish?

The warrant dividend may indicate financial strength and investor confidence, similar to past successful dividend announcements in tech stocks, which often lead to price appreciation.

How important is it?

The announcement of dividends indicates a positive outlook for Enovix's financial health, potentially attracting more investors and enhancing stock performance.

Why Short Term?

The immediate issuance of warrants can impact trading volumes and investor sentiment quickly, mirroring past events like stock splits that resulted in short-term price spikes.

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TSLANIO
July 29, 2025 08:30 ET  | Source: Enovix Corporation FREMONT, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX, ENVXW) (“Company” or “Enovix”), a leader in advanced silicon battery technology, today announced that it distributed a letter from Chairman TJ Rodgers to all shareholders to discuss the Company’s recent warrant dividend distribution. A copy of the letter has been posted on the Company’s website here. Further Information Relating to the Warrants For more information relating to the exercise mechanics and other terms of the Warrants, please refer to the materials filed by the Company with the Securities and Exchange Commission (the “SEC”) available at https://www.sec.gov and the information posted on the Company’s website at https://www.enovix.com/enovix-warrant-dividend. About Enovix Corporation Enovix is a leader in advancing lithium-ion battery technology with its proprietary cell architecture designed to deliver higher energy density and improved safety. The Company’s breakthrough silicon-anode batteries are engineered to power a wide range of devices from wearable electronics and mobile communications to industrial and electric vehicle applications. Enovix’s technology enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage. Enovix holds a robust portfolio of issued and pending patents covering its core battery design, manufacturing process, and system integration innovations. For more information, visit https://www.enovix.com. Investor Contact:Robert Laheyir@enovix.com Chief Financial Officer:Ryan Bentonryan.benton@enovix.com

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