Brief: Enovix Announces Proposed $150 Mln Offering Of Convertible Senior Notes Due 2028

Enovix

17/04/2023 21:47

April 17 (Reuters) - Enovix Corp  ENVX.O :
    * ENOVIX ANNOUNCES PROPOSED $150 MILLION OFFERING OF
CONVERTIBLE
SENIOR NOTES DUE 2028
    * ENOVIX CORP - ENTITIES AFFILIATED WITH THURMAN J. RODGERS,
ENOVIX'S CHAIRMAN HAVE INDICATED INTEREST IN PURCHASING UP TO
$5.0 MILLION ADDITIONAL NOTES
    * ENOVIX CORP - EXPECTS TO USE A PORTION OF NET PROCEEDS
FROM
OFFERING AND SALE OF AFFILIATE NOTES TO PAY COST OF CAPPED CALL
TRANSACTIONS
    * ENOVIX - EXPECTS TO USE REMAINING NET PROCEEDS FROM
OFFERING AND
SALE OF AFFILIATE NOTES TO BUILD OUT A SECOND BATTERY CELL
MANUFACTURING FACILITY

Source text for Eikon:  ID:nGNX3SZFbb 
Further company coverage:  ENVX.O 

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