(RTTNews) – Enovix Corp. (ENVX) announced the pricing of $150.0 million aggregate principal amount of 3.00% Convertible Senior Notes due 2028 in a private placement. Also, Enovix granted the initial purchasers of the Notes an option to purchase, within a 13-day period beginning on, and including, the date on which the Notes are first issued, up to an additional $22.5 million aggregate principal amount of Notes.
Enovix estimates that the net proceeds from the offering will be approximately $133.9 million to Enovix. If consummated, Enovix expects that it will receive net proceeds from the sale of the Affiliate Notes of approximately $9.7 million.
Raj Talluri, CEO of Enovix, said: “We believe the proceeds from these notes, together with the previously announced $70 million non-dilutive financing we are seeking to fund our planned next-generation manufacturing line in Malaysia, will enable us to build four production lines, all at approximately 7% dilution to our stockholders.”
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Namdhari Seeds has acquired 100 per cent of the open field vegetable seed business of…
The issue comprises fresh issue of up to 1,60,00,000 Equity Shares of face value ₹10 each…
Kalyani Group Chairman Babasaheb N Kalyani has opposed his sister Sugandha Hiremath’s attempt to amend…
This is an audio transcript of the Behind the Money podcast episode: ‘Can NYSE stay…
Around 136 stocks hit upper circuit on Bombay Stock Exchange (BSE), Wednesday, February 12, amid…
Indian equity benchmarks ended marginally lower on Wednesday after witnessing high volatility, as markets recovered…