Reported Earlier, Enovix Prices $100M Public Offering Of 10,416,667 Common Shares
Portfolio Pulse from Benzinga Newsdesk
Enovix has announced a $100 million public offering of 10,416,667 common shares, expected to close on November 1, 2024. The company has also granted the underwriter a 30-day option to purchase an additional 1,562,500 shares.
October 31, 2024 | 8:26 am
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Enovix is conducting a $100 million public offering of 10,416,667 common shares, with a closing date expected on November 1, 2024. This could lead to short-term stock price volatility.
The public offering will increase the number of shares available in the market, which could lead to a decrease in the stock price due to dilution. The offering's size and the additional option for underwriters to purchase more shares add to potential volatility.
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