Enovix declares special warrant dividend to strengthen balance sheet and support growth.

Enovix Corporation announced a special warrant dividend giving shareholders one warrant per four shares, allowing purchase of stock at $3 each. This move helps maintain ownership proportions, offers debt reduction by allowing 2028 Notes to be used for exercise, and raises cash for expanding drone battery production in South Korea. The company also repurchased $100 million of 2030 Notes at a discount, improving its cash position. Enovix reported strong Q3 revenue growth and expects to distribute warrants around November 18, 2026, with trading on Nasdaq under ENVXW.

Enovix Corporation (ENVX) trades at USD 3.43 on Pluang as of Oct 28, 2026 18:11 WIB, up 2.39% in the last day. The stock's market cap stands at $735.15 million with balanced order activity split evenly between buyers and sellers. Despite recent warrant news, the 52-week low remains $2.25 while the high is $12.21, showing wide price range this year.