Enovix Corporation Announces Share Repurchase Program
Enovix (Nasdaq: ENVX), a global high-performance battery company, has announced a $60 million share repurchase program authorized by its Board of Directors. The program, effective from June 30, 2025 through December 31, 2026, allows the company to repurchase its outstanding common stock through various means including open-market and privately negotiated transactions.
The initiative aims to enhance capital structure flexibility and respond to market volatility while returning value to shareholders. CFO Ryan Benton emphasized that this program reflects confidence in the company's long-term fundamentals and their 100% silicon-anode battery technology.
Enovix (Nasdaq: ENVX), azienda globale specializzata in batterie ad alte prestazioni, ha annunciato un programma di riacquisto di azioni per un valore di 60 milioni di dollari, autorizzato dal Consiglio di Amministrazione. Il programma, valido dal 30 giugno 2025 al 31 dicembre 2026, consente all'azienda di riacquistare le proprie azioni ordinarie in circolazione tramite diverse modalit脿, inclusi acquisti sul mercato aperto e transazioni negoziate privatamente.
L'iniziativa ha l'obiettivo di migliorare la flessibilit脿 della struttura del capitale e di rispondere alla volatilit脿 del mercato, restituendo valore agli azionisti. Il CFO Ryan Benton ha sottolineato che questo programma riflette la fiducia nei fondamentali a lungo termine dell'azienda e nella loro tecnologia di batterie con anodo al 100% in silicio.
Enovix (Nasdaq: ENVX), una empresa global de bater铆as de alto rendimiento, ha anunciado un programa de recompra de acciones por 60 millones de d贸lares autorizado por su Junta Directiva. El programa, vigente desde el 30 de junio de 2025 hasta el 31 de diciembre de 2026, permite a la compa帽铆a recomprar sus acciones ordinarias en circulaci贸n mediante diversos m茅todos, incluidos transacciones en mercado abierto y negociaciones privadas.
La iniciativa busca mejorar la flexibilidad de la estructura de capital y responder a la volatilidad del mercado, al mismo tiempo que devuelve valor a los accionistas. El CFO Ryan Benton destac贸 que este programa refleja confianza en los fundamentos a largo plazo de la empresa y en su tecnolog铆a de bater铆as con 谩nodo 100% de silicio.
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鞚� 鞚措媹靺旐嫲敫岆姅 鞛愲掣 甑“鞚� 鞙犾棸靹膘潉 雴掛澊瓿� 鞁滌灔 氤�霃欖劚鞐� 雽�鞚戫晿電� 霃欖嫓鞐� 欤检＜鞐愱矊 臧�旃橂ゼ 頇橃洂頃橂姅 瓴冹潉 氇╉憸搿� 頃╇媹雼�. 鞛毂呾瀯鞛�(Ryan Benton)電� 鞚� 頂勲攴鸽灗鞚� 須岇偓鞚� 鞛リ赴鞝侅澑 韼�雿旊韯戈臣 100% 鞁るΜ旖� 鞚岅饭 氚绊劙毽� 旮办垹鞐� 雽�頃� 鞁犽毳� 氚橃榿頃滊嫟瓿� 臧曥“頄堨姷雼堧嫟.
Enovix (Nasdaq : ENVX), une entreprise mondiale sp茅cialis茅e dans les batteries haute performance, a annonc茅 un programme de rachat d'actions de 60 millions de dollars autoris茅 par son conseil d'administration. Ce programme, en vigueur du 30 juin 2025 au 31 d茅cembre 2026, permet 脿 la soci茅t茅 de racheter ses actions ordinaires en circulation par divers moyens, y compris des transactions sur le march茅 ouvert et des n茅gociations priv茅es.
Cette initiative vise 脿 renforcer la flexibilit茅 de la structure du capital et 脿 r茅pondre 脿 la volatilit茅 du march茅 tout en restituant de la valeur aux actionnaires. Le directeur financier Ryan Benton a soulign茅 que ce programme refl猫te la confiance dans les fondamentaux 脿 long terme de l'entreprise et dans leur technologie de batteries 脿 anode 100 % silicium.
Enovix (Nasdaq: ENVX), ein weltweit t盲tiges Unternehmen f眉r Hochleistungsbatterien, hat ein Aktienr眉ckkaufprogramm in H枚he von 60 Millionen US-Dollar angek眉ndigt, das vom Vorstand genehmigt wurde. Das Programm gilt vom 30. Juni 2025 bis zum 31. Dezember 2026 und erm枚glicht es dem Unternehmen, seine ausstehenden Stammaktien auf verschiedenen Wegen zur眉ckzukaufen, darunter 眉ber den offenen Markt und privat ausgehandelte Transaktionen.
Die Initiative zielt darauf ab, die Flexibilit盲t der Kapitalstruktur zu erh枚hen und auf Marktvolatilit盲t zu reagieren, w盲hrend gleichzeitig Wert an die Aktion盲re zur眉ckgegeben wird. CFO Ryan Benton betonte, dass dieses Programm das Vertrauen in die langfristigen Fundamentaldaten des Unternehmens und deren 100 % Silizium-Anoden-Batterietechnologie widerspiegelt.
- Authorization of substantial $60 million share repurchase program
- Demonstrates management's confidence in company's long-term fundamentals
- Flexible 18-month window for executing buyback strategy
- Program enhances capital structure management capabilities
- No obligation to purchase specific number of shares
- Program may reduce available cash for operations or investments
FREMONT, Calif., July 02, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (鈥淓novix鈥�) (Nasdaq: ENVX), a global high-performance battery company, today announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to
The repurchase program is designed to provide Enovix with greater flexibility in managing its capital structure, including the ability to respond to market volatility and return value to shareholders. The company may repurchase shares from time to time in open-market transactions, privately negotiated transactions, or by other means, in accordance with applicable securities laws and subject to market conditions and other factors.
鈥淭his repurchase program reflects our confidence in the company鈥檚 long-term fundamentals and the strength of our
The timing and amount of any repurchases will be determined at the company鈥檚 discretion and may be modified, suspended, or discontinued at any time. The repurchase program does not obligate Enovix to acquire any specific number of shares. The buyback authorization is effective beginning June 30, 2025, and any unused capacity will expire on December 31, 2026.
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鈥檚 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鈥檚 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 .
Forward鈥怢ooking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or our future financial or operating performance and can be identified by words such as anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, should, would and similar expressions that convey uncertainty about future events or outcomes. Forward-looking statements in this press release include, without limitation, references to long-term potential, the success of our silicon anode battery technology, manufacturing scale up timelines, and the ability to commercialize Enovix technology. Actual results and outcomes could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, those risks and uncertainties and other potential factors set forth in our filings with the SEC, including in the 鈥淩isk Factors鈥� and 鈥淢anagement鈥檚 Discussion and Analysis of Financial Condition and Results of Operations鈥� sections of our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. For a full discussion of these risks, please refer to Enovix鈥檚 filings with the SEC, including its most recent Form 10-K and Form 10-Q, available at https://ir.enovix.com and www.sec.gov. Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.
Contacts:
Investors
Robert Lahey
Media Contact:
Bateman Agency for Enovix
Kaelyn Attridge
FAQ
How much is Enovix's (ENVX) share repurchase program worth?
When does the ENVX buyback program start and end?
What is the purpose of Enovix's stock buyback program?
Is Enovix required to repurchase a specific number of shares?
How will Enovix execute its share repurchase program?
