Enovix (ENVX) said Tuesday it has completed a secondary equity offering for roughly $96 million in net proceeds.
The battery company said it now anticipates closing this year with approximately $245 million in cash, compared with its prior expectation of $150 million.
Shares of the company rose 8.2% in recent Tuesday trading.
Price: 9.03, Change: +0.69, Percent Change: +8.24
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments