Enovix declares warrant dividend: 1 warrant per 4 shares, distributed Nov 18, 2026
Enovix's board declared a warrant dividend giving common stockholders and convertible noteholders warrants at no cost, with a $3.00 exercise price and an April 28, 2028 expiration. Holders of the 3.00% 2028 convertible notes can exercise by surrendering those notes at face value, which would retire debt without cash. The company also said it repurchased $100 million of its 2030 notes for about $63.1 million.
Key points
- Record date November 13, 2026; warrants expected to be distributed on or about November 18, 2026
- Stockholders receive one warrant per four common shares; about 65.6 million warrants in total, and $177.2 million in potential proceeds if all are exercised
- Exercise price $3.00 per share; warrants may be exercised with cash or 2028 notes at face value; warrants expire April 28, 2028 unless an early expiration condition is met
- Company repurchased $100 million of 2030 notes for about $63.1 million in the same period
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.