07:27 AM EDT, 09/11/2025 (MT Newswires) -- Enovix ( ENVX ) said Thursday it priced a $300 million private offering of 4.75% convertible senior notes due Sept. 15, 2030, for about $290.4 million in expected net proceeds.

Initial purchasers have an option to buy up to an additional $60 million of the notes.

The company expects the offering to close Monday and plans to use the net proceeds to fund certain capped call transactions, among other things.

Enovix ( ENVX ) shares were down nearly 14% in recent premarket activity.