Lithium-ion battery maker Enovix said it completed its business combination with Rodgers Silicon Valley Acquisition. Announced in February, the combined enterpirse has a valuation of avbout $1.13 billion.
The combined company will retain Enovix name and is expected to begin trading tomorrow on the Nasdaq under ENVX for common stock and ENVXW for warrants.
The transaction resulted in approximately $405 million of gross cash proceeds, before deducting placement agent commissions and other offering related expenses. Read more.
