Battery Company Enovix Gets SPAC Deal: What Investors Should Know

Silicon battery company Enovix is going public with a SPAC deal announced Monday morning. The SPAC Deal: Enovix, a leader in the designing and manufacturing of 3D silicon lithium-ion batteries, is going public with Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVA).

Battery Company Enovix SPAC Deal
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The SPAC Deal: Enovix, a leader in the designing and manufacturing of 3D silicon lithium-ion batteries, is going public with Rodgers Silicon Valley Acquisition Corp. (NASDAQ: RSVA).

The deal values Enovix at a $1.13 billion enterprise value. Enovix will get $385 million in net proceeds from the deal.

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Read original at Benzinga | Actionable Trading Ideas, Real-Time News, Financial Insight

"Related" to enovix fiscal fab:

Snippets from related news

... rollout of three factories. Fab 1, the companys first factory, ... the second quarter of fiscal 2023. Fab 3 is the future factory ... has a target of fiscal 2025 for production. Enovix compares itself to ... $220 million by fiscal 2025 and Fab 2 to produce $581 ...

 

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