Enovix (ENVX) Announces $60M Share Buyback

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Enovix Corporation Announces Share Repurchase Program

July 2, 2025 8:30 AM EDT

FREMONT, Calif., July 02, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Enovix) (Nasdaq: ENVX), a global high-performance battery company, today announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $60 million of its outstanding common stock.

The repurchase program is designed to provide Enovix with greater flexibility in managing its capital structure, including the ability to respond to market volatility and return value to shareholders. The company may repurchase shares from time to time in open-market transactions, privately negotiated transactions, or by... More