January 6, 2023

Enovix Corporation Common Stock (NASDAQ: ENVX)

Company Name:Enovix Corporation Common Stock

Stock Symbol:NASDAQ: ENVX

Class Period Start:06/24/2021

Class Period End (inclusive):01/03/2023

Filing Deadline:03/07/2023

The Complaint alleges that throughout the Class Period, the Company overstated its production capabilities, touting its “meaningful progress” in scaling up its manufacturing facility and being positioned to deliver batteries ahead of competition, despite its continued manufacturing issues. On November 1, 2022, the Company announced its financial results for 3Q2022, disclosing just $8,000 in recognized revenue, that it would be “dialing back” efforts to improve existing manufacturing lines to focus on future manufacturing lines, and that it anticipated producing fewer than one million batteries in 2023. On this news, shares of Enovix plummeted approximately 44%. Then, on January 3, 2023, the Company disclosed that its second production facility and future manufacturing lines would be delayed by several additional months due to equipment failures. On this news, shares of Enovix plummeted an additional 41%, further damaging investors.

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6. Not withstanding the foregoing, Professional and High Net Worth Members of ClaimsFiler.com are entitled to receive unlimited communications with personal Securities Attorneys. To take advantage of this special benefit and to submit your inquiries directly to an Attorney, a special “Contact Lawyer” email link will be provided to you on your profile page. You should use this link to initiate communication directly with your Securities Attorney. Professional and High Net Worth Members are also entitled to received fully contingent legal representation in matters relating to federal securities fraud, negligence and breaches of fiduciary duty claims against publicly traded companies. The ultimate decision to accept legal representation in any matter is subject to the legal analysis and opinion of the Securities Attorney and is final. The establishment of any attorney/client retention agreement for representation is directly between you and the Securities Attorney, independent of ClaimsFiler.com.

Recent Security Class Actions

Enovix Corporation Common Stock (NASDAQ: ENVX)

Real Time Class Action Monitoring for ALL of Your Investment Accounts

No Matter Your Brokerage,
We have you Covered

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Privacy Policy

Scope

Personal Information We May Collect and Where It Comes From

Information You Provide To ClaimsFiler

Information We Collect From Your Financial Account

Information We Collect From Your Devices

Information We Receive About You From Other Sources

How We Disclose And Use Information

How We Share Your Information

How We Handle / Secure Your Information

Our Legal Basis for Handling Your Information

International Visitors

Children’s Privacy

Data Retention

Data Deletion

Updates To This Privacy Policy

Contact Us

Recent Security Class Actions

Enovix Corporation Common Stock (NASDAQ: ENVX)

Real Time Class Action Monitoring for ALL of Your Investment Accounts

No Matter Your Brokerage,We have you Covered

Terms of Service

Privacy Policy

Scope

Personal Information We May Collect and Where It Comes From

Information You Provide To ClaimsFiler

Information We Collect From Your Financial Account

Information We Collect From Your Devices

Information We Receive About You From Other Sources

How We Disclose And Use Information

How We Share Your Information

How We Handle / Secure Your Information

Our Legal Basis for Handling Your Information

International Visitors

Children’s Privacy

Data Retention

Data Deletion

Updates To This Privacy Policy

Contact Us

No Matter Your Brokerage,
We have you Covered