Enovix (ENVX) said Tuesday it has completed a secondary equity offering for roughly $96 million in net proceeds.
The battery company said it now anticipates closing this year with approximately $245 million in cash, compared with its prior expectation of $150 million.
Shares of the company rose 8.2% in recent Tuesday trading.
Price: 9.03, Change: +0.69, Percent Change: +8.24
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