Grabar Law Office Investigates Claims on Behalf of Shareholders of Enovix Corp. (ENVX)

Philadelphia, Pennsylvania--(Newsfile Corp. - July 13, 2023) - On July 15, 2021, Enovix (NASDAQ: ENVX) became a publicly traded company by merging with a special purpose acquisition company ("SPAC"), after being acquired by the Rodgers Silicon Valley Acquisition Corp. ("RSVAC") on July 14, 2021.

According to a recently filed securities fraud class action complaint, it is alleged that Defendants overstated Enovix's ability to produce batteries at scale, touting the Company's "meaningful progress" in scaling up its manufacturing facility, and its being positioned to deliver batteries ahead of competitions, despite its continued manufacturing issues.

Current Enovix shareholders who have held Enovix or the RSVAC SPACK since before or around June 24, 2021, can seek corporate reforms, the return of funds spent defending litigation back to the company, and a court approved incentive award, at no cost to them.

If you would like to learn more about this matter, you are encouraged to visit https://grabarlaw.com/the-latest/enovix-shareholder-investigation/, contact us at jgrabar@grabarlaw.com, or call 267-507-6085.

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Contact:
Joshua H. Grabar, Esq.
Grabar Law Office
One Liberty Place
1650 Market Street, Suite 3600
Philadelphia, PA 19103
Tel: 267-507-6085
Email: jgrabar@grabarlaw.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173425