openPR Logo
Press release

Investigation announced for Investors in shares of Enovix Corporation (NASDAQ: ENVX) over possible Violations of Securities Laws

01-23-2024 03:18 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Enovix Corporation (NASDAQ: ENVX) shares over potential securities laws violations by Enovix.

An investigation for investors in Enovix Corporation (NASDAQ: ENVX) shares over potential securities laws violations by Enovix.

An investigation was announced over potential securities laws violations by Enovix Corporation in connection with certain financial statements.

Investors who purchased shares of Enovix Corporation (NASDAQ: ENVX), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Enovix Corporation (NASDAQ: ENVX) concerning whether a series of statements by Enovix Corporation regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Fremont, CA based Enovix Corporation designs, develops, and manufactures lithium-ion batteries. On October 3, 2023, Enovix Corporation issued a press release "announc[ing] that it has initiated a strategic realignment of Fab1 in Fremont designed to refocus the facility from a manufacturing hub to its 'Center for Innovation,' focused on new product development." Enovix stated that "[s]hifting Fab1's focus will result in a reduction of the workforce in Fremont that had been dedicated to supporting 24/7 manufacturing by approximately 185 personnel, including over 125 contractors. Enovix expects this restructuring to be completed during the fourth quarter of 2023 and result in annualized savings of approximately $22 million."

Shares of Enovix Corporation (NASDAQ: ENVX) declined from $13.25 per share on September 29, 2023, to $9.44 per share on October 03, 2023.

Those who purchased shares of Enovix Corporation (NASDAQ: ENVX) have certain options and should contact the Shareholders Foundation.

Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities lawsuits, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Investigation announced for Investors in shares of Enovix Corporation (NASDAQ: ENVX) over possible Violations of Securities Laws here

News-ID: 3358903 • Views:

More Releases from Shareholders Foundation

Lawsuit Alert: Investors who lost money with James Hardie Industries plc (NYSE: JHX) should contact the Shareholders Foundation
Lawsuit Alert: Investors who lost money with James Hardie Industries plc (NYSE: …
An investor, who purchased shares of James Hardie Industries plc (NYSE: JHX), filed a lawsuit over alleged violations of Federal Securities Laws by James Hardie Industries plc in connection with certain allegedly false and misleading statements. Investors who purchased shares of James Hardie Industries plc (NYSE: JHX) have certain options and for certain investors are short and strict deadlines running. Deadline: December 23, 2025. NYSE: JHX investors should contact the Shareholders
Investigation announced for Long-Term Investors in SelectQuote, Inc. (NYSE: SLQT)
Investigation announced for Long-Term Investors in SelectQuote, Inc. (NYSE: SLQT …
An investigation on behalf of current long-term investors in shares of SelectQuote, Inc. (NYSE: SLQT) concerning potential breaches of fiduciary duties by certain directors and officers of SelectQuote, Inc. was announced. Investors who are current long term investors in SelectQuote, Inc. (NYSE: SLQT) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term
Lawsuit filed for Investors who lost money with shares of MoonLake Immunotherapeutics (NASDAQ: MLTX)
Lawsuit filed for Investors who lost money with shares of MoonLake Immunotherape …
An investor, who purchased shares of MoonLake Immunotherapeutics (NASDAQ: MLTX), filed a lawsuit over alleged violations of Federal Securities Laws by MoonLake Immunotherapeutics in connection with certain allegedly false and misleading statements. Investors who purchased a significant amount of shares of MoonLake Immunotherapeutics (NASDAQ: MLTX) between March 10, 2024 and September 29, 2025, have certain options and for certain investors are short and strict deadlines running. Deadline: December 15, 2025. NASDAQ:
Dow Inc. (NYSE: DOW) Investor Alert: Deadline in Lawsuit on October 28, 2025
Dow Inc. (NYSE: DOW) Investor Alert: Deadline in Lawsuit on October 28, 2025
A deadline is coming up on October 28, 2025 in the lawsuit filed for certain investors of Dow Inc. (NYSE: DOW) over alleged securities laws violations by Dow Inc. Investors who purchased shares of Dow Inc. (NYSE: DOW) have certain options and there are strict and short deadlines running. Deadline: October 28, 2025. Dow Inc. (NYSE: DOW) stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 -

All 5 Releases


More Releases for Enovix

Lithium Silicon Battery Market Set for More Growth|Nexeon, Enovix, Huawei, Ampri …
The latest research study released by AMA on the Lithium Silicon Battery Market offers over 181 pages of analysis on business strategies employed by key and emerging industry players. It provides insights into current market developments, landscape, technologies, drivers, opportunities, market outlook, and status. The market study is segmented by key regions driving market growth. The Lithium Silicon Battery study combines qualitative and quantitative market data, primarily collected and validated
Silicon Battery Market Set for More Growth | Targray, Sila Nanotechnologies, Amp …
A Latest intelligence report published by AMA Research with title "Global Silicon Battery Market Outlook to 2028. A detailed study accumulated to offer Latest insights about acute features of the Silicon Battery market. This report provides a detailed overview of key factors in the Global Silicon Battery Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development. Definition: Silicon battery is an extension that
Investigation announced for Long-Term Investors in shares of Enovix Corporation …
An investigation was announced for current long-term investors in shares of Enovix Corporation (NASDAQ: ENVX) concerning potential breaches of fiduciary duties by certain directors of Enovix Corporation. Investors who are current long term investors in Enovix Corporation (NASDAQ: ENVX) shares, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. The investigation by a law firm for current long term investors in NASDAQ: ENVX
Lawsuit filed for Investors in shares of Enovix Corporation (NASDAQ: ENVX)
An investor, who purchased shares of Enovix Corporation (NASDAQ: ENVX), filed a lawsuit over alleged violations of Federal Securities Laws by Enovix Corporation in connection with certain allegedly false and misleading statements. Investors who purchased shares of Enovix Corporation (NASDAQ: ENVX) have certain options and for certain investors are short and strict deadlines running. Deadline: March 7, 2023. Enovix Corporation (NASDAQ: ENVX investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or
Silicon Battery Market May See a Big Move | Enovix, Huawei, Enevate
2022-2030 Report on Global Silicon Battery Market by Player, Region, Type, Application and Sales Channel is the latest research study released by HTF MI evaluating the market risk side analysis, highlighting opportunities, and leveraging with strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global Silicon Battery Market. Some of the key players profiled in
Global Silicon Battery Market Demand Report 2021-2027 | Amprius Technologies, En …
“Silicon Battery Market is growing at a High CAGR during the forecast period 2021-2027. The increasing interest of the individuals in this industry is that the major reason for the expansion of this market”. The growing adoption of electric vehicles, which require high capacity portable batteries, and the growing demand for high energy power devices for the smooth operation of consumer electronic devices are the main factors driving the growth of