Enovix Corp (ENVX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: July 31, 2025

Risk Assessment Details

Potential Dilution: 27.35% of current shares
Recent Dilution: 18.95% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
200M
Potential Supply
56M
Additional shares possible
Splits
None
Past 2 years

Summary

ENVX currently has 205M outstanding shares. with moderate dilution risk from 56M authorized shares representing 27.3% potential dilution. The company has diluted shareholders by 18.95% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Jul 31, 2025

10-Q filing | 204.8M shares outstanding

200M 56M
May 02, 2025

10-Q filing | 191.3M shares outstanding

190M 56M
Feb 25, 2025

10-K filing | 175.0M shares outstanding

180M 56M
Oct 30, 2024

10-Q filing | 176.9M shares outstanding

180M 56M
Aug 05, 2024

10-Q filing | 172.4M shares outstanding

170M 56M
May 07, 2024

10-Q filing | 168.1M shares outstanding

170M 56M
Feb 29, 2024

10-K filing | 159.6M shares outstanding

160M 56M
Nov 28, 2023

S-3/A filing: This S-3/A filing pertains to the proposed resale of up to 5,923,521 shares of common stock by a selling stockholder and discusses outstanding warrants to purchase common stock.

160M 56M
Nov 13, 2023

S-3 filing: This S-3 filing describes the proposed resale of up to 5,923,521 shares of common stock by a selling stockholder and the details of outstanding warrants to purchase common stock.

160M 56M
Nov 09, 2023

10-Q filing | 161.4M shares outstanding

160M 44M
Sep 20, 2023

8-K filing: Enovix Corporation entered into a Stock Purchase Agreement with Rene Limited to purchase all the shares of Routejade, Inc. In exchange Enovix will pay up to $16,500,000 in cash and issue 6,183,862 shares of Enovix Common Stock, assuming purchase of 100% of the Company.

160M 44M
Aug 09, 2023

10-Q filing | 157.2M shares outstanding

160M 44M
Aug 09, 2023

S-3 filing: The company is offering up to $250,000,000 of common stock through an at-the-market offering, with Cantor Fitzgerald & Co. and Oppenheimer & Co. Inc. acting as agents.

160M 44M
May 05, 2023

10-Q filing | 155.6M shares outstanding

160M 30M
Apr 21, 2023

8-K filing: Enovix Corporation completed a private offering of $172.5 million aggregate principal amount of 3.00% Convertible Senior Notes due 2028 and $10.0 million principal amount of Notes to an entity affiliated with Thurman John 'T.J.' Rodgers.

150M 30M
Mar 01, 2023

10-K filing | 154.1M shares outstanding

150M 30M
Feb 17, 2023

POS AM filing: Post-Effective Amendment No. 2 is being filed to terminate the effectiveness of the Registration Statement and to remove from registration any and all securities registered but unsold or otherwise unissued under the Registration Statement.

150M 30M
Nov 04, 2022

10-Q filing | 153.3M shares outstanding

150M 30M
Aug 16, 2022

10-Q filing | 152.5M shares outstanding

150M 30M
Jun 14, 2022

POS AM filing: The filing relates to the issuance of common stock upon warrant exercise and the offer and sale of common stock and private placement warrants by selling securityholders.

150M 30M
May 18, 2022

10-Q filing | 153.3M shares outstanding

150M 110M
Mar 25, 2022

10-K filing | 156.5M shares outstanding

160M 110M
Nov 15, 2021

10-Q filing | 135.1M shares outstanding

140M 110M
Aug 16, 2021

10-Q filing | 145.2M shares outstanding

150M 110M
Aug 05, 2021

S-1/A filing: This is an S-1/A filing for Enovix Corporation registering shares of common stock and warrants for resale.

14M 110M
Aug 02, 2021

S-1 filing: This S-1 filing includes the issuance of up to 17,500,000 shares of common stock upon exercise of warrants, and the offer and sale of up to 66,655,781 shares of common stock and 6,000,000 placement warrants by selling securityholders.

14M 120M
May 21, 2021

10-Q filing | 14.1M shares outstanding

14M 30M
Dec 10, 2020

8-K filing: Rodgers Silicon Valley Acquisition Corp. consummated its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and consummated a private placement of 6,000,000 warrants at $1.00 per warrant, generating gross proceeds of $6,000,000. ($236.0M proceeds)

N/A 30M
Dec 07, 2020

8-K filing: Rodgers Silicon Valley Acquisition Corp. consummated its initial public offering of 23,000,000 units at $10.00 per unit, generating gross proceeds of $230,000,000, and also consummated a private placement with the Sponsor of 6,000,000 warrants at $1.00 per warrant, generating total proceeds of $6,000,000, and filed its Amended and Restated Certificate of Incorporation. ($236.0M proceeds)

N/A 30M
Nov 25, 2020

S-1/A filing: The company is issuing and selling 20,000,000 units at $10.00 per Firm Unit, each unit consisting of one share of common stock and one-half of one redeemable warrant.

N/A 30M
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