SAN DIEGO, March 4, 2023 (GLOBE NEWSWIRE) — Robbins Geller Rudman & Dowd LLP announces that buyer or acquirer of Enovix Corporation f/k/a Rodgers Silicon Valley Acquisition Corp. ENVX Common stock between February 22, 2021 and January 3, 2023 inclusive (the “Collection Period”) will have until next Tuesday, March 7, 2023 to file for the appointment of Lead Plaintiff in Enovix class action. Titled Twitchell vs. Enovix CorporationNo. 23-cv-00071 (ND Cal.), the Enovix In a class action lawsuit, Enovix and some of its top executives are being charged with violations of the Securities Exchange Act of 1934. Rosin v Enovix CorporationNo. 23-cv-00372 (ND Cal.), also pending in the Northern District of California.
If you have suffered significant losses and are the main plaintiff in the Enovix Class action, please provide your information here:
You can also contact a lawyer JC Sanchez of Robbins Geller by phone at 800/449-4900 or email jsanchez@rgrdlaw.com.
CASE CLAIMS: Enovix claims to design, develop and manufacture silicon anode lithium-ion batteries using a proprietary 3D cell architecture, which Enovix says enables its batteries to achieve higher energy densities. On July 14, 2021, Enovix was officially acquired by Rodgers Silicon Valley Acquisition Corp. acquired, a special purpose entity (commonly known as a SPAC or blank check company). Just months before the merger, Enovix received key equipment to set up its first manufacturing line at its “Fab-1” facility in Fremont, California.
The Enovix The class action alleges that throughout the class period, the defendants made false and/or misleading statements and/or failed to disclose material adverse facts about Enovix’s revenues and ability to manufacture its proprietary battery technology. For example as
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