Annual report pursuant to Section 13 and 15(d)

Common Stock, Convertible Preferred Stock and Warrants (Tables)

v3.22.1
Common Stock, Convertible Preferred Stock and Warrants (Tables)
12 Months Ended
Jan. 02, 2022
Class of Stock [Line Items]  
Schedule of Preferred Stock Shares Authorized, Issued and Outstanding, Carrying Price and Liquidation Details related to Legacy Enovix's convertible preferred shares, as of December 31, 2020, prior to the Business Combination were as follows:

 

Series

 

Authorized

 

 

Issued and
Outstanding

 

 

Carrying
Value

 

 

Aggregate
Liquidation
Preference

 

Series A

 

 

705,000

 

 

 

705,000

 

 

$

226

 

 

$

235

 

Series B

 

 

66,300

 

 

 

66,300

 

 

 

50

 

 

 

50

 

Series C

 

 

181,844

 

 

 

 

 

 

 

 

 

 

Series D

 

 

58,016,741

 

 

 

47,855,805

 

 

 

84,927

 

 

 

85,100

 

Series E

 

 

4,862,376

 

 

 

4,862,376

 

 

 

4,783

 

 

 

4,862

 

Series E-2

 

 

18,035,000

 

 

 

18,035,000

 

 

 

17,063

 

 

 

18,035

 

Series F

 

 

82,233,867

 

 

 

82,233,867

 

 

 

22,872

 

 

 

23,437

 

Series P-2

 

 

170,612,076

 

 

 

170,612,076

 

 

 

72,135

 

 

 

73,653

 

Total Legacy Enovix convertible preferred stock

 

 

334,713,204

 

 

 

324,370,424

 

 

$

202,056

 

 

$

205,372

 

Public Warrants [Member]  
Class of Stock [Line Items]  
Schedule of Warrant Activity

Detail related to Public Warrant activity for the year ended January 2, 2022, is as follows:

Public Warrants

 

Number of
Warrants

 

 

Weighted
Average
Exercise
Price

 

Balances as of January 1, 2021

 

 

 

 

$

 

Assumed through the Business Combination

 

 

11,499,991

 

 

 

11.50

 

Exercised

 

 

(7,177,885

)

 

 

11.50

 

Balances as of January 2, 2022

 

 

4,322,106

 

 

$

11.50

 

Convertible Preferred Stock [Member] | Warrant [Member]  
Class of Stock [Line Items]  
Schedule of Warrant Activity

Detail related to warrant activity for the year ended December 31, 2020, is as follows:

 

Convertible Preferred Stock Warrants

 

Number of
Warrants

 

 

Weighted
Average
Exercise
Price

 

Balances as of January 1, 2020

 

 

3,342,780

 

 

$

0.07

 

Granted

 

 

7,000,000

 

 

 

0.01

 

Exercised

 

 

 

 

 

 

Cancelled

 

 

(181,844

)

 

 

1.10

 

Balances as of December 31, 2020

 

 

10,160,936

 

 

$

0.01