Post-effective amendment to a registration statement that is not immediately effective upon filing

Business Combination (Tables)

v3.22.1
Business Combination (Tables)
12 Months Ended
Jan. 02, 2022
Business Combinations [Abstract]  
Summary of Number of Shares Of Common Stock Issued in Consummation of Merger
The number of shares of Common Stock issued immediately following the consummation of the Business Combination was:
 
RSVAC common stock shares outstanding prior to the Business Combination
     28,750,000  
Less redemption of RSVAC common stock shares
     (15
    
 
 
 
RSVAC common stock shares
     28,749,985  
PIPE Shares issued
     12,500,000  
    
 
 
 
RSVAC common stock shares and PIPE Shares
     41,249,985  
Legacy Enovix common shares
 (1)
     103,995,643  
    
 
 
 
Total shares of Common Stock immediately after the Business Combination
     145,245,628  
    
 
 
 
 
Summary of Net Cash Proceed from Business Combination The following table shows the net cash proceeds from the Business Combination (in thousands):
 
    
Recapitalization
 
Cash — RSVAC Trust and cash, net of redemptions
   $ 230,155  
Cash — PIPE Financing
     175,000  
Less: transaction costs and PIPE financing fees
     (31,410
    
 
 
 
Net cash contributions from Business Combination
   $ 373,745