Rodgers Silicon Valley Acquisition Corp. Post-effective amendment to a registration statement that is not immediately effective upon filing

Common Stock, Convertible Preferred Stock and Warrants (Tables)

12 Months Ended

Jan. 02, 2022

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

Detail

related to Public Warrant activity for the fiscal year ended January

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

Detail related to warrant activity for the fiscal 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