Enovix Corp
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Industrials : Electrical Equipment |
Company profile

Enovix Corporation is engaged in designing, developing, and manufacturing silicon-anode lithium-ion battery. The Company has developed and delivered sample batteries to consumer electronics manufacturers. The Company is developing custom three-dimensional (3D) silicon lithium-ion batteries for wearable, mobile computing and communication device applications. The Company's product includes model EX01-351144 for eyeware cell, which consists of approximately 664 watt-hours per liter (Wh/l) of energy density; model EX01-351829 for wearable devices, which consists of 714 Wh/l of energy density; model EX01-543870 for handset cell, and model EX01-395578 for smartphone or laptop cell, which consists of approximately 900 Wh/l of energy density. The Company is also developing its 3D cell technology and production process with automobile manufacturers for the electric vehicle and energy storage markets.

Closing Price
$24.96
Day's Change
0.13 (0.52%)
Bid
--
Ask
--
B/A Size
--
Day's High
26.09
Day's Low
24.14
Volume
(Average)
Volume:
5,251,162

10-day average volume:
5,021,389
5,251,162

SHAREHOLDER ALERT: Weiss Law Investigates CatchMark Timber Trust, Inc.

6:11 pm ET May 31, 2022 (PR Newswire) Print

Weiss Law is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of CatchMark Timber Trust, Inc. ("CatchMark" or the "Company") (NYSE: CTT) in connection with the proposed acquisition of the Company by PotlatchDeltic ("PotlatchDeltic") Corporation (NASDAQ: PCH). Under the terms of the merger agreement, the Company's shareholders will receive 0.23 common shares of PotlatchDeltic stock for each common share of CatchMark owned, representing implied per-share merger consideration of approximately $12.88 based upon PotlatchDeltic's May 27, 2022 closing price of $56.02. Upon completion of the transaction, PotlatchDeltic shareholders will own approximately 86% of the combined company, while CatchMark shareholders will own only approximately 14% of the combined company. The all-stock transaction is valued at approximately $5 billion.

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If you own CatchMark shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:https://www.weisslaw.co/news-and-cases/ctt Or please contact:Joshua Rubin, Esq.Weiss Law 305 Broadway, 7th FloorNew York, NY 10007(212) 682-3025(888) 593-4771stockinfo@weisslawllp.com

Weiss Law is investigating whether (i) CatchMark's board of directors ("Board") acted in the best interests of Company shareholders in agreeing to the proposed transaction, (ii) the per-share merger consideration adequately compensates CatchMark's shareholders, and (iii) all information regarding the sales process and valuation of the transaction will be fully and fairly disclosed.

Weiss Law has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties. We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases. If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at stockinfo@weisslawllp.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/shareholder-alert-weiss-law-investigates-catchmark-timber-trust-inc-301558260.html

SOURCE Weiss Law

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comtex tracking

COMTEX_408014820/1005/2022-05-31T18:11:06

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