Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Enovix Corporation (“Enovix”) (NASDAQ: ENVX) (f/k/a Rodgers Silicon Valley Acquisition Corp. prior to July 15, 2021) common stock between August 11, 2021 and October 2, 2023, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about Enovix’s business and operations. Specifically, the Defendants overstated Enovix’s ability to produce batteries at scale, touting the company’s “meaningful progress” in scaling up its manufacturing ability despite its continued technical issues. As a result of Defendants’ wrongful acts and omissions, and the significant decline in the market value of Enovix’s common stock, Enovix’s investors have suffered significant losses and damages.
Current Status of Case:
On November 14, 2025, Lead Plaintiff filed an Amended Motion for Class Certification. The Motion is currently being briefed by the parties. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.