Enovix announces $60M share repurchase program

Enovix (ENVX) announced that its Board of Directors has authorized a share repurchase program under which the company may repurchase up to $60M of its outstanding common stock. The repurchase program is designed to provide Enovix with greater flexibility in managing its capital structure, including the ability to respond to market volatility and return value to shareholders. The company may repurchase shares from time to time in open-market transactions, privately negotiated transactions, or by other means, in accordance with applicable securities laws and subject to market conditions and other factors.