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Enovix Corp. – ‘10-K’ for 12/31/23 – ‘EX-32.2’

On:  Wednesday, 2/28/24, at 8:54pm ET   ·   As of:  2/29/24   ·   For:  12/31/23   ·   Accession #:  1828318-24-21   ·   File #:  1-39753

Previous ‘10-K’:  ‘10-K’ on 3/1/23 for 1/1/23   ·   Latest ‘10-K’:  This Filing   ·   13 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size

 2/29/24  Enovix Corp.                      10-K       12/31/23  120:12M

Annual Report   —   Form 10-K   —   SEA’34

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.15M 
 2: EX-21.1     Subsidiaries List                                   HTML     34K 
 3: EX-23.1     Consent of Expert or Counsel                        HTML     32K 
 8: EX-97.1     Clawback Policy re: Recovery of Erroneously         HTML     50K 
                Awarded Compensation                                             
 4: EX-31.1     Certification -- §302 - SOA'02                      HTML     37K 
 5: EX-31.2     Certification -- §302 - SOA'02                      HTML     37K 
 6: EX-32.1     Certification -- §906 - SOA'02                      HTML     34K 
 7: EX-32.2     Certification -- §906 - SOA'02                      HTML     34K 
14: R1          Cover                                               HTML     98K 
15: R2          Audit Information                                   HTML     37K 
16: R3          Consolidated Balance Sheets                         HTML    170K 
17: R4          Consolidated Balance Sheets (Parenthetical)         HTML     53K 
18: R5          Consolidated Statements of Operations               HTML    136K 
19: R6          Consolidated Statements of Comprehensive Income     HTML     68K 
                (Loss)                                                           
20: R7          Consolidated Statements of Stockholders? Equity     HTML    127K 
21: R8          Consolidated Statements of Cash Flows               HTML    143K 
22: R9          Consolidated Statements of Cash Flows               HTML     46K 
                (Parenthetical)                                                  
23: R10         Organization and Basis of Presentation              HTML     42K 
24: R11         Summary of Significant Accounting Policies          HTML    113K 
25: R12         Business Combinations                               HTML     97K 
26: R13         Fair Value Measurement                              HTML    101K 
27: R14         Property and Equipment                              HTML     60K 
28: R15         Inventory                                           HTML     41K 
29: R16         Leases                                              HTML     56K 
30: R17         Accrued Expenses                                    HTML     41K 
31: R18         Borrowings                                          HTML     80K 
32: R19         Commitments and Contingencies                       HTML     45K 
33: R20         Common Stock and Convertible Preferred Stock        HTML     40K 
34: R21         Warrants                                            HTML     46K 
35: R22         Net Loss per Share                                  HTML     73K 
36: R23         Stock-based Compensation                            HTML    110K 
37: R24         Restructuring Costs                                 HTML     37K 
38: R25         Variable Interest Entity                            HTML     38K 
39: R26         Income Tax                                          HTML    113K 
40: R27         Geographic Information                              HTML     55K 
41: R28         Employee Retirement Plans                           HTML     35K 
42: R29         Related Party                                       HTML     41K 
43: R30         Pay vs Performance Disclosure                       HTML     44K 
44: R31         Insider Trading Arrangements                        HTML     38K 
45: R32         Summary of Significant Accounting Policies          HTML    204K 
                (Policies)                                                       
46: R33         Summary of Significant Accounting Policies          HTML     67K 
                (Tables)                                                         
47: R34         Business Combinations (Tables)                      HTML     98K 
48: R35         Fair Value Measurement (Tables)                     HTML    100K 
49: R36         Property and Equipment (Tables)                     HTML     61K 
50: R37         Inventory (Tables)                                  HTML     41K 
51: R38         Lease (Tables)                                      HTML     56K 
52: R39         Accrued Expenses (Tables)                           HTML     41K 
53: R40         Borrowings (Tables)                                 HTML     68K 
54: R41         Warrants (Tables)                                   HTML     41K 
55: R42         Net Loss per Share (Tables)                         HTML     74K 
56: R43         Stock-based Compensation (Tables)                   HTML    103K 
57: R44         Income Tax (Tables)                                 HTML    114K 
58: R45         Geographic Information (Tables)                     HTML     54K 
59: R46         Organization and Basis of Presentation (Details)    HTML     86K 
60: R47         Summary of Significant Accounting Policies -        HTML    130K 
                Additional Information (Details)                                 
61: R48         Summary of Significant Accounting Policies -        HTML     47K 
                Schedule of Estimated Useful Lives of Property and               
                Equipment (Details)                                              
62: R49         Summary of Significant Accounting Policies -        HTML     40K 
                Schedule of Changes in Deferred Revenue (Details)                
63: R50         Business Combinations - Additional Information      HTML     83K 
                (Details)                                                        
64: R51         Business Combinations - Schedule of Number of       HTML     54K 
                Shares of Common Stock Issued in Consummation of                 
                Merger (Details)                                                 
65: R52         Business Combinations - Schedule of Net Cash        HTML     39K 
                Proceed from Business Combination (Details)                      
66: R53         Business Combinations - Schedule of Considerations  HTML     54K 
                for the Acquisition (Details)                                    
67: R54         Business Combinations - Schedule of Recognized      HTML     75K 
                Identified Assets Acquired and Liabilities Assumed               
                (Details)                                                        
68: R55         Business Combinations - Schedule of Goodwill        HTML     40K 
                (Details)                                                        
69: R56         Business Combinations - Schedule of Intangible      HTML     53K 
                Assets Subject To Amortization, Net (Details)                    
70: R57         Business Combinations -Schedule of Expected         HTML     47K 
                Amortization For The Intangible Assets (Details)                 
71: R58         Fair Value Measurement - Additional Information     HTML     53K 
                (Details)                                                        
72: R59         Fair Value Measurement - Schedule of Assets and     HTML     62K 
                Liabilities Measured at Fair Value on Recurring                  
                Basis (Details)                                                  
73: R60         Fair Value Measurement - Cash Equivalents and       HTML     58K 
                Short-term Investments (Details)                                 
74: R61         Fair Value Measurement - Schedule of Changes in     HTML     42K 
                Fair Value for Level 3 (Details)                                 
75: R62         Fair Value Measurement - Schedule of Key            HTML     48K 
                Assumptions for Determining Fair Value of                        
                Convertible Preferred Stock Warrants and Common                  
                Stock Warrants (Details)                                         
76: R63         Property and Equipment - Schedule of Property and   HTML     53K 
                Equipment (Details)                                              
77: R64         Property and Equipment - Schedule of Depreciation   HTML     34K 
                Expenses (Details)                                               
78: R65         Property and Equipment - Schedule of Equipment      HTML     35K 
                Impairment (Details)                                             
79: R66         Property and Equipment - Additional Information     HTML     53K 
                (Details)                                                        
80: R67         Inventory (Details)                                 HTML     48K 
81: R68         Leases - Additional Information (Details)           HTML     43K 
82: R69         Leases - Schedule of Lease Costs (Details)          HTML     34K 
83: R70         Leases - Schedule of Supplemental Lease             HTML     36K 
                Information (Details)                                            
84: R71         Leases - Schedule of Supplemental Cash Flow         HTML     38K 
                Information Related To Leases (Details)                          
85: R72         Leases - Schedule of Maturity of Lease Liabilities  HTML     51K 
                (Details)                                                        
86: R73         Accrued Expenses (Details)                          HTML     42K 
87: R74         Borrowings - Additional information (Details)       HTML    112K 
88: R75         Borrowings - Schedule of Long-Term Debt             HTML     68K 
                Instruments (Details)                                            
89: R76         Borrowings - Schedule of Interest Expense Related   HTML     52K 
                to Convertible Notes (Details)                                   
90: R77         Borrowings - Schedule of Long-Term Debt Maturities  HTML     48K 
                (Details)                                                        
91: R78         Commitments and Contingencies (Details)             HTML     55K 
92: R79         Common Stock and Convertible Preferred Stock -      HTML     55K 
                Additional Information (Details)                                 
93: R80         Warrants - Additional Information (Details)         HTML     81K 
94: R81         Warrants - Summary of Warrant Activity (Details)    HTML     55K 
95: R82         Net Loss per Share - Schedule of Computation of     HTML     68K 
                Basic and Dilute Net EPS (Details)                               
96: R83         Net Loss per Share - Schedule of Anti-Dilutive      HTML     50K 
                Securities Excluded From Computation of Diluted                  
                Loss Per Share (Details)                                         
97: R84         Stock-based Compensation - Additional Information   HTML    129K 
                (Details)                                                        
98: R85         Stock-based Compensation - Schedule of Common       HTML     43K 
                Stock Capital Shares Reserved for Future Issuance                
                (Details)                                                        
99: R86         Stock-based Compensation - Schedule of Stock-Based  HTML     44K 
                Compensation Expense (Details)                                   
100: R87         Stock-based Compensation - Schedule of Stock        HTML     90K  
                Option Activity (Details)                                        
101: R88         Stock-based Compensation - Schedule of Stock        HTML     57K  
                Option Valuation Assumptions (Details)                           
102: R89         Stock-based Compensation - Schedule of RSUs and     HTML     63K  
                PRSUs Activity (Details)                                         
103: R90         Stock-based Compensation - Schedule Of Stock        HTML     64K  
                Options, Valuation Assumption (Details)                          
104: R91         Restructuring Costs (Details)                       HTML     48K  
105: R92         Variable Interest Entity (Details)                  HTML     59K  
106: R93         Income Tax - Schedule of income before income tax   HTML     42K  
                domestic and foreign (Details)                                   
107: R94         Income Tax - Schedule of Components of Income Tax   HTML     49K  
                Expense (Benefit) (Details)                                      
108: R95         Income Tax - Additional Information (Details)       HTML     68K  
109: R96         Income Tax - Schedule of effective income tax rate  HTML     60K  
                (Details)                                                        
110: R97         Income Tax - Schedule of deferred tax assets        HTML     76K  
                (Liabilities) (Details)                                          
111: R98         Income Tax - Schedule of unrecognized tax benefits  HTML     42K  
                (Details)                                                        
112: R99         Geographic Information - Schedule of Revenue        HTML     42K  
                Customers and Long-Lived Assets, by Geographical                 
                Areas (Details)                                                  
113: R100        Geographic Information - Schedule of Revenue        HTML     46K  
                Customers by Geographic Areas (Details)                          
114: R101        Employee Retirement Plans (Details)                 HTML     36K  
115: R102        Related Party (Details)                             HTML     89K  
117: XML         IDEA XML File -- Filing Summary                      XML    218K  
120: XML         XBRL Instance -- envx-20231231_htm                   XML   2.29M  
116: EXCEL       IDEA Workbook of Financial Report Info              XLSX    237K  
10: EX-101.CAL  XBRL Calculations -- envx-20231231_cal               XML    327K 
11: EX-101.DEF  XBRL Definitions -- envx-20231231_def                XML   1.05M 
12: EX-101.LAB  XBRL Labels -- envx-20231231_lab                     XML   2.73M 
13: EX-101.PRE  XBRL Presentations -- envx-20231231_pre              XML   1.71M 
 9: EX-101.SCH  XBRL Schema -- envx-20231231                         XSD    248K 
118: JSON        XBRL Instance as JSON Data -- MetaLinks              762±  1.14M  
119: ZIP         XBRL Zipped Folder -- 0001828318-24-000021-xbrl      Zip    795K  


‘EX-32.2’   —   Certification — §906 – SOA’02


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EXHIBIT 32.2
CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO
18 U.S.C. SECTION 1350, AS ADOPTED PURSUANT TO
SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Annual Report of Enovix Corporation (the “Company”) on Form 10-K for the fiscal year ended December 31, 2023, as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Farhan Ahmad, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

(1)the Report, to which this Certification is attached as Exhibit 32.2, fully complies with the requirements of Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934, as amended; and

(2)the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.
/s/ Farhan Ahmad
Farhan Ahmad
Chief Financial Officer
(Principal Financial Officer and Principal Accounting Officer)

This certification accompanies the Report to which it relates, is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (whether made before or after the date of the Report), irrespective of any general incorporation language contained in such filing.


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed as of:2/29/24None on these Dates
Filed on:2/28/24
For Period end:12/31/23
 List all Filings 


13 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/09/23  Enovix Corp.                      10-Q       10/01/23   81:7.8M
 8/09/23  Enovix Corp.                      10-Q        7/02/23   74:6.2M
 5/05/23  Enovix Corp.                      10-Q        4/02/23   67:5M                                     Workiva Inc Wde… FA01/FA
 4/21/23  Enovix Corp.                      8-K:1,2,3,8 4/17/23   13:1.4M                                   Workiva Inc Wde… FA01/FA
 3/01/23  Enovix Corp.                      10-K        1/01/23  104:11M
 8/16/22  Enovix Corp.                      10-Q        7/03/22   64:5.5M
 3/25/22  Enovix Corp.                      10-K        1/02/22   92:12M                                    Donnelley … Solutions/FA
10/20/21  Enovix Corp.                      8-K:5,9    10/14/21   12:233K                                   Donnelley … Solutions/FA
 7/19/21  Enovix Corp.                      8-K:1,2,3,4 7/13/21   18:1.3M                                   Donnelley … Solutions/FA
 6/21/21  Enovix Corp.                      S-4/A                 91:15M                                    Toppan Merrill/FA
 5/10/21  Enovix Corp.                      S-4/A                 14:9.8M                                   Toppan Merrill/FA
 2/22/21  Enovix Corp.                      8-K:1,3,7,9 2/22/21   12:22M                                    Toppan Merrill/FA
11/25/20  Enovix Corp.                      S-1/A                 27:1.2M                                   Toppan Merrill/FA
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Filing Submission 0001828318-24-000021   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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