Enovix Corporation (NasdaqGS:ENVX) entered into a Stock Purchase Agreement to acquire Routejade Inc. from Rene Limited for $98.2 million on September 18, 2023. consideration will be paid in cash $16.5 million and 6.2 million Enovix shares. The transaction is subject to customary closing conditions. The transaction is expected to close in Q4 2023. Aarthi Belani, Jae-Hyon Ahn, Lawrence Lee, Brian Burke, Creighton Macy, Lane Morgan and Kai Kramer of Baker & McKenzie LLP and Seonho Kim of KL Partners acted as legal advisor to Enovix Corporation.

Enovix Corporation (NasdaqGS:ENVX) completed the acquisition of Routejade Inc. from Rene Limited on November 1, 2023.