BOSTON, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Block & Leviton is investigating Enovix Corp. (Nasdaq: ENVX) for potential securities law violations. Investors who have lost money in their Enovix investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/envx.

What is this all about?

Block & Leviton is investigating whether Enovix and certain of its executives misled investors about how close its AI-1 silicon-anode battery cells were to qualifying for use in smartphones. During 2026, management described smartphone qualification as nearly complete. In February, then-CEO Raj Talluri said customer samples had met energy-density requirements, and in August management said only one final accelerated cycle-life test remained. On November 12, 2026, alongside its third-quarter results, Enovix disclosed that its AI-1 cells had missed their energy-density target, that it would not proceed with smartphone field testing, and that it was shifting development toward smart eyewear; it also announced a restructuring cutting 220 positions. On this news, Enovix's stock fell approximately 14%.

Who is eligible?

Anyone who purchased Enovix common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at shareholders@blockleviton.com, or by phone at (888) 256-2510.

Whistleblower?

If you have non-public information about Enovix, you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at whistleblowers@blockleviton.com or by phone at (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website, www.blockleviton.com, call (888) 256-2510 or email shareholders@blockleviton.com with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: shareholders@blockleviton.com