Park West Asset Management LLC - Jul 14, 2021 Form 4 Insider Report for Enovix Corp (ENVX)

Role
10%+ Owner
Signature
/s/ Grace Jimenez, Chief Financial Officer of Park West Asset Management LLC
Stock symbol
ENVX
Transactions as of
Jul 14, 2021
Transactions value $
$29,999,998
Form type
4
Date filed
7/16/2021, 09:13 PM
Previous filing
Jun 7, 2021
Next filing
Jul 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ENVX Common stock, par value $0.0001 Purchase $30M +2.14M +49.83% $14.00 6.44M Jul 14, 2021 See Footnote F1
transaction ENVX Common stock, par value $0.0001 Other +6.03M +93.59% 12.5M Jul 14, 2021 See Footnote F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Park West Asset Management LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The Reporting Person is the investment manager to Park West Investors Master Fund, Limited, a Cayman Islands exempted company ("PWIMF"), and Park West Partners International, Limited, a Cayman Islands exempted company ("PWPI"). Peter S. Park ("Mr. Park"), through one or more affiliated entities, is the controlling manager of the Reporting Person. On July 14, 2021, the date of the transaction reported in this report, PWIMF held 11,348,649 shares of common stock, par value $0.0001 ("Common Stock"), of Enovix Corporation (the "Issuer") and PWPI held 1,123,976 shares of Common Stock. The Reporting Person's and Mr. Park's beneficial ownership is limited to their pecuniary interest, if any, in such securities.
F2 On July 14, 2021, pursuant to an agreement and plan of merger (the "Merger Agreement") by and among Rodgers Silicon Valley Acquisition Corp. ("RSVA"), RSVAC Merger Sub Inc., a wholly-owned subsidiary of RSVA ("Merger Sub"), and Enovix Corporation ("Enovix"), the Issuer completed its initial business combination (the "Business Combination"). Pursuant to the Merger Agreement, Merger Sub merged with and into Enovix with Enovix surviving the merger as a wholly owned subsidiary of RSVA. As a result of the Business Combination, RSVA changed its name to Enovix Corporation. In connection with the consummation of the Business Combination, each share of Enovix Series P-2 Preferred Stock, par value $0.001 per share, held in the aggregate by PWIMF and PWPI was converted into an aggregate of 6,029,768 shares of the Issuer's Common Stock.