# Rodgers Silicon Valley Acquisition to merge with Enovix for $1.1 billion

Rodgers Silicon Valley Acquisition Corp, a SPAC founded by former Cypress CEO TJ Rodgers, will merge with Enovix Corp, a lithium-ion battery manufacturer, in a deal valued at $1.1 billion including debt.

- Type: Acquisition
- Announced: 2021-02-22
- Where: United States
- Value: $1.10B
- Status: announced
- Products: lithium-ion batteries
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Enovix Corporation](https://endata.com/companies/46229.md) (target)
- [Rodgers Silicon Valley Acquisition Corp](https://endata.com/companies/53441.md) (acquirer)

## Sources

- [asharqbusiness.com](https://asharqbusiness.com/financial-markets/3630/%D8%B1%D9%88%D8%AF%D8%AC%D8%B1%D8%B2-%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B3%D9%8A%D8%A8%D8%B1%D8%B3-%D8%A7%D9%84%D8%B3%D8%A7%D8%A8%D9%82-%D9%8A%D8%B4%D8%A7%D8%B1%D9%83-%D8%A8%D8%B5%D9%81%D9%82%D8%A9-%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D9%84%D8%B4%D8%B1%D9%83%D8%A9-%D8%B4%D9%8A%D9%83-%D8%B9%D9%84%D9%89-%D8%A8%D9%8A%D8%A7%D8%B6/), 2021-02-24: "ستندمج مع شركة "إنوفيكس كورب" (Enovix Corp)، وهي شركة لتصنيع بطاريات "الليثيوم أيون"، في صفقة تبلغ قيمتها 1.1 مليار دولار بما في ذلك الديون"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.