Rodgers Silicon Valley Acquisition Corp
RSVA · Nasdaq
NO ACTION REQUIRED
Nothing left to do
The purchase completed and the shares became shares in the company it bought. There is no deadline left to miss.
Cash at settlement
No cash-per-share figure was filed for this vehicle before it finished.
Last close
Daily close
No price history on file yet — daily closes accumulate from the market data feed.
Trust settled · There is no line to draw here. This vehicle has finished: the cash was paid back or spent closing the deal, so the last filed figure describes an account that no longer exists and would be a floor under nothing.
SpacBrain’s read
Trust settled
The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
In plain terms
- What it is
- A SPAC from Rodgers Capital, LLC, listed on Nasdaq in December 2020.
- What it's doing now
- It agreed to buy Enovix Corp. That purchase completed, and it stopped being a SPAC — the shares became shares in the business it bought.
- What you should know
- This SPAC has finished. The purchase completed, and the shares became shares in the company it bought — anyone who wanted the cash instead asked for it at the vote, so there is no cash left here to claim and no deadline left to miss.
At a glance
- Where it stands
- Closed (deSPAC)
- The business it bought
- Enovix Corp — Enovix is the leader in advanced silicon-anode lithium-ion battery development and production.
- Industry
- the deal record does not name the target's industry yet
- Deal value
- not stated in the filings we hold
- Price vs cash at settlement
- no live price on file
- Cash in trust when it settled
- not yet extracted into a snapshot — the filings below may state it
- the last trust total filed while this was still a SPAC — the account has since been paid out or used to close the deal
- IPO
- 2 December 2020
- size not on file
- Headquarters
- 3501 W. WARREN AVENUE, FREMONT, CA, 94538
- Lead underwriter
- not extracted from the prospectus yet
- Key officers
- Truong Kristina (Chief Accounting Officer) · Chakravarthy Arthi (Chief Legal Officer) · Talluri Rajendra K (Director)
- Listed securities
- RSVA common
This vehicle has finished, so there is no window to file a cash-per-share figure for and none will follow. No estimate is shown in its place.
Nothing dated is on file. That is an absence in the record, not a statement that nothing is coming.
Yield to redemption
Nothing left to redeem — no yield to compute.
This SPAC has finished — its trust was paid back or used to close the deal, so there is nothing left to redeem and no yield to compute. A yield to redemption is a claim that you can hand these shares back for the trust cash. That account is closed, so this page will not print a number here.
What happened to the cash
The reasoning behind the verdict above, in the order the filings establish it.
- The deal closed — SPAC shares became the target's shares, so there is no trust left to redeem (nobody missed a window; holders who wanted cash elected it at the vote).
What has happened, and what is coming
1 dated milestoneEvery dated step from the day it listed to the next date you may have to act on. Where you have to do something, the day your broker needs the instruction is marked too.
- 2 December 2020IPOpassed
IPO size not on file
The deal
terms as filedWhat it is buying, on what terms, and how much of the combined company new shares take from you.
- closed
What Enovix Corp does — read from enovix.com on 26 August 2026
Enovix is a 100% active silicon anode battery manufacturer that delivers next-generation high energy density lithium-ion cells built for the AI era. The company offers flexible battery solutions for various applications including smartphones, smart glasses, wearables, IoT, aerial drones, industrial and medical devices, and electric vehicles.
SmartphonesSmart GlassesWearables & IoTAerial DronesIndustrial & MedicalElectric Vehicles
The score
deterministic, from filed fieldsRSVA is not in the scored universe, so no score is shown. A withheld score is a fact about the record, not a verdict about the company.
The score is only published for names that carry both a price and a filed cash-per-share figure — 294 of the tracked fleet today. The rest keep an empty dial rather than a modelled one, and fill in by themselves as the fields land.
The company
from SEC filingsRead the full profile
Rodgers Silicon Valley Acquisition Corp was a blank-check company that listed its common stock on the Nasdaq Stock Market under the ticker RSVA. The company priced its initial public offering on December 2, 2020, pursuant to a 424B prospectus filed under SEC file number 333-250042. The registrant was assigned SEC CIK 0001828318 and SIC code 3690. It completed a business combination and no longer files, with a change in shell company status established by an 8-K filed on July 19, 2021. EDGAR now files this CIK as Enovix Corp.
Material findings
from the full read of every filingEvery document this company files gets read whole — body and exhibits. These are the ones the read flagged as material, newest first, each citing its filing.
The company is now led by an interim CEO who also holds the CFO role, with the founder-chairman moving to an executive position. Q3 2026 guidance issued five days before the resignation is reaffirmed in the same announcement.
This summary is drawn from the cover page and forward-looking section of the report; the financial statements are not covered here. The quarter's figures are stated in the company's earnings release filed the same day (accession 0001828318-26-000055). Note the fiscal-calendar period end of July 5, 2026, not June 30.
Smartphone qualification is not complete: one accelerated test remains, expected to finish in Q4 2026, with field testing to follow. The $183 million pipeline is an internal estimate of potential peak annual value, not backlog or orders. Gross margin fell by roughly 11 points year over year on mix.
105,000,000 shares is the whole registered issuance and it already absorbs the option and warrant overhang, so exercise of those instruments does not add to the ceiling. The $187,448.25 is a Rule 457(f)(2) figure — Enovix is private, no market exists for its securities and it has an accumulated deficit, so the price is one-third of the aggregate par value of the securities to be exchanged, including those issuable on exercise of options — and says nothing about value.
The $187,448.25 is a Rule 457(f)(2) construct rather than a valuation: Enovix is private, no market exists for its securities and it has an accumulated deficit, so the proposed maximum aggregate offering price is one-third of the aggregate par value of the Enovix securities expected to be exchanged, including securities issuable on exercise of options. The figure that carries meaning is 105,000,000 — the ceiling on shares issuable to Enovix holders, already inclusive of equity plan and warrant shares.
The $187,448.25 is a Rule 457(f)(2) construct rather than a valuation: Enovix is private, no market exists for its securities and it has an accumulated deficit, so the proposed maximum aggregate offering price is one-third of the aggregate par value of the Enovix securities expected to be exchanged, including securities issuable on exercise of options. The figure that carries meaning is 105,000,000 — the ceiling on shares issuable to Enovix holders, which already folds in equity plan and warrant shares rather than leaving them as separate overhang.
Show 1 more material filings
The 105,000,000 shares are the consideration to Enovix's common holders and to holders of rights under any Enovix equity incentive plan or Enovix warrants, so option and warrant holders sit inside the registered count rather than on top of it. The Nasdaq Proposal asks holders to approve issuing more than 20% of the outstanding stock and the resulting change in control under Rules 5635(a) and (b), and separately more than 20% in the PIPE Financing under Rule 5635(d), so the change of control is voted on explicitly rather than implied.
Filings
live EDGAR feedEverything this company has filed with the SEC recently, newest first, each with a plain summary of what changed and why it matters.
What changed: Item 5.02 8-K of Enovix Corporation (Nasdaq: ENVX), filed under Rodgers Silicon Valley Acquisition Corp's CIK. On August 13, 2026 Dr. Raj Talluri resigned as President, Chief Executive Officer and director to pursue another opportunity; the filing states the resignation was not the result of any disagreement on operations, policies or practices, and that he will assist with an orderly transition. On August 14, 2026 the Board appointed Thurman J. Why it matters: The company is now led by an interim CEO who also holds the CFO role, with the founder-chairman moving to an executive position. Q3 2026 guidance issued five days before the resignation is reaffirmed in the same announcement.
What changed: Quarterly report of Enovix Corporation (Nasdaq: ENVX) for the fiscal quarter ended July 5, 2026, compared with the fiscal quarter ended June 29, 2025 and a fiscal year-end of December 28, 2025. As of August 7, 2026 there were 219,448,535 shares of common stock outstanding. Why it matters: This summary is drawn from the cover page and forward-looking section of the report; the financial statements are not covered here. The quarter's figures are stated in the company's earnings release filed the same day (accession 0001828318-26-000055). Note the fiscal-calendar period end of July 5, 2026, not June 30.
What changed: Exhibit 99.1 to an 8-K of Enovix Corporation (Nasdaq: ENVX): the August 12, 2026 press release reporting Q2 2026 results. Revenue was $9.0 million, up 21% year over year and 19% sequentially, at the high end of guidance and the fifth consecutive quarter of year-over-year growth; year-to-date revenue was $16.6 million, up 32%. GAAP gross margin was 14.4% and non-GAAP 19.9%, down 11.6 and 10.9 percentage points year over year on a shift in product mix; GAAP net loss per share was $0.20 and non-GAAP $0.13. Why it matters: Smartphone qualification is not complete: one accelerated test remains, expected to finish in Q4 2026, with field testing to follow. The $183 million pipeline is an internal estimate of potential peak annual value, not backlog or orders. Gross margin fell by roughly 11 points year over year on mix.
Show the other 10 filings
The sponsor
The people who set this company up, what they have done before, and the advisers around the deal.
Rodgers Capital, LLCnamed as sponsor in this SPAC’s filings — but with no researched track record behind it yet.
A missing score, not a score of zero — why
A Sponsor Score is only published once the sponsor’s prior vehicles have been verified on EDGAR and their post-close outcomes priced. That record does not exist for this sponsor yet, so no number and no tier is shown. That is a missing score, not a score of zero — and not a neutral 50 either.
Coverage so far: 301 of 1284 tracked SPACs (23%) are attached to a scored sponsor. This card fills in by itself as the research lands.
The record
The reference detail — how the shares were structured at listing, how thinly they trade, and where the company is registered.
Show the reference detail
Unit structure
from 424B3 0001828318-23-000029
Trading & liquidity
Company profile
Directors & officers
- Truong KristinaChief Accounting Officer
- Chakravarthy ArthiChief Legal Officer
- Talluri Rajendra KDirector
- Vyvoda MichaelChief Operating Officer
Institutional holders
from SC 13G/13DFunds that have declared a stake above 5%. Heavy ownership by arbitrage funds usually means heavy cash-outs at the next vote.
Show the declared stakes
8 filers with a stake on file · 0 re-affirmed in the last 12 months. A stake with no amendment since is the filer’s last word on it, not proof it is still held — and percentages filed in different years are percentages of different floats, because this vehicle’s share count collapses at every redemption.
- RODGERS THURMAN Jwith 3 other reporting persons on the same schedule15.7% · SC 13D/AFeb 14, 2023 stale
- VANGUARD GROUP INC7.7% · SC 13G/AFeb 13, 2024 stale
- BlackRock Inc.5.9% · SC 13GJan 29, 2024 stale
- Eclipse GP III, LLCwith 2 other reporting persons on the same schedule4.8% · SC 13G/AJan 25, 2023 stale
- Electron Capital Partners, LLCwith 5 other reporting persons on the same schedule4.7% · SC 13G/AJan 11, 2022 stale
- GILDER GAGNON HOWE & CO LLC3.0% · SC 13G/AFeb 14, 2022 stale
- Park West Asset Management LLCwith 2 other reporting persons on the same schedule0.7% · SC 13G/AFeb 14, 2024 stale
- York Capital Management Global Advisors, LLC0.0% · SC 13G/AMar 23, 2022 stale
One line per filer, not per reporting person: a joint schedule names the management company, its funds and often the individual who controls them, and all of them report the same shares. Click a name for that filer’s whole footprint across every SPAC it has declared a stake in.
News
company wires and the financial pressReporting we have matched to this ticker. Headlines belong to the outlets that wrote them.
Show the headlines
- Enovix Secures $45 Million from Investors and Customers to Produce and Commercialize its 3D Silicon™ Lithium-ion Battery
PR Newswireundated by the source
- Battery start-up Enovix begins trading after SPAC merger in latest clean tech deal
CNBCundated by the source
- Advanced Silicon Battery Company Enovix to Become a Public Company Through Merger with Rodgers Silicon Valley Acquisition Corp.
PR Newswireundated by the source
Sources on file
harvested pages, kept in fullEvery public page we have read about this company, stored in full so a source can never go missing.
Show the sources
35 full SEC filing texts archived — searchable, never lost.
- Vault note — RSVA (Rodgers Silicon Valley Acquisition Corp)
vault-note · /vault/tickers/RSVA
- Vault deal note — Enovix Corp (RSVA)
vault-note · /vault/deals/enovix-corp
- Enovix Secures $45 Million from Investors and Customers to Produce and Commercialize its 3D Silicon™ Lithium-ion Battery
news · prnewswire.com
- Ihre Datenschutzeinstellungen
news · consent.yahoo.com
- Enovix | 100% Active Silicon Anode Battery Manufacturer | High Energy Density Lithium-Ion Cells
company-site · enovix.com
In plain English
tap a term to open itEvery piece of jargon this page could have used, and what it actually means.
Open the plain-English guide
No floor / floorlessthe cash guarantee is gone — the price is unprotected
A SPAC's downside protection is not the cash in trust; it is your right to demand that cash. Once the redemption window closes, the cash stays with the company and the share can trade anywhere.
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Broker action datethe day your broker needs the instruction — earlier than the official date
Brokers batch redemption instructions to the transfer agent, so the practical cutoff is roughly two business days before the published deadline. This is the date that actually costs people the floor.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Trust discountbuying below the cash held for you
Only meaningful while a redemption right exists. On a floorless name the same arithmetic is not a discount, it is the market pricing distress, and this product will not call it a yield.
Dilutionhow much of the company new shares take from you
Sponsor promote, PIPE shares, warrants and rights all issue stock that did not pay $10 for it. The headline deal value is before that; the effective value is after.
Pro-forma equitywhat the company is valued at once the deal closes
The combined company's equity value assuming the announced terms and the redemptions that have actually happened.
ARShow much upside you get per unit of downside
SpacBrain's asymmetric-return score. It is deterministic — the same inputs always produce the same number — and it is capped, not zeroed, when the floor is gone.
De-SPACthe day the SPAC becomes the real company
The shares stop being a claim on a pot of cash and start being equity in an operating business. Roughly 80% of recent de-SPACs traded below $10 within a year.
Outside datethe contractual long-stop for closing the deal
A deadline between the SPAC and its target, not between the SPAC and you. It confers no right to cash, which is exactly why it must never be counted as a redemption window.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.
Accreted NAV (estimate)the last filed cash figure, plus the interest it should have earned since
A model, not a filing: last filed value compounded at the 3-month T-bill for the days elapsed. Always shown in italic with the word estimate, and never printed beside a filed number without it.
Ask the brain
from its filingsData provenance & audit trail3 internal entries
Written by SpacBrain’s data agents whenever a figure is captured, corrected or flagged, and kept verbatim so every number on this page can be traced back to the filing that states it. This is a running log, not the current record: an early entry may be superseded by a later correction — the panels above always hold the current values.
admitted from EDGAR's QUARTERLY FORM INDEX, walked without any SIC filter. The SIC 6770 census could not reach this registrant: EDGAR reassigns a shell's SIC the day it stops being one, and this CIK now files under 3690 (Miscellaneous Electrical Machinery, Equipment & Supplies). The screen found it by filing SHAPE instead — S-1 2020-11-12 → 8-A12B 2020-12-01 → 424B4 2020-12-02 — which nothing rewrites. Admission rule: src/lib/universe-admit.ts. SIC 3690 + self-described blank check in 424B4 0001104659-20-131522; 424B 0001104659-20-131522 priced 2020-12-02 under S-1 0001104659-20-124492 (file 333-250042, an offering for cash); common ticker RSVA off 10-Q 0001104659-21-070110 (2021-05-21); lifecycle EXITED. The pricing prospectus was filed under SEC file number 333-250042, which belongs to S-1 0001104659-20-124492 (2020-11-12) — a registration of shares sold for CASH, which is what makes it an IPO rather than merger consideration. Blank-check status from the registrant's own first-person sentence in that prospectus (EDGAR full-text search, 424B4 2020-12-02). Ending PROVEN, not inferred: CLOSED per 8-K 0001193125-21-218701 (2021-07-19) — 8-K item 5.06 "Change in Shell Company Status" (EDGAR item index, items: 1.01,2.01,3.02,3.03,4.01,5.02,5.03,5.06,9.01). EDGAR now files this CIK as "Enovix Corp" — the SPAC's own name is kept here and the successor is the target. ipoSizeM and deadline left NULL: gross-proceeds prose conflates the over-allotment with the offering, and a charter deadline belonging to a vehicle that has ended is a date nobody can act on. ipoDate is the 424B pricing date.
sponsor "Rodgers Capital, LLC" sourced from prospectus definition (10-K/A) acc 0001104659-21-061139.
[CLOSED-RENAME] EDGAR CIK 0001828318 records "Rodgers Silicon Valley Acquisition Corp" ending 2021-07-14; the registrant continues as "Enovix Corp". The rename is the SEC's own record of what the vehicle became, keyed by CIK. Closed 2021-07-14. No deal value is set — a rename says what was acquired, never for how much. No date column is set: Deal has announcedAt, voteDate and expectedCloseAt and nowhere to record an actual close, so the SEC's date is kept here until that column exists.