Government pondering a new rebate program for made-in-Canada EVs
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBC
6 minutes ago
- CBC
Important questions to ask when renewing a mortgage
Many Canadians don't know the difference between an early and regular mortgage renewal — but understanding it could save you thousands. Mark Ting joins us to explain the key differences and share the strategies he's used when locking in his own mortgage.
Global News
8 minutes ago
- Global News
Canada should ‘stand up' to U.S. after Trump tariff hike, B.C. forestry exec says
An executive in British Columbia's forestry industry says Canada should stand up to the United States, even after U.S. President Donald Trump raised tariffs to 35 per cent from 25 per cent on some goods. Brian Menzies, executive director of the Independent Wood Processors Association of British Columbia, says being 'kowtowed and pushed over' is neither good for Canada nor the United States. Menzies says 'people respect people who stand up for what's important for them,' and if Canada does not stand up now, it won't be in a 'strong position to advocate for what's important.' Story continues below advertisement Menzies' comments come after Trump had announced tariffs of 35 per cent on all Canadian goods outside the Canada-United States-Mexico Agreement on free trade. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy A statement from Premier David Eby's office says he remains focused on protecting workers and businesses in B.C. from the 'deeply harmful tariffs' imposed by Trump's administration. The statement says that Eby supports the federal government's efforts to get a 'good deal' for Canada, adding that he looks forward to speaking to Prime Minister Carney about the situation.
Globe and Mail
8 minutes ago
- Globe and Mail
Enovix Shareholder Reminder: Early Warrant Expiration Price Condition
FREMONT, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) -- Enovix Corporation (Nasdaq: ENVX, ENVXW) ('Company' or 'Enovix'), a leader in advanced silicon battery technology, today announced that the price of its common stock has exceeded $10.50 for nine trading days since the distribution of the warrants to purchase common stock (the 'Warrants'), currently traded on Nasdaq under ENVXW. Today's closing price for Enovix common stock was $10.71 per share, and the Warrants remain $1.96 in-the-money based on their $8.75 per share exercise price. The earliest expiration date for the Warrants remains August 19, 2025, subject to Enovix common stock continuing to trade above $10.50 for 20 of 30 trading days in accordance with the Warrant Agreement. Ryan Benton, Chief Financial Officer, stated, 'We've now completed nine consecutive trading days out of the twenty days required to trigger early expiration. There may be as few as eleven trading days left prior to expiration of the Warrants, after which the Warrants will no longer be tradable or exercisable. In the meantime, we encourage shareholders to act according to the timeline that best fits their individual circumstances.' Enovix expects to provide further periodic updates, including if and when the Early Expiration Price Condition is met. Further Information Relating to the Warrants For more information relating to the exercise mechanics and other terms of the Warrants, please refer to the materials filed by the Company with the Securities and Exchange Commission (the 'SEC') available at and the information posted on the Company's website at About Enovix Corporation Enovix is a leader in advancing lithium-ion battery technology with its proprietary cell architecture designed to deliver higher energy density and improved safety. The Company's breakthrough silicon-anode batteries are engineered to power a wide range of devices from wearable electronics and mobile communications to industrial and electric vehicle applications. Enovix's technology enables longer battery life and faster charging, supporting the growing global demand for high-performance energy storage. Enovix holds a robust portfolio of issued and pending patents covering its core battery design and manufacturing process. Enovix is headquartered in Silicon Valley with facilities in India, South Korea and Malaysia. For more information visit and follow us on LinkedIn. No Offer or Solicitation This press release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The issuance of the Warrants has not been registered under the Securities Act of 1933, as amended (the 'Securities Act'), as the distribution of a Warrant for no consideration does not constitute a sale of a security under Section 2(a)(3) of the Securities Act. A Form 8-A registration statement and prospectus supplement describing the terms of the Warrants were filed with the SEC and are available on the SEC's website located at Holders of Warrants should read the prospectus supplement carefully, including the Risk Factors section included and incorporated by reference therein. This press release contains a general summary of the Warrants. Please read the Warrant Agreement filed as an exhibit to the Company's Current Report on Form 8-K filed with the SEC on July 21, 2025 as it contains important information about the terms of the Warrants. Forward‐Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, about us, the Warrants and our business that involve substantial risks and uncertainties. Forward-looking statements generally relate to future events or our future financial or operating performance and can be identified by words such as anticipate, believe, continue, could, estimate, expect, intend, may, might, plan, possible, potential, predict, should, would and similar expressions that convey uncertainty about future events or outcomes. Forward-looking statements in this press release include, without limitation, our expectations regarding the Early Expiration Price Condition and the anticipated trading prices of our common stock. Actual results and outcomes could differ materially from these forward-looking statements as a result of certain risks and uncertainties, including, without limitation, those risks and uncertainties and other potential factors set forth in our filings with the SEC, including in the 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations' sections of our most recently filed annual report on Form 10-K and quarterly reports on Form 10-Q and other documents that we have filed, or that we will file, with the SEC. For a full discussion of these risks, please refer to Enovix's filings with the SEC, including its most recent Form 10-K and Form 10-Q, available at and Any forward-looking statements made by us in this press release speak only as of the date on which they are made and subsequent events may cause these expectations to change. We disclaim any obligations to update or alter these forward-looking statements in the future, whether as a result of new information, future events or otherwise, except as required by law.
