Worth noting that this battery is commercialized at their fab in Fremont.
They already went public via an SPAC reverse merger, with a nominal value around $1 billion.
The biggest concern is in the "Risks" section: "Our roadmap to improve our energy density requires us to implement higher energy density materials for both cathodes and anodes." That's a fundamental problem, and the story of too many wannabe battery makers. It would be much better if the SEC filing said they had a working prototype which met the announced specs, and the big risk was scaling up the manufacturing of the prototype.
The stock symbol is ENVX.
[1] https://www.sec.gov/ix?doc=/Archives/edgar/data/1828318/0000...
They also have a plan to push beyond the current (and very impressive) 900 Wh/L energy density.[1] It is those future-looking plans which may (or may not) require higher energy density materials on the anode and cathode.
[1] https://www.enovix.com/wp-content/uploads/2022/06/Ashok-Lahi...
The one picture of an actual battery shows it sitting on a huge heat sink.