Enovix SPAC Presentation Deck

Scorecard Category 1. Technology and Products 2. Manufacturing and Scale-Up 3. Commercialization 4. Market Expansion 5. Financials 13 Milestone EX-1: 900 Wh/L energy density 2022 EX-2: 1,030 Wh/L energy density 2023 EX-3: 1,255 Wh/L energy density 2025 Fab-1: First revenue Q2 2022 Fab-2: First revenue Q2 2023 Progress funnel to revenue Broaden end market applications $1 billion+ annualized revenue by Q425 with 50% GM and 30% EBIT Quarterly Update . ● ● ● ● ● ● Shipped tech qualification samples to customers Met key battery performance specs for two of our lead customers All key equipment installed in Fab-1 and in qualification stage Hired Boris Bastien as VP - Operations (formerly GM of SunPower's Fab-4) Active Designs + Design Wins $292 million as of June 30, 2021 Order booked in wearable device space worth up to $20 million Defense market: U.S. Army demonstration contract Completed EV module study validating energy density, thermal properties (enabling fast charge), and module design advantages $1.17 billion total revenue funnel (includes engaged opportunities) Strategic agreement in premium market segment (wearables) ENOVIX

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