Enovix Corporation ($ENVX) has announced a public offering of common stock, leading to a pre-market decline of 9.4% in its share price. The company had previously filed a shelf registration, allowing it to sell up to $100 million worth of stock. Concerns have been raised regarding the timing and communication surrounding this equity offering, especially in light of recent earnings announcements and future projections. Some analysts suggest that the capital raised may be necessary for expanding production capabilities to meet customer demands. Despite the skepticism, there is confidence that Enovix's leadership will navigate these financial challenges effectively, focusing on battery production and execution.