Shares of Enovix Corp. ENVX rose more than 1% in the extended session Wednesday after the battery maker said it has agreed to buy privately held Korean battery maker Routejade in a cash and stock deal. Enovix will pay $16.5 million in cash and about 6.2 million of its shares for the company. “The acquisition provides Enovix with vertical integration of electrode coating and battery-pack manufacturing while adding an established lithium-ion battery business with factories in Korea, along with complementary products, customers, and suppliers,” the Fremont, Calif., company said in a statement. The deal is expected to close…
