Ensurge Micropower ASA - Approval and publication of prospectus

Rhea-AI Summary

Ensurge Micropower (OTC:ENMPY) announced that the Norwegian Financial Supervisory Authority approved a prospectus for listing and offering new shares related to its private placement.

Key items:

• Private Placement total: 111,111,111 new shares
• Shares approved for listing: 93,146,782 Private Placement shares
• Subsequent Offering up to 22,222,222 shares; subscription 5 Dec 2025–12 Dec 2025
• Prospectus covers future listing of shares from investor and Corning warrants.

The Managers are Arctic Securities and DNB Carnegie; legal advisors were Ræder Bing and Thommessen.

Positive

• Norwegian FSA approved the prospectus for listing
• Listing of 93,146,782 Private Placement shares cleared
• Subsequent Offering launch starts 5 Dec 2025

Negative

• Potential dilution from up to 22,222,222 Subsequent Offering shares
• Future share issuance on warrants may further dilute shareholders

News Market Reaction

-7.79%

1 alert

-7.79% News Effect

On the day this news was published, ENMPY declined 7.79%, reflecting a notable negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Private Placement shares: 111,111,111 shares Subsequent Offering size: Up to 22,222,222 shares Shares approved for listing: 93,146,782 shares +5 more

8 metrics

Private Placement shares 111,111,111 shares Total new shares in Private Placement (Tranche 1 and 2)

Subsequent Offering size Up to 22,222,222 shares Maximum new shares in Subsequent Offering

Shares approved for listing 93,146,782 shares Private Placement Shares to be listed on Oslo Børs

Subscription start 5 December 2025, 09:00 CET Opening of Subsequent Offering subscription period

Subscription end 12 December 2025, 16:30 CET Close of Subsequent Offering subscription period

EGM approval date 3 December 2025 EGM approval for Tranche 2 and Subsequent Offering

Prior EGM date 8 August 2025 EGM issuing warrants to July 8 private placement investors

Private placement announcement 8 July 2025 Date of earlier private placement tied to warrants

Market Reality Check

Price: $0.2600 Vol: Volume 6,321 is 2.46x the...

high vol

$0.2600 Last Close

Volume Volume 6,321 is 2.46x the 20-day average of 2,573 shares. high

Technical Price $0.35 is trading below the 200-day MA at $0.46 ahead of new listings.

Peers on Argus

ENMPY gained 1.41% with elevated volume, while peers were mixed: IEHC up 4.52%, ...

ENMPY gained 1.41% with elevated volume, while peers were mixed: IEHC up 4.52%, ZTSTF up 2.35%, HLRTF up 1.69%, and others flat. This points to a stock-specific reaction rather than a broad electronic components move.

Historical Context

5 past events · Latest: Dec 04 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 04	Prospectus approval	Negative	-7.8%	Prospectus approval for listing private placement and subsequent offering shares.
Nov 13	Capital increase	Neutral	+0.0%	Registration of share capital increase from Tranche 1 of private placement.
Nov 12	EGM notice	Neutral	+12.5%	Notice of EGM addressing private placement, subsequent offering, and warrants.
Nov 10	Ex-date notice	Neutral	+0.0%	Announcement of ex-date for possible repair issue/subsequent offering.
Nov 10	Ex-date notice (NO)	Neutral	+0.0%	Norwegian-language notice of ex-date for potential repair issue.

Pattern Detected

Recent news flow has centered on private placements and related corporate actions. Share reactions were muted around most capital-raising steps, but the approved prospectus for listing and subsequent offering coincided with a notable negative move.

Recent Company History

Over the last month, Ensurge Micropower has issued several updates tied to equity issuance and corporate actions. On Nov 10, the company flagged an ex-date for a potential repair issue/subsequent offering. A Nov 12 Extraordinary General Meeting notice outlined private placement, subsequent offering, and warrants to Corning. On Nov 13, the company registered a share capital increase from a 111,111,111-share private placement. The current Dec 04 prospectus approval enables listing of 93,146,782 placement shares and a subsequent offering, extending this capital-raising sequence.

Market Pulse Summary

The stock moved -7.8% in the session following this news. A negative reaction despite the procedural...

Analysis

The stock moved -7.8% in the session following this news. A negative reaction despite the procedural nature of the announcement fits a pattern where investors focused on the impact of new shares and follow-on offerings. Recent history showed that prospectus approval and related equity actions coincided with notable downside in at least one case. Continued attention to the size and timing of new share listings and warrant exercises could be important when assessing how further financing steps might influence sentiment.

Key Terms

prospectus, private placement, subsequent offering, warrants, +1 more

5 terms

prospectus regulatory

"subject to approval of a prospectus ("Prospectus") by the Norwegian"

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

private placement financial

"regarding the successful private placement of 111,111,111 new shares"

A private placement is a way for companies to raise money by selling securities directly to a small group of investors instead of through a public offering. This process is often quicker and less regulated, making it similar to offering a special, exclusive investment opportunity to select individuals or institutions. For investors, it can provide access to unique investment options that are not available on public markets.

subsequent offering financial

"launch of a potential subsequent offering of up to 22,222,222 new"

An subsequent offering is when a company issues and sells more of its stock after its initial public offering, similar to a bakery cutting and selling extra slices after the first batch. It matters to investors because it raises money for the business but usually reduces each existing shareholder’s percentage ownership and can put downward pressure on the share price, so investors watch the size, purpose and pricing of the sale.

warrants financial

"future listing of shares issuable upon any exercise of the warrants"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

oslo børs regulatory

"for the listing on Oslo Børs of 93,146,782 of the Private Placement"

Oslo Børs is Norway’s main securities exchange where shares, bonds and other financial instruments are bought and sold; think of it as a central marketplace where buyers and sellers meet under rules that keep trading orderly. It matters to investors because prices set on this exchange reflect real-time value for companies listed there and affect access to capital, liquidity and risk exposure—similar to how an auction price guides what something is worth and how easily it can be sold.

AI-generated analysis. Not financial advice.

Oslo, 4 December 2025

Reference is made to the stock exchange announcement published by Ensurge Micropower ASA ("Ensurge" or the "Company") on 9 November 2025 regarding the successful private placement of 111,111,111 new shares ("Private Placement" and the "Private Placement Shares"), divided into Tranche 1 and Tranche 2, and  launch of a potential subsequent offering of up to 22,222,222 new shares (the "Subsequent Offering" and the "Subsequent Offering Shares"). Tranche 2 of the Private Placement and the Subsequent Offering was subject to approval by the Extraordinary General Meeting of the Company held on 3 December 2025. Such approval was obtained. 

As stated in the stock exchange announcement on 9 November 2025, the listing of 93,146,782 of the Private Placement Shares and the offering and listing of the Subsequent Offering Shares remain subject to approval of a prospectus ("Prospectus") by the Norwegian Financial Supervisory Authority ("Norwegian FSA") and the subsequent publication by the Company of such Prospectus. 

The Norwegian FSA has approved the Prospectus, which has been prepared by the Company for the listing on Oslo Børs of 93,146,782 of the Private Placement Shares and the offering and listing of the Subsequent Offering Shares, as well as the future listing of shares issuable upon any exercise of the warrants issued by the 8 August 2025 Extraordinary General Meeting to the investors participating in the private placement announced on 8 July 2025 and the warrants issued to Corning Incorporated by the 3 December 2025 Extraordinary General Meeting. 

The subscription period for the Subsequent Offering starts on 5 December 2025 at 09:00 CET and expires on 12 December 2025 at 16:30 CET. 

For further information on the Subsequent Offering, please refer to the Prospectus. The Prospectus will be available on the websites of Arctic Securities AS at https://arctic.com/offerings and DNB Carnegie, a part of DNB Bank ASA, at https://www.dnb.no/emisjoner, which have acted as managers and bookrunners in connection with the Private Placement and the Subsequent Offering (the "Managers"). Ræder Bing advokatfirma AS acted as the Company's legal advisor. Advokatfirmaet Thommessen AS acted as legal advisor to the Managers. 

About Ensurge Micropower:
Ensurge (www.ensurge.com) powers the future of AI-enabled devices with advanced microbattery technology that delivers unmatched performance and safety. From its base in San Jose, California, the Company's team of battery specialists have pioneered thin-film batteries produced on high-precision roll-to-roll production processes. These innovations enable new possibilities in form-factor-constrained applications across consumer, medical, and industrial markets. Ensurge partners with leading global customers to accelerate their products to market and is listed on the Oslo Stock Exchange. For more news and information on Ensurge, please visit https://www.ensurge.com/news-room. 

For more information, please contact: 
Shauna McIntyre - Chief Executive Officer 
E- mail: shauna.mcintyre@ensurge.com

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

FAQ

What did Ensurge Micropower (ENMPY) announce on 4 December 2025?

The company announced Norwegian FSA approval of a prospectus for listing Private Placement and Subsequent Offering shares.

How many new shares were placed in Ensurge's private placement (ENMPY)?

The private placement comprised 111,111,111 new shares in total.

How many Private Placement shares are approved for listing for ENMPY?

93,146,782 of the Private Placement shares were approved for listing.

What is the size and timing of Ensurge's Subsequent Offering (ENMPY)?

The Subsequent Offering is up to 22,222,222 shares; subscription opens 5 Dec 2025 and closes 12 Dec 2025.

Will warrant exercises affect ENMPY shareholder dilution?

Yes; the prospectus covers future listing of shares issuable on warrant exercises, which may dilute shareholders.