Ensurge Micropower ASA - Extraordinary General Meeting held on 11 February 2025
Rhea-AI Summary
Ensurge Micropower ASA held an Extraordinary General Meeting electronically on February 11, 2025. The meeting approved all agenda items proposed by the board of directors, including the issuance of 20,000,000 warrants to participants in the private placement announced on January 20, 2025. Each warrant has an exercise price of NOK 1.
The company specializes in developing ultrathin, flexible solid-state lithium microbatteries for the 1-100 milliampere-hour (mAh) class of devices. Their technology targets applications in hearables, digital and health wearables, sports devices, and IoT sensor solutions. Ensurge operates a manufacturing facility in Silicon Valley, combining patented process technology with roll-to-roll production methods.
Positive
- Successful approval of 20,000,000 warrants issuance
- Strategic positioning in growing wearables and IoT markets
- Advanced manufacturing facility in Silicon Valley with patented technology
Negative
- Potential dilution from 20,000,000 new warrants at NOK 1 exercise price
Oslo, 11 February 2025
An Extraordinary General Meeting in Ensurge Micropower ASA (the "Company") was held today as an electronic meeting. All items on the agenda were adopted in accordance with the proposals of the board of directors of the Company, including the issuance of 20,000,000 warrants to the participants in the private placement announced on 20 January 2025, each warrant having an exercise price of NOK 1.
About Ensurge Micropower
Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy hrvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets.
For more information: Lars Eikeland, Chief Executive Officer E-mail: lars.eikeland@ensurge.com (mailto:lars.eikeland@ensurge.com)
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
FAQ
What was approved at Ensurge Micropower's (ENMPY) February 11, 2025 EGM?
What is the exercise price for ENMPY's newly approved warrants?
How many warrants did ENMPY approve at the February 2025 EGM?
What markets does Ensurge Micropower (ENMPY) target with its microbatteries?
What is the capacity range of ENMPY's microbatteries?
