Ensurge Micropower ASA - Extraordinary General Meeting held on 14 October 2024

Rhea-AI Summary

An Extraordinary General Meeting of Ensurge Micropower ASA was held electronically on 14 October 2024. All agenda items were approved as proposed by the board of directors, including the approval of Tranche 2 of the private placement and the subsequent offering, both announced on 19 September 2024.

Ensurge Micropower is a company that develops ultrathin, flexible, and safe solid-state lithium microbatteries for the 1-100 mAh class. These batteries are designed for wearable devices, connected sensors, and IoT applications. The company's manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods to bring their innovative technology to market.

Positive

• Approval of Tranche 2 of the private placement and subsequent offering
• Innovative ultrathin, flexible solid-state lithium microbattery technology
• State-of-the-art manufacturing facility in Silicon Valley
• Patented process technology combined with roll-to-roll production methods

Negative

• None.

Oslo, 14 October 2024 

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 approval of Tranche 2 of the private placement and the subsequent offering, both as announced on 19 September 2024. 

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 harvesting 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

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) Extraordinary General Meeting on 14 October 2024?

The Extraordinary General Meeting approved all items on the agenda, including Tranche 2 of the private placement and the subsequent offering, both of which were announced on 19 September 2024.

What is Ensurge Micropower's (ENMPY) main product?

Ensurge Micropower's main product is an ultrathin, flexible, reliable, and safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of devices.

Where is Ensurge Micropower's (ENMPY) manufacturing facility located?

Ensurge Micropower's state-of-the-art manufacturing facility is located in the heart of Silicon Valley.

What applications are Ensurge Micropower's (ENMPY) microbatteries designed for?

Ensurge Micropower's microbatteries are designed for wearable devices, connected sensors, and IoT applications, including hearables, digital and health wearables, sports and fitness devices, and IoT sensor solutions.