Ensurge Micropower ASA – Grant of Incentive Subscription Rights

Rhea-AI Summary

Ensurge Micropower ASA (ENMPY) has granted 385,000 incentive subscription rights to US employees under its 2025 incentive plan. The subscription rights have an exercise price of NOK 1.3294 per share, with a vesting schedule of 50% after one year and 50% after two years, expiring on August 8, 2030.

Ensurge is a Silicon Valley-based company specializing in ultrathin, flexible solid-state lithium microbatteries. With 40 specialists, the company focuses on applications in hearables, wearables, and IoT devices. Their manufacturing approach combines patented technology with roll-to-roll production methods, with plans to outsource large-scale production to specialized partners.

Positive

• None.

Negative

• Current production facilities limited to prototyping and small-scale manufacturing
• Dependency on future partnerships for large-scale production

The Board of Directors of Ensurge Micropower ASA (the "Company") has today resolved to grant a total of 385,000 incentive subscription rights to certain US employees in the Ensurge group. The grant was made under the Company's 2025 incentive subscription rights plan, as approved at the Extraordinary General Meeting held in the Company on 8 August 2025. The exercise price of the subscription rights is calculated to NOK 1.3294 per share. 

50% of the subscription rights will become vested and exercisable on the one-year anniversary of the date of grant, and the remaining 50% will become vested and exercisable on the two-year anniversary of the date of grant. The subscription rights expire on 8 August 2030. 

The subscription rights otherwise follow the terms and conditions of the Company’s 2025 Subscription Rights Incentive Plan. 

About Ensurge Micropower: 

Ensurge is energizing innovation with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery. 

With a workforce of forty top-tier specialists based in the world's technology capital, Silicon Valley, Ensurge has developed a future-oriented and innovative microbattery technology. The microbattery is ideal for form-factor-constrained applications, including hearables, 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 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.

Ensurge's production facilities are optimized for prototyping and small-scale manufacturing. To scale efficiently, we aim to outsource the production of the resulting intellectual property (IP) to specialized partners with industrial manufacturing expertise.

Ensurge is listed on the Norwegian stock exchange and is financed out of Norway by strong and reputable financial investors, reflecting both a strategic investment and a robust transatlantic collaboration.

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

FAQ

How many incentive subscription rights did Ensurge Micropower (ENMPY) grant in August 2025?

Ensurge Micropower granted 385,000 incentive subscription rights to US employees with an exercise price of NOK 1.3294 per share.

What is the vesting schedule for Ensurge Micropower's 2025 subscription rights?

The subscription rights vest in two equal portions: 50% after one year and the remaining 50% after two years from the grant date.

When do Ensurge Micropower's 2025 subscription rights expire?

The subscription rights expire on August 8, 2030.

What is Ensurge Micropower's main product technology?

Ensurge specializes in ultrathin, flexible, solid-state lithium microbatteries designed for hearables, wearables, and IoT sensor solutions.

How many specialists does Ensurge Micropower employ in Silicon Valley?

Ensurge employs 40 top-tier specialists in Silicon Valley.