Ensurge Micropower ASA - Information about the exercise period for warrants issued in connection with Private Placement in January 2025
Ensurge Micropower ASA (ENMPY) has announced the exercise period for warrants issued during its January 2025 private placement. The warrants can be exercised from September 26, 2025 to October 10, 2025 at 16:30 CEST. Each warrant allows holders to subscribe for one new share at a subscription price of NOK 1.00.
The company, based in Silicon Valley with 40 top-tier specialists, specializes in ultrathin, flexible solid-state lithium microbatteries. Their technology targets applications in hearables, wearables, sports devices, and IoT sensor solutions. Ensurge operates a state-of-the-art facility focused on prototyping and small-scale manufacturing, with plans to outsource large-scale production to specialized partners.
Lazienda, con sede nella Silicon Valley e 40 specialisti di alto livello, è specializzata in micro batterie al litio a stato solido ultrafini e flessibili. La loro tecnologia è rivolta ad applicazioni in hearables, dispositivi indossabili, apparecchi sportivi e soluzioni di sensori per IoT. Ensurge gestisce un impianto all'avanguardia dedicato a prototipazione e produzione su piccola scala, con piani per esternalizzare la produzione su larga scala a partner specializzati.
La empresa, con sede en Silicon Valley y 40 especialistas de primer nivel, se especializa en microbaterías de litio sólidas ultrafinas y flexibles. Su tecnología apunta a aplicaciones en hearables, dispositivos wearables, dispositivos deportivos y soluciones de sensores para IoT. Ensurge opera una instalación de vanguardia dedicada a la prototipación y la fabricación a pequeña escala, con planes de externalizar la producción a gran escala a socios especializados.
본사는 실리콘밸리에 위치해 있으며 40명의 최고급 전문가를 보유하고 있습니다. ultrathin하고 유연한 고체 상태 리튬 마이크로 배터리에 특화되어 있습니다. 이들의 기술은 hearables, 웨어러블, 스포츠 기기 및 IoT 센서 솔루션에 적용됩니다. Ensurge는 시제품 개발과 소규모 제조에 중점을 둔 최신 설비를 운영하며, 대규모 생산은 전문 파트너에게 외주를 계획하고 있습니다.
L'entreprise, basée dans la Silicon Valley et comptant 40 spécialistes de premier ordre, se spécialise dans les micro-batteries solides ultrafines et flexibles au lithium. Leur technologie vise des applications dans les hearables, les dispositifs wearables, les équipements sportifs et les solutions de capteurs IoT. Ensurge exploite une installation à la pointe, axée sur la prototypage et la fabrication à petite échelle, avec des plans d'externalisation de la production à grande échelle vers des partenaires spécialisés.
Das Unternehmen mit Sitz im Silicon Valley und 40 Top-Fachleute spezialisiert sich auf ultradünne, flexible Festkörper-Lithium-Mikrobatterien. Ihre Technologie zielt auf Anwendungen in Hearables, Wearables, Sportgeräten und IoT-Sensorlösungen. Ensurge betreibt eine hochmoderne Anlage, die sich auf Prototyping und Fertigung in kleinem Maßstab konzentriert, mit Plänen, die Massenproduktion an spezialisierte Partner auszulagern.
الشركة ومقرها في وادي السيليكون وتضم 40 متخصصاً من الدرجة الأولى، وتتخصص في بطاريات ليثيوم صلبة رقيقة ومرنة للغاية. تقنيتهم تستهدف تطبيقات في أجهزة سمعية حديثة (hearables) وأجهزة قابلة للارتداء، وأجهزة رياضية وحلول مستشعرات IoT. تشغـل Ensurge منشأة متطورة تركز على النمذجة الأولية والتصنيع على نطاق صغير، مع خطط لاست outsourcing الإنتاج على نطاق واسع لشركاء متخصصين.
该公司总部位于硅谷，拥有 40 名一流专家，专注于超薄、柔性固态锂微型电池。其技术面向 hearables、穿戴设备、运动设备和物联网传感器解决方案的应用。Ensuge 运营着一家以原型开发和小规模制造为重点的尖端设施，计划将大规模生产外包给专业伙伴。
- Company has developed innovative ultrathin, flexible solid-state lithium microbattery technology
- Strategic presence in Silicon Valley with 40 specialized employees
- State-of-the-art manufacturing facility with patented process technology
- Backed by strong Norwegian financial investors
- Limited manufacturing capacity focused only on prototyping and small-scale production
- Dependency on future partnerships for large-scale manufacturing
- Potential dilution from warrant exercise
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE'S REPUBLIC OF CHINA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS STOCK EXCHANGE ANNOUNCEMENT.
Reference is made to the stock exchange announcements from Ensurge Micropower ASA (the "Company") dated 11 February 2025 regarding the exercise period for warrants issued in connection with the private placement in January 2025 (“Warrants”).
The exercise period for Warrants commences tomorrow, on 26 September 2025, and ends on 10 October 2025 at 16:30 CEST. Each Warrant gives the holder a right to subscribe for one new share ("New Share") in the Company at a subscription price of NOK 1.00. All Warrants not exercised within this period will lapse without compensation to the holder. Arctic Securities AS is acting as manager in connection with the exercise of Warrants (the "Manager").
Exercise procedure
Warrants are exercised through the submission of a duly completed exercise form for the Warrants (the "Exercise Form") to the Manager, at the address Haakon VII´s gate 5, P.O. Box 1833 Vika, N-0123 Oslo, Norway, or by email to subscription@arctic.com, and by payment of the aggregate subscription price for the New Shares. The payment for New Shares falls due immediately after the exercise. The Exercise Form can be found at the websites of the Company (https://www.ensurge.com/investors), and Arctic Securities AS (https://www.arctic.com/offerings). By completing and submitting an Exercise Form, the holder of the relevant Warrants irrevocably undertakes to acquire a number New Shares equal to the number of Warrants exercised at the relevant exercise price.
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.
For more information:
Lars Eikeland, Chief Financial Officer E- mail: lars.eikeland@ensurge.com (mailto:lars.eikeland@ensurge.com)
This information is subject to the disclosure requirements pursuant to the Norwegian Securities Trading Act section 5-12.
- IMPORTANT INFORMATION –
This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of the Company in the United States or any other jurisdiction. The securities of the Company may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"). The securities of the Company have not been, and will not be, registered under the U.S. Securities Act. Any sale in the United States of the securities mentioned in this communication will be made solely to "qualified institutional buyers" as defined in Rule 144A under the U.S. Securities Act. No public offering of the securities will be made in the United States.
This announcement has been prepared on the basis that any offer of securities in any Member State of the European Economic Area, other than Norway, which has implemented the Prospectus Regulation (EU) (2017/1129, as amended, the "Prospectus Regulation") (each, a "Relevant Member State") will be made pursuant to an exemption under the Prospectus Regulation, as implemented in that Relevant Member State, from the requirement to publish a prospectus for offers of securities. Accordingly any person making or intending to make any offer in that Relevant Member State of securities which are the subject of the offering contemplated in this announcement, may only do so in circumstances in which no obligation arises for the Company or the Manager to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or supplement a prospectus pursuant to Article 16 of the Prospectus Regulation, in each case, in relation to such offer.
In the United Kingdom, this announcement is only addressed to and is only directed at Qualified Investors who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this announcement relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as "anticipate", "believe", "continue", "estimate", "expect", "intends", "may", "should", "will" and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. The information, opinions and forward-looking statements contained in this announcement speak only as at its date and are subject to change without notice.
This announcement is made by and, and is the responsibility of, the Company. The Manager is acting exclusively for the Company and no one else and will not be responsible to anyone other than the Company for providing the protections afforded to its respective clients, or for advice in relation to the contents of this announcement or any of the matters referred to herein.
Neither the Manager nor any of its affiliates makes any representation as to the accuracy or completeness of this announcement and none of them accepts any responsibility for the contents of this announcement or any matters referred to herein.
This announcement is for information purposes only and is not to be relied upon in substitution for the exercise of independent judgment. It is not intended as investment advice and under no circumstances is it to be used or considered as an offer to sell, or a solicitation of an offer to buy any securities or a recommendation to buy or sell any securities of the Company. Neither the Manager nor any of its affiliates accept any liability arising from the use of this announcement. Any offering of the securities referred to in this announcement will be made by means of a prospectus. This announcement is an advertisement and is not a prospectus for the purposes of the Prospectus Regulation. Investors should not subscribe for any securities referred to in this announcement except on the basis of information in stock exchange announcements published in connection with the private placement and the Warrants.
Each of the Company, the Manager and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any statement contained in this announcement whether as a result of new information, future developments or otherwise.
The distribution of this announcement and other information may be restricted by law in certain jurisdictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about and to observe any such restrictions.
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