Ensurge Micropower ASA - Notice of Extraordinary General Meeting 14 October 2024

Rhea-AI Summary

Ensurge Micropower ASA has announced an Extraordinary General Meeting to be held on 14 October 2024 at 16:30 (CET) as an electronic meeting. The agenda includes:

• Registration of participating shareholders
• Approval of notice and agenda
• Private Placement: Issuance of Tranche 2 Shares and amendment of articles of association
• Subsequent Offering: Issuance of new shares
• Board authorizations to issue shares in private placements and rights issues

Ensurge Micropower specializes in ultrathin, flexible solid-state lithium microbatteries for wearable devices, connected sensors, and IoT applications. The company's innovative technology enables energy-dense rechargeable products ideal for form-factor-constrained applications.

Positive

• Potential for capital raise through private placement and subsequent offering
• Board authorization to issue new shares, providing financial flexibility

Negative

• Possible shareholder dilution due to issuance of new shares

An Extraordinary General Meeting in Ensurge Micropower ASA (the "Company") will be held on 14 October 2024 at 16:30 (CET) as an electronic meeting. Please find enclosed the notice including attendance forms and online guides (in English and in Norwegian). The Extraordinary General Meeting will have the following agenda: 

1 Registration of participating shareholders; election of a person to chair the meeting and a person to co-sign the minutes 

2 Approval of the notice and agenda 

3 Private Placement; Issuance of Tranche 2 Shares and amendment of the articles of association

4 Subsequent Offering; Issuance of new shares 

5.1 Board authorization to issue shares in private placements 

5.2 Board authorization to issue shares in rights issues 

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, please contact: 
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 of the Norwegian Securities Trading Act.

Attachment

• 2024-09-23 EGM Notice 14 October 2024 - Ensurge Micropower ASA

FAQ

When is Ensurge Micropower ASA (ENMPY) holding its Extraordinary General Meeting?

Ensurge Micropower ASA (ENMPY) is holding its Extraordinary General Meeting on 14 October 2024 at 16:30 (CET) as an electronic meeting.

What are the main agenda items for Ensurge Micropower's (ENMPY) Extraordinary General Meeting?

The main agenda items include the issuance of Tranche 2 Shares in a Private Placement, a Subsequent Offering of new shares, and board authorizations to issue shares in private placements and rights issues.

What type of technology does Ensurge Micropower (ENMPY) specialize in?

Ensurge Micropower (ENMPY) specializes in ultrathin, flexible, solid-state lithium microbatteries for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and IoT applications.