Ensurge Micropower ASA - Registration of Share Capital Increase
Rhea-AI Summary
Ensurge Micropower ASA (ENMPY) has registered a share capital increase following the exercise of 16,000 vested incentive subscription rights and the issuance of 2,216,074 shares under its 2024 Employee Share Purchase Plan. The company's updated share capital is NOK 311,113,173, divided into 622,226,346 shares with a par value of NOK 0.50 each.
Ensurge specializes in ultrathin, flexible solid-state lithium microbatteries for the 1-100 mAh class, targeting wearables, connected sensors, and IoT devices. Their innovative technology enables energy-dense rechargeable products ideal for form-factor-constrained applications. The company operates a state-of-the-art manufacturing facility in Silicon Valley, combining patented process technology with roll-to-roll production methods.
Positive
- Successful registration of share capital increase
- Issuance of 2,216,074 new shares through Employee Share Purchase Plan
- Innovative microbattery technology for growing wearables and IoT markets
- State-of-the-art manufacturing facility in Silicon Valley
Negative
- Potential dilution of existing shareholders due to new share issuance
Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 2 September 2024, and the corrected announcement by the Company on 4 September 2024, regarding exercise of 16,000 vested incentive subscription rights under the Company's 2022 Subscription Rights Plan and the resulting issuance of a total of 16,000 new shares in the Company, and the issuance of a total of 2,216,074 shares resolved in connection with the Company's 2024 Employee Share Purchase Plan.
The share capital increase associated with the above has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 311,113,173 divided into 622,226,346 shares, each share having a par value of NOK 0.50.
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.
FAQ
What is Ensurge Micropower's (ENMPY) new share capital after the recent increase?
How many new shares were issued by Ensurge Micropower (ENMPY) in September 2024?
What is the main product focus of Ensurge Micropower (ENMPY)?
Where is Ensurge Micropower's (ENMPY) manufacturing facility located?
