Ensurge Micropower ASA - Registration of Share Capital Increase

Rhea-AI Summary

Ensurge Micropower ASA (ENMPY) has successfully completed the registration of a share capital increase following its fully underwritten private placement announced on April 10, 2025. The company's updated share capital now stands at NOK 397,606,660.50, consisting of 795,213,321 shares with a par value of NOK 0.50 each.

Ensurge specializes in developing ultrathin, flexible solid-state lithium microbatteries for the 1-100 milliampere-hour (mAh) market. Their technology targets applications in:

• Hearables (hearing aids and wireless headphones)
• Digital and health wearables
• Sports and fitness devices
• IoT sensor solutions

The company operates a state-of-the-art manufacturing facility in Silicon Valley, combining patented process technology and materials innovation with roll-to-roll production methods.

Positive

• Successful completion of fully underwritten private placement
• Strategic positioning in growing wearables and IoT markets
• Advanced manufacturing capability with roll-to-roll production in Silicon Valley

Negative

• None.

Oslo, 24 April 2025

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 10 April 2025 regarding a successful fully underwritten private placement of shares. 

The share capital increase associated with the private placement and the issuance of the underwriting shares issued in connection with the private placement, has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 397,606,660.50 divided into 795,213,321 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

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

FAQ

What is the new share capital of Ensurge Micropower (ENMPY) after the April 2025 capital increase?

Following the share capital increase in April 2025, Ensurge Micropower's share capital is NOK 397,606,660.50, divided into 795,213,321 shares with a par value of NOK 0.50 each.

What types of devices does Ensurge Micropower's (ENMPY) microbattery technology target?

Ensurge's microbatteries target wearable devices, hearables (hearing aids and wireless headphones), digital health devices, sports and fitness equipment, and IoT sensor solutions in the 1-100 mAh range.

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

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

What is the capacity range of Ensurge Micropower's (ENMPY) microbatteries?

Ensurge's microbatteries are designed for the 1 to 100 milliampere-hour (mAh) class of devices.