Ensurge Micropower ASA - Registration of Share Capital Increase
Rhea-AI Summary
Ensurge Micropower ASA (ENMPY) has successfully completed the registration of its share capital increase following a previously announced private placement. The company's updated share capital now stands at NOK 418,390,160.50, consisting of 836,780,321 shares with a par value of NOK 0.50 each.
Ensurge, based in Silicon Valley with a team of forty specialists, develops innovative ultrathin, flexible solid-state lithium microbatteries. The company's technology targets applications in hearables, wearables, IoT sensors, and fitness devices. Their manufacturing approach combines patented process technology with roll-to-roll production methods, focusing on prototyping and small-scale manufacturing while planning to outsource large-scale production to specialized partners.
Positive
- Company successfully completed private placement and share registration
- Strategic positioning in growing microbattery market with innovative technology
- Strong financial backing from Norwegian investors
- Flexible manufacturing strategy combining in-house capabilities with planned outsourcing
Negative
- Limited current manufacturing capacity focused only on prototyping and small-scale production
- Dependency on future partnerships for large-scale manufacturing
Oslo, 18 July 2025
Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 8 July 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 418,390,160.50 divided into 836,780,321 shares, each with a par value of NOK 0.50.
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, 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
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