Ensurge Micropower ASA - Registration of Share Capital Increase
Ensurge Micropower ASA has completed the registration of a share capital increase following the exercise of 367,000 vested incentive subscription rights.
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Rhea-AI Summary
Positive
- Company successfully registered share capital increase from vested incentive subscription rights
- Company has innovative microbattery technology targeting growing markets like wearables and IoT
- Strong backing from Norwegian financial investors
Negative
- Limited manufacturing capacity focused only on prototyping and small-scale production
- Dependency on future partnerships for large-scale manufacturing
Details
News Market Reaction – ENMPY
The recorded move for ENMPY in the trading session of this news was +20.33%.
Data tracked by StockTitan Argus. Session date unavailable.
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Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 19 May 2025 regarding exercise of 167,000 vested incentive subscription rights under the Company's 2022 Subscription Rights Plan and exercise of 200,000 vested incentive subscription rights under the Company’s 2023 Subscription Rights Plan and the resulting issuance of a total of 367,000 new shares in the Company.
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 397,790,160.50 divided into 795,580,321 shares, each share having 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: 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 the Norwegian Securities Trading Act.
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