Ensurge Micropower ASA - Registration of Share Capital Increase

Rhea-AI Summary

Ensurge Micropower ASA has completed the registration of a share capital increase following the exercise of 367,000 vested incentive subscription rights. The increase comprises 167,000 rights from the 2022 Subscription Rights Plan and 200,000 from the 2023 Plan. After the registration, the company's share capital stands at NOK 397,790,160.50, divided into 795,580,321 shares with a par value of NOK 0.50 each. Ensurge specializes in ultrathin, flexible solid-state lithium microbatteries, developed by a team of 40 specialists in Silicon Valley. Their technology targets form-factor-constrained applications like hearables, wearables, and IoT devices. The company maintains a state-of-the-art facility for prototyping and small-scale manufacturing, with plans to outsource large-scale production to specialized partners.

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

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.

FAQ

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

Following the share capital increase, Ensurge Micropower's share capital is NOK 397,790,160.50, divided into 795,580,321 shares with a par value of NOK 0.50 each.

How many subscription rights were exercised in Ensurge Micropower's capital increase?

A total of 367,000 subscription rights were exercised, comprising 167,000 from the 2022 Plan and 200,000 from the 2023 Subscription Rights Plan.

What is Ensurge Micropower's main product technology?

Ensurge Micropower specializes in ultrathin, flexible, solid-state lithium microbatteries designed for hearables, wearables, and IoT sensor solutions.

Where is Ensurge Micropower's development team located?

Ensurge has a workforce of 40 top-tier specialists based in Silicon Valley.

What is Ensurge Micropower's manufacturing strategy?

The company maintains facilities for prototyping and small-scale manufacturing, with plans to outsource large-scale production to specialized partners.