Ensurge Micropower ASA - Registration of Share Capital Increase
Rhea-AI Summary
Ensurge Micropower ASA has registered a share capital increase following the conversion of a NOK 1,500,000 convertible loan plus accrued interest, resulting in the issuance of 3,003,131 new shares. The company's updated share capital is NOK 350,114,738.50, divided into 700,229,477 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 applications in wearables, connected sensors, and IoT devices.
Positive
- Successfully completed convertible loan conversion, strengthening balance sheet structure
Negative
- Share dilution through issuance of 3,003,131 new shares
News Market Reaction – ENMPY
In the trading session that priced this news, ENMPY declined 14.88%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Oslo, 18 November 2024
Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 10 November 2024 regarding conversion of a convertible loan in the amount of NOK 1,500,000 ("Convertible Loan"), plus accrued interest, and the resulting issuance of a total of 3,003,131 new shares in the Company.
The share capital increase has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 350,114,738.50 divided into 700,229,477 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
Email: 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.
