Ensurge Micropower ASA - Registration of Share Capital Increase
Ensurge Micropower ASA has confirmed the completion of a private placement, increasing its share capital to NOK 213,967,213.02.
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Rhea-AI Summary
Ensurge Micropower ASA has confirmed the completion of a private placement, increasing its share capital to NOK 213,967,213.02. The placement involved the issuance of 2,816,666 new shares, bringing the total number of shares to 216,128,498, each with a par value of NOK 0.99. This capital increase is now officially registered in the Register of Business Enterprises, enhancing the company's capacity to innovate and expand its market presence.
Positive
- Successful completion of share capital increase through the placement of 2,816,666 new shares.
- Enhanced share capital now totals NOK 213,967,213.02, supporting future growth initiatives.
Negative
- None.
Details
News Market Reaction – ENMPY
The recorded move for ENMPY in the trading session of this news was +400.00%.
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Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 25 July 2022 regarding the private placement of 2,816,666 new shares in the Company. The share capital increase associated with such 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 213,967,213.02 divided into 216,128,498 shares, each share having a par value of NOK 0.99.
Contact
Ståle Bjørnstad - Investor Relations E-mail: stale.bjornstad@ensurge.com Phone: +47 99 16 76 72
Kevin Barber - Chief Executive Officer Email: kevin.barber@ensurge.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About Ensurge: Ensurge is Energizing Innovation(TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1-100 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.
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