Ensurge Micropower Asa Stock Price, News & Analysis

Ensurge Micropower ASA announces that its acting Chief Financial Officer (CFO), Tarun Anand, will leave the company on 14 April 2023 for another position. The company has arranged for interim CFO services from former CFO Dave Williamson while seeking a permanent replacement. Ensurge is known for its ultrathin, flexible, and safe energy storage solutions, particularly in the solid-state lithium battery (SSLB) sector. The company leverages advanced manufacturing techniques in Silicon Valley to deliver innovative battery technology for various applications.

On March 14, 2023, Ensurge Micropower ASA held an Extraordinary General Meeting approving a share capital increase, now registered at NOK 74,422,849.80 across 744,228,498 shares, each with a par value of NOK 0.10. The new shares are set to be issued with a temporary ISIN, transitioning to the ordinary ISIN for trading on Oslo Børs under the ticker 'ENSU' upon the listing prospectus's approval. Ensurge specializes in solid-state lithium battery technology, focusing on innovative energy storage solutions for wearables and connected devices, driven by its advanced manufacturing facility in Silicon Valley.

Ensurge Micropower ASA announced on March 14, 2023, that its Extraordinary General Meeting (EGM) approved all proposals, including a share capital reduction. This reduction, now registered, brings the company's share capital to NOK 24,422,849.80, divided into 244,228,498 shares, each with a par value of NOK 0.10. A subsequent share capital increase, also resolved in the EGM, will be registered separately. Ensurge focuses on ultrathin, flexible, and safe energy storage solutions, particularly its innovative solid-state lithium battery technology for various applications.

Ensurge Micropower ASA reported that Viking Power Systems Pte Ltd has been allocated 50,750,000 shares in a recent Private Placement, following the approval of issuance for 500,000,000 shares at the Extraordinary General Meeting on March 14, 2023. This allocation raises Viking Power's shareholding to 6.81% of the total outstanding shares of the Company. The disclosure is mandated by Norwegian law as the shareholder has crossed the 5% threshold for voting rights and shares.

This event is pivotal as it signifies a notable increase in Viking Power's stake in Ensurge Micropower ASA.

Ensurge Micropower ASA announced a disclosure by shareholder Robert Napier Keith following the company's recent Private Placement of 500 million new shares. After the allocation, Keith's shareholding dropped to 11.64%, totaling 86,642,557 shares, marking a significant shift in his voting rights and ownership. This disclosure was mandated as Keith fell below the 15% threshold of total voting rights in the company. The announcement aligns with the requirements of the Norwegian Securities Trading Act, reflecting changes in major shareholder positions.

Ensurge Micropower ASA held an Extraordinary General Meeting (EGM) today via electronic means. All agenda proposals from the Company's Board and Nomination Committee were accepted, including a share capital increase associated with the Private Placement announced on February 15, 2023. Additionally, Tomas Persson was elected as a new Board member. The minutes from the EGM will be available on the Company’s website.

Ensurge focuses on innovative solid-state lithium battery technology for energy storage solutions used in various applications, emphasizing flexible and cost-effective rechargeable batteries.

Ensurge Micropower ASA announced the revised proposal by the Nomination Committee for the Extraordinary General Meeting scheduled for March 14, 2023. This includes updates to agenda items 5 and 6 from the earlier Notice dated February 21, 2023. Additionally, an amended version of the Company’s 2022 Subscription Rights Incentive Plan is provided, showcasing revisions to the original proposal. Ensurge, which specializes in ultrathin and safe energy storage solutions, aims to leverage its solid-state lithium battery technology for a range of applications. The Company is publicly listed in Norway with its global headquarters in San Jose, California.

Interim CEO Mark Newman will present the Company's progress in a web conference on Thursday, March 9, 2023, at 12:00 PM Central European Time. Following the event, a recording will be available on the Company's investor relations website. Ensurge Micropower specializes in ultrathin, flexible solid-state lithium microbatteries aimed at wearable devices, IoT sensors, and similar applications. Their manufacturing facility in Silicon Valley integrates patented process technology with roll-to-roll production, enhancing their market position. Ensurge is publicly listed in Norway, with headquarters in Oslo and San Jose.

Ensurge Micropower (OTCQX: ENMPY) recently announced at the TechBlick event that its innovative solid-state lithium microbattery technology surpasses traditional lithium-ion alternatives. It boasts twice the energy density and three times the charging speed, addressing limitations faced by current microbatteries. Key highlights include the microbattery's impressive performance metrics, achieving 700+ Watt-Hours per Liter in a compact design and 80% charging in under 20 minutes. With scalable manufacturing processes and high-density cell-stacking capabilities, Ensurge aims to fill a significant market gap for wearables and hearables by providing ultra-thin, efficient, and customizable battery solutions.