Ensurge Micropower Asa Stock Price, News & Analysis

Ensurge Micropower ASA announces the successful placement of a private placement for new shares, totaling approximately NOK 100 million from two tranches. Tranche 1 includes 125,561,401 shares, while Tranche 2 consists of 41,105,265 shares. The proceeds will be used for general corporate purposes, including expanding manufacturing capabilities. The subscription price is NOK 0.60 per share, reflecting favorable market conditions. The company will also issue warrants to subscribers, which will be subject to approval at an upcoming extraordinary general meeting.

Ensurge Micropower ASA has initiated a private placement of 116,666,666 to 166,666,666 new shares at NOK 0.60 each, aiming to raise up to NOK 100 million. Proceeds will support general corporate purposes, including expanding manufacturing and market presence. Key investors have pre-committed about NOK 70 million, including substantial contributions from major stakeholders. The placement consists of two tranches, with shares becoming tradable on specific dates. The completion of both tranches is contingent upon board approval and a forthcoming extraordinary general meeting.

On February 2, 2022, Ensurge Micropower ASA (OTCQB: ENMPY) announced a significant customer agreement with a Fortune 500 industrial firm for the delivery of customized solid-state microbatteries. This deal marks Ensurge's entry into the IoT and industrial sectors, with expected initial payments forthcoming. CEO Kevin Barber highlighted the microbattery’s unique features, including safety and faster charging. Ensurge aims to expand its customer base beyond hearing aids to include diverse applications. With a focus on energy harvesting, Ensurge sees substantial growth opportunities in the evolving market landscape.

On January 31, 2022, Ensurge Micropower ASA announced the completion of a share capital increase following the exercise of incentive subscription rights by a former employee. The increase has been registered, raising the company's share capital to NOK 192,230,269.22, divided into 1,747,547,902 shares, with each share valued at NOK 0.11. This move may affect shareholder value and overall equity structure.

Ensurge Micropower ASA announced the issuance of 1,050,050 ordinary shares at a subscription price of NOK 0.33 each, exercised by a former employee under its 2020 incentive subscription rights plan. Following this share capital increase, the company's total share capital will reach NOK 192,230,269.22, comprised of 1,747,547,902 shares with a par value of NOK 0.11 per share. This development follows a previous announcement on 13 September 2020 regarding the incentive plan.

On January 19, 2022, Ensurge Micropower ASA (OTCQB: ENMPY) announced a customer agreement to deliver customized solid-state microbatteries for digital health applications. Production is set to begin in Q4 2022, with milestone payments for customization. CEO Kevin Barber highlighted the advantages of Ensurge's microbatteries, including flexible form factors and fast charging, which are well-suited for the growing digital health and remote patient monitoring markets. The Covid pandemic has accelerated demand for these devices, presenting new business opportunities for Ensurge.

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) has engaged Pareto Securities AS to explore a potential private placement of shares aimed at enhancing manufacturing capabilities and expanding into new markets. The specifics regarding timing, structure, and size of the placement will depend on market conditions and corporate decisions, with no guarantee that it will occur. Additional details about the placement will be released in the future. Ensurge specializes in ultrathin, flexible energy storage solutions, focusing on solid-state lithium battery technology.

On January 11, 2022, the board of directors of Ensurge Micropower ASA approved the issuance of 810,000 incentive subscription rights to employees. This decision is part of the 2021 incentive plan established at the Annual General Meeting on June 3, 2021. The exercise price is set at NOK 0.7001 per share, with rights vesting at 50% annually over two years, expiring June 3, 2026. Post-grant, a total of 192,270,966 subscription rights are outstanding.

Ensurge Micropower ASA (OTCQB: ENMPY) reported significant advancements in its Q4 update, focusing on the development of solid-state lithium microbatteries from its San Jose facility. The company successfully validated its production scalability and is on track to ship packaged samples shortly. In 2022, Ensurge aims to convert customer agreements into product revenue, expanding into medical wearables and industrial markets. With an expected total addressable market of 10 billion units, Ensurge's innovative battery technology promises enhanced performance for target markets including hearables and connected sensors.