Ensurge Micropower Asa Stock Price, News & Analysis

As of February 22, 2022, Morten Opstad, Chair of the Board of Ensurge Micropower ASA, holds a total of 528,619,427 shares, representing 28.22% of the company's share capital and voting rights. This includes a proxy to vote for 513,223,779 shares (27.40%) and voting instructions for 15,395,648 shares (0.82%). The Extraordinary General Meeting is scheduled for February 24, 2022. Ensuring a strong voting presence, Mr. Opstad and close associates' holdings underline significant shareholder engagement.

Ensurge Micropower ASA will hold a webcast on February 23, 2022, at 8:00 AM CET to discuss its fourth-quarter 2021 results. CEO Kevin Barber will present the company's advancements in ultrathin, flexible battery technology and its manufacturing strategies. The event will be accessible via a provided link, and a recording will be available on the company's investor relations website afterward. Ensurge focuses on innovative solid-state lithium battery solutions suitable for wearable devices and connected sensors, headquartered in Oslo and San Jose.

As of 18 February 2022, Morten Opstad, Chair of the Board of Ensurge Micropower ASA, holds significant voting rights ahead of the Extraordinary General Meeting on 24 February 2022. He possesses a total of 257,283,147 shares, equating to 13.74% of the company's share capital and voting rights. This total includes 257,070,756 shares via proxy representation, which accounts for 13.72%, and 212,391 shares with voting instructions, making up 0.01%.

On February 14, 2022, Ensurge Micropower ASA announced the successful registration of a share capital increase following a private placement. The first tranche of the placement involved the allocation of 125,561,401 new shares, while the second tranche allocated 41,105,265 new shares, generating total gross proceeds of approximately NOK 100 million. With this capital increase, the company's share capital now stands at NOK 206,042,023.33, divided into 1,873,109,303 shares, each with a par value of NOK 0.11.

Ensurge Micropower ASA will host an Extraordinary General Meeting on February 24, 2022, at 9:00 (CET) as an electronic meeting. The notice includes details on how to attend and participate online in both English and Norwegian. For further information, investors can contact Ståle Bjørnstad, Investor Relations, via email at stale.bjornstad@ensurge.com or reach out to CEO Kevin Barber directly.

This meeting is organized in compliance with the disclosure requirements of the Norwegian Securities Trading Act.

An Extraordinary General Meeting for Ensurge Micropower ASA is set for Thursday, February 24, 2022, at 9:00 (CET). This meeting will be conducted electronically, and participants can find the notice, attendance forms, and online participation guides in both English and Norwegian. For further information, investors can contact Ståle Bjørnstad in Investor Relations via email or phone, or reach out to CEO Kevin Barber through his email. This announcement complies with the Norwegian Securities Trading Act disclosure requirements.

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.