Ensurge Micropower Asa Stock Price, News & Analysis

On October 26, 2021, Ensurge Micropower ASA's board approved the issuance of 7,020,000 incentive subscription rights to employees under its 2021 plan. The rights have an exercise price of NOK 0.6873 per share, vesting by 50% annually over two years, and expiring on June 3, 2026. With this issuance, a total of 198,149,369 subscription rights are currently outstanding. This move aims to enhance employee incentives and align their interests with shareholders.

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) has signed a customer agreement with a second global leader in the hearables market, enhancing its position in the industry. This follows previous agreements with other major players, allowing Ensurge to deliver solid-state microbatteries optimized for medical hearables devices. The total microbattery opportunity across various sectors is approaching $10 billion. Ensurge aims to deliver initial samples by Q4 2021 and ramp up production in 2022, leveraging innovative ultrathin steel technology for powerful and compact energy solutions.

Ensurge Micropower ASA announced the successful registration of share capital increases following the exercise of Warrants B and C, as previously disclosed on 25 August 2021. The new registered share capital amounts to NOK 192,114,763.72, divided into 1,746,497,852 shares, each with a par value of NOK 0.11. This update reflects the company's ongoing efforts in capital management and aligns with regulatory requirements under the Norwegian Securities Trading Act.

Ensurge Micropower ASA has announced its participation in the Nordic TMT Conference on September 1, 2021, with CEO Kevin Barber scheduled to present at 1:05 PM CEST. The company specializes in advanced energy storage solutions, particularly solid-state lithium batteries, aiming to cater to wearable devices and connected sensors. Ensurge operates a flexible electronics manufacturing facility in Silicon Valley, focusing on innovative battery production methods.

On August 27, 2021, Ensurge Micropower ASA's board approved the issuance of 10,650,000 incentive subscription rights to employees as part of the 2021 incentive plan. The rights have an exercise price of NOK 0.6594 per share, vesting 50% annually over two years and expiring on June 3, 2026. After this issuance, a total of 191,929,369 subscription rights are outstanding. This development is part of the company's strategy to incentivize employees and strengthen engagement.

Ensurge Micropower ASA disclosed that a major shareholder, Tigerstaden AS, has exercised Warrants B for 45,454,545 new shares. This issuance follows the company's earlier announcement regarding the approval of warrant exercises, which resulted in a total of 195,860,558 new shares registered. Post-conversion, Tigerstaden AS's stake will increase to 10.34% of the company's total outstanding shares, totaling 180,537,878 shares. Tigerstaden AS no longer holds any unexercised warrants.

Ensurge Micropower ASA announced that large shareholder Robert Napier Keith will receive 53,636,362 shares after exercising Warrants B. This issuance of shares follows the company's previous announcement of 195,860,558 new shares approved on August 25, 2021. Post-conversion, Keith's stake will increase to 18.45%, totaling 322,212,062 shares. The disclosure follows Section 4-2 of the Norwegian Securities Trading Act, highlighting a significant change in shareholding dynamics within the company.

Ensurge Micropower ASA announced the release of its investor presentation for the First Half 2021 results on August 27, 2021. The presentation is accompanied by CEO Kevin Barber's webcast. Ensurge specializes in ultrathin, flexible, and safe energy storage solutions, particularly solid-state lithium battery technology. The company aims to impact markets requiring lightweight and cost-effective rechargeable batteries, backed by its state-of-the-art manufacturing facility in Silicon Valley. Investors can access the presentation online for detailed financial data.

Ensurge Micropower ASA released its interim report for the first half of 2021 on August 27, highlighting significant progress in battery technology. Key achievements include validation of battery cell performance for ultrathin applications, customer agreements with leaders in the hearables and wearables markets, and the appointment of notable industry experts to its advisory board. The company is on track to deliver initial customer samples by Q4 2021. The CEO will discuss these developments in a web conference on the same day.