Ensurge Micropower Asa Stock Price, News & Analysis

Ensurge Micropower ASA has announced the grant of 80,000 incentive subscription rights to US employees on February 3, 2025. The grant, made under the company's 2024 incentive subscription rights plan, features an exercise price of NOK 0.969 per share. The subscription rights will vest in two equal portions: 50% after one year and 50% after two years from the grant date, with an expiration date of May 14, 2029.

Ensurge specializes in developing ultrathin, flexible solid-state lithium microbatteries for the 1-100 milliampere-hour (mAh) market. Their technology targets applications in wearables, connected sensors, and IoT devices. The company operates a manufacturing facility in Silicon Valley, combining patented process technology with roll-to-roll production methods.

Ensurge Micropower ASA has successfully completed and registered a private placement of 40,000,000 new shares at NOK 1.00 per share, raising total gross proceeds of NOK 40 million. Following the capital increase, the company's share capital is now NOK 370,114,738.50, divided into 740,229,477 shares with a par value of NOK 0.50 each.

The company specializes in ultrathin, flexible solid-state lithium microbatteries for the 1-100 milliampere-hour class, targeting applications in wearables, connected sensors, and IoT devices. Their manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods. Arctic Securities AS served as bookrunner and manager for the private placement.

Ensurge Micropower ASA has announced an Extraordinary General Meeting (EGM) to be held electronically on 11 February 2025 at 09:00 (CET). The meeting agenda includes registration of shareholders, election of meeting officials, approval of notice and agenda, issuance of warrants, and board authorizations for share issuance through both private placements and rights issues.

The company specializes in developing ultrathin, flexible solid-state lithium microbatteries for the 1-100 milliampere-hour (mAh) class of devices. These batteries are designed for wearables, connected sensors, and IoT applications. Ensurge operates a manufacturing facility in Silicon Valley, combining patented process technology with roll-to-roll production methods.

Ensurge Micropower ASA has successfully completed a private placement, raising NOK 40 million through the issuance of 40 million new shares at NOK 1.00 per share. The net proceeds will fund company operations and general corporate purposes.

The Board has also resolved to propose granting investors one warrant for every two new shares allocated. Each warrant will allow subscription of one new share at the same price, exercisable from September 26 to October 10, 2025. The warrants will be transferable but not traded on Oslo Børs.

Following the private placement, the company's share capital will be NOK 370,114,738.50, divided into 740,229,477 shares. Settlement is expected around January 23, 2025. The Board deemed the private placement compliant with equal treatment obligations, citing the 19.4% premium to market price and public bookbuilding process as reasons for not conducting a subsequent offering.

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) announced significant progress in its solid-state microbattery development. The company has resolved encapsulation issues, achieved 90% stacking yield for 11- and 28-layer batteries, and is expanding production to 24/7 operations by January 2025.

The company plans a private placement of 35-50 million new shares at NOK 1.00 per share, aiming to raise NOK 35-50 million. DNB Asset Management has committed NOK 7 million. Investors will receive one warrant for every two new shares, exercisable from September 26 to October 10, 2025.

As of December 31, 2024, Ensurge's cash holding was USD 3.38 million, with USD 1.61 million restricted. The company is preparing to ship batteries to customers and strategic partners following validation of recent improvements.

Ensurge Micropower ASA has announced the cancellation of its Subsequent Offering following a Private Placement that raised NOK 75 million. The Board's decision was based on the company's shares trading below the subscription price for an extended period, allowing shareholders to purchase shares in the market at lower prices to offset the Private Placement's dilutive effect. The shares continued trading below the subscription price throughout the entire subscription period of November 7-21, 2024.

Ensurge Micropower ASA has registered a share capital increase following the conversion of a NOK 1,500,000 convertible loan plus accrued interest, resulting in the issuance of 3,003,131 new shares. The company's updated share capital is NOK 350,114,738.50, divided into 700,229,477 shares with a par value of NOK 0.50 each. Ensurge specializes in ultrathin, flexible solid-state lithium microbatteries for the 1-100 mAh class, targeting applications in wearables, connected sensors, and IoT devices.

Ensurge Micropower reports significant progress in Q3 2024, highlighting improved stacking yield and doubled manufacturing volume. The company is currently producing 5-, 11- and 28-layer batteries on 10 µm substrate, with plans to double production volume again in Q4 2024. The company is preparing for 24/7 production implementation in Q1 2025. Technical improvements include enhanced pulse rate and charging time exceeding original specifications. Notably, Ensurge has initiated a collaboration with a US Fortune 500 company for next-generation batteries and is strengthening its talent pool in San Jose for future expansion.

Ensurge Micropower ASA announced the grant of 210,000 incentive subscription rights to employees, as approved by the Board of Directors on November 11, 2024. The grant falls under the company's 2024 incentive subscription rights plan, established at the Annual General Meeting on May 14, 2024. The exercise price is set at NOK 0.94017 per share, with a two-phase vesting schedule: 50% after one year and the remaining 50% after two years from the grant date.