Ensurge Micropower Asa Stock Price, News & Analysis

Ensurge Micropower ASA has received approval from the Financial Supervisory Authority for its prospectus related to a private placement of 75,000,000 new shares and a subsequent offering of up to 11,500,000 new shares. The subscription period for the Subsequent Offering will run from November 7 to November 21, 2024. The private placement was divided into two tranches, with Tranche 2 receiving approval at the Extraordinary General Meeting on October 14, 2024. Skandinaviska Enskilda Banken AB and Arctic Securities AS served as financial advisors for the offerings.

Ensurge Micropower ASA has completed the registration of a share capital increase following a previously announced private placement. The company's share capital is now NOK 348,613,173, divided into 697,226,346 shares with a par value of NOK 0.50 each. This registration follows the approval of Tranche 2 by the Extraordinary General Meeting on October 14, 2024.

Ensurge specializes in ultrathin, flexible solid-state lithium microbatteries for the 1-100 mAh class, targeting applications in wearables, connected sensors, and IoT devices. The company operates a manufacturing facility in Silicon Valley, combining patented technology with roll-to-roll production methods.

An Extraordinary General Meeting of Ensurge Micropower ASA was held electronically on 14 October 2024. All agenda items were approved as proposed by the board of directors, including the approval of Tranche 2 of the private placement and the subsequent offering, both announced on 19 September 2024.

Ensurge Micropower is a company that develops ultrathin, flexible, and safe solid-state lithium microbatteries for the 1-100 mAh class. These batteries are designed for wearable devices, connected sensors, and IoT applications. The company's manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods to bring their innovative technology to market.

Ensurge Micropower ASA has disclosed a significant shareholding change involving Robert N. Keith. The company recently announced a private placement of 75,000,000 new shares, divided into two tranches. Tranche 1, consisting of 61,790,320 shares, was registered on September 27, 2024. Tranche 2, with 13,209,680 shares, awaits approval at an extraordinary general meeting scheduled for October 14, 2024.

As part of the transaction, Robert N. Keith, among other shareholders, lent 2,990,320 shares to facilitate a delivery-versus-payment settlement. Of these, 2,351,42 shares have been returned. Following the share lending and completion of tranche 1, Keith now owns 53,858,631 shares, representing 7.9% of the total shares and votes in Ensurge Micropower ASA.

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) has announced a webcast to be conducted by Chair Terje Rogne on Tuesday, 1 October 2024 at 11:00 CEST. The event, hosted by Arctic Securities, requires registration for access. Participants can ask questions during the presentation using the embedded Q&A tool.

Ensurge Micropower specializes in ultrathin, flexible solid-state lithium microbatteries for the 1-100 mAh class. These batteries are designed for wearable devices, connected sensors, and IoT applications. The company's manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods to serve established and expanding markets.

Ensurge Micropower ASA has announced the successful registration of a share capital increase associated with Tranche 1 of its recent private placement. The company's updated share capital is now NOK 342,008,333, divided into 684,016,666 shares, each with a par value of NOK 0.50. This follows the private placement announced on September 19, 2024, which raised total gross proceeds of NOK 75 million through the allocation of 61,790,320 new shares in Tranche 1 and 13,209,680 new shares in Tranche 2.

Ensurge Micropower specializes in developing ultrathin, flexible, and safe solid-state lithium microbatteries for various applications, including wearable devices and IoT sensors. The company's manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods.

Ensurge Micropower ASA has granted 160,000 incentive subscription rights to certain US employees in the Ensurge group. The Board of Directors made this decision on 24 September 2024 under the company's 2024 incentive subscription rights plan, approved at the Annual General Meeting on 14 May 2024. The exercise price is set at NOK 1.0982 per share. The subscription rights will vest in two equal portions: 50% after one year and 50% after two years from the grant date. They will expire on 14 May 2029.

Ensurge Micropower specializes in developing ultrathin, flexible solid-state lithium microbatteries for the 1-100 mAh class. These innovative batteries are designed for wearable devices, connected sensors, and IoT applications. The company's manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods.

Ensurge Micropower ASA has announced an Extraordinary General Meeting to be held on 14 October 2024 at 16:30 (CET) as an electronic meeting. The agenda includes:

• Registration of participating shareholders
• Approval of notice and agenda
• Private Placement: Issuance of Tranche 2 Shares and amendment of articles of association
• Subsequent Offering: Issuance of new shares
• Board authorizations to issue shares in private placements and rights issues

Ensurge Micropower specializes in ultrathin, flexible solid-state lithium microbatteries for wearable devices, connected sensors, and IoT applications. The company's innovative technology enables energy-dense rechargeable products ideal for form-factor-constrained applications.

Ensurge Micropower (OSE: ENSU, OTCQB: ENMPY) has published a Technology Research Report on its website. The report, authored by Accelerate Capital AS, was commissioned by major technology investors and presented to Ensurge by participants in the company's recent capital increase. Ensurge considers the analysis to provide a balanced view of opportunities and challenges.

In the interest of equal treatment of shareholders, Ensurge has obtained permission to make the report publicly available. It can now be accessed in the Analyst Coverage section of the company's website at https://www.ensurge.com/investors/analyst-coverage. Accelerate Capital AS is an investment and business development company focusing on scaling impact investments in tech climate-related sectors, including batteries.