Ensurge Micropower Asa Stock Price, News & Analysis

Ensurge Micropower ASA announced a significant change in shareholdings. The company completed a private placement of 54,775,545 new shares, including a share lending agreement involving Skandinaviska Enskilda Banken and Robert Keith. Keith lent shares to facilitate the settlement, subscribing for 2,508,719 new shares. Following this, on 22 May 2024, the share capital increase was registered, and borrowed shares were returned to Keith. Consequently, on 23 May 2024, Keith's holdings increased from 14,555,661 shares (2.4%) to 65,710,532 shares (10.85%), surpassing the 5% and 10% voting rights thresholds, triggering a disclosure obligation.

Ensurge Micropower announced the approval of a share capital increase following the conversion of a NOK 6 million convertible loan plus accrued interest into shares. This decision follows a resolution from an Extraordinary General Meeting in November 2023 that extended the maturity date and amended conversion terms. The conversion resulted in the issuance of 12,439,921 new shares, which will not be listed on Oslo Børs until a listing prospectus is published. The company's share capital will now total NOK 308,951,604.50, divided into 617,903,209 shares, each with a par value of NOK 0.50.

Ensurge Micropower ASA announced the successful completion of a private placement, raising NOK 84,902,095 through the allocation of 54,775,545 new shares. The company's share capital now stands at NOK 302,731,644, divided into 605,463,288 shares each valued at NOK 0.50. Ensurge Micropower specializes in ultrathin, flexible, and safe solid-state lithium microbatteries for wearable devices, connected sensors, and similar applications. The capital increase has been registered with the Register of Business Enterprises, providing the company with the financial strength to continue its innovation in energy-dense rechargeable products.

On 13 May 2024, Ensurge Micropower ASA successfully placed a private placement of 54,775,545 new shares. This placement involved a share lending agreement with Skandinaviska Enskilda Banken AB and Robert Keith, who temporarily disposed of 51,154,871 shares. Consequently, Keith's holdings dropped from 63,201,813 shares (11.47% of total shares and votes) to 14,555,661 shares (2.4% of total shares and votes). This disclosure aligns with Section 4-2 of the Norwegian Securities Trading Act and was necessary due to Keith's holdings crossing below the 10% and 5% thresholds of total voting rights and shares.

Ensurge Micropower held its Annual General Meeting (AGM) electronically on May 14, 2024. All agenda items were approved as proposed by the board of directors. The minutes will be available on their website.

Ensurge specializes in ultrathin, flexible, and safe solid-state lithium microbatteries for wearable devices and IoT sensors. These batteries cater to the 1 to 100 milliampere-hour (mAh) class, suitable for form-factor-constrained applications such as hearables, digital health wearables, sports devices, and energy-harvesting IoT sensors. The company operates a state-of-the-art facility in Silicon Valley, utilizing patented technology and roll-to-roll production methods.

Ensurge Micropower has released its Q1 2024 financial report. The company will present these results at its Annual General Meeting on May 14, 2024. Ensurge specializes in ultrathin, flexible, and safe solid-state lithium microbatteries for devices ranging from wearables to IoT sensors. Their advanced manufacturing facility in Silicon Valley leverages patented technology and roll-to-roll production to meet growing market demands. For more details, contact Investor Relations or CEO Lars Eikeland.

Ensurge Micropower ASA has announced a possible repair issue or subsequent offering, with an ex-date set for 14 May 2024. This announcement falls under the obligations of continuing requirements. The company aims to address any potential issues that might arise, ensuring smooth operations and maintaining investor confidence. Further details are expected as the date approaches.

Ensurge Micropower ASA announced an upcoming potential repair issue, set to occur on May 14, 2024. This move is in response to the company's ongoing obligations and is intended to address and rectify previous share issuance conditions. It aims to provide existing shareholders the opportunity to subscribe for additional shares under the same conditions as the initial issuance. The repair issue seeks to ensure fairness and maintain shareholder value amidst recent stock performance fluctuations.

Ensurge Micropower announced a private placement, raising approximately NOK 85 million at NOK 1.55 per share. Additionally, a subsequent offering aims to raise up to NOK 21,250,000 at the same price, pending approval at an Extraordinary General Meeting on 6 June 2024. Key dates include the announcement on 13 May 2024, the ex-date on 14 May 2024, and the record date on 15 May 2024. The maximum number of new shares for the subsequent offering is 13,709,677. The offering prospectus will be published before the subscription period begins, subject to approval by the Norwegian Financial Supervisory Authority.