ENSURGE MICROPOWER S/ADR - ENMPY STOCK NEWS

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.

Ensurge Micropower ASA announced the approval of a share capital increase through the conversion of a convertible loan. A lender holding NOK 1,500,000 of the total NOK 4,500,000 convertible loan has exercised their conversion rights, including accrued interest, at a conversion price of NOK 0.5250 per share. This conversion results in the issuance of 3,003,131 new shares. Following registration, the company's share capital will be NOK 350,114,738.50, divided into 700,229,477 shares, each with a par value of NOK 0.50.

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.