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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.
On May 13, 2024, Ensurge Micropower announced the successful completion of a private placement, raising NOK 84.9 million from the allocation of 54.8 million shares at a price of NOK 1.55 per share. The placement, overseen by Skandinaviska Enskilda Banken as the manager, saw a threefold oversubscription. The generated funds will support Ensurge's operational activities, focusing on Go-To-Market strategies and production increase. The company's share capital will now be NOK 302.7 million, split into 605.5 million shares. The private placement's completion depends on corporate resolutions and regulatory approvals. Additionally, a subsequent offering of up to NOK 21.25 million is proposed, targeted at existing shareholders who did not participate in the initial placement.
Ensurge Micropower ASA is hosting a Company update presentation with the Chairman of the Board after the Annual General Meeting on Tuesday, May 14, 2024. The company is revolutionizing the industry with its ultrathin, flexible, and safe solid-state lithium microbattery for wearable devices and connected sensors. The presentation will provide valuable insights into the company's innovations and future plans.
Ensurge Micropower ASA is contemplating a private placement of up to 54,775,545 new ordinary shares to fund operations and production ramp up. The company's Q1 2024 report highlights a revenue of USDk 20, operating costs of USDk 3,278, and a cash position of USDk 4,893. The Private Placement aims to raise capital efficiently, with a potential subsequent offering to limit dilution and ensure equal treatment of shareholders.
Ensurge Micropower ASA's Nomination Committee has proposed an agenda for the upcoming Annual General Meeting on 14th May 2023. Ensurge Micropower is a company specializing in innovative solid-state lithium microbatteries, catering to wearable devices, connected sensors, and other applications. The company's cutting-edge technology and manufacturing processes aim to revolutionize the energy storage industry.
