Ensurge Micropower ASA - Cancellation of Subsequent Offering
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 ha annunciato l'annullamento della sua Offerta Successiva in seguito a un Collocamento Privato che ha raccolto 75 milioni di NOK. La decisione del Consiglio è stata presa in base al fatto che le azioni della società hanno continuato a essere scambiate al di sotto del prezzo di sottoscrizione per un periodo prolungato, permettendo agli azionisti di acquistare azioni sul mercato a prezzi inferiori per compensare l'effetto diluitivo del Collocamento Privato. Le azioni hanno continuato a essere scambiate al di sotto del prezzo di sottoscrizione per tutta la durata del periodo di sottoscrizione dal 7 al 21 novembre 2024.
Ensurge Micropower ASA ha anunciado la cancelación de su Oferta Subsecuente tras un Colocación Privado que recaudó 75 millones de NOK. La decisión de la Junta se basó en que las acciones de la compañía se han negociado por debajo del precio de suscripción durante un periodo prolongado, lo que permite a los accionistas comprar acciones en el mercado a precios más bajos para compensar el efecto dilutivo de la Colocación Privada. Las acciones continuaron negociándose por debajo del precio de suscripción durante todo el período de suscripción del 7 al 21 de noviembre de 2024.
Ensurge Micropower ASA는 7억 5천만 NOK를 모금한 사모 배치 후 후속 제공을 취소한다고 발표했습니다. 이사회는 회사의 주식이 장기간 동안 청약가 이하로 거래되고 있어 주주들이 사모 배치의 희석 효과를 상쇄하기 위해 시장에서 낮은 가격으로 주식을 구매할 수 있다고 판단하여 이 결정을 내렸습니다. 2024년 11월 7일부터 21일까지의 모든 청약 기간 동안 주식은 청약가 이하에서 거래되었습니다.
Ensurge Micropower ASA a annoncé l'annulation de son Offre Subséquente suite à une Placement Privé qui a permis de lever 75 millions de NOK. La décision du Conseil a été fondée sur le fait que les actions de l'entreprise ont été échangées en dessous du prix d'abonnement pendant une période prolongée, permettant aux actionnaires d'acheter des actions sur le marché à des prix plus bas pour compenser l'effet dilutif du Placement Privé. Les actions ont continué à être échangées en dessous du prix d'abonnement pendant toute la durée de la période d'abonnement du 7 au 21 novembre 2024.
Ensurge Micropower ASA hat die Stornierung seines Folgeangebots angekündigt, nachdem eine Privatplatzierung 75 Millionen NOK eingebracht hat. Die Entscheidung des Vorstands basierte darauf, dass die Aktien des Unternehmens über einen längeren Zeitraum unter dem Ausgabepreis gehandelt wurden, was es den Aktionären ermöglichte, Aktien auf dem Markt zu niedrigeren Preisen zu kaufen, um die verwässernde Wirkung der Privatplatzierung auszugleichen. Die Aktien wurden während des gesamten Bezugszeitraums vom 7. bis 21. November 2024 weiterhin unter dem Ausgabepreis gehandelt.
- Successfully completed Private Placement raising NOK 75 million
- Share price trading below Private Placement subscription price
- Cancellation of Subsequent Offering due to low share price performance
Oslo, 22 November 2024
Reference is made to the stock exchange announcement published by Ensurge Micropower ASA (the "Company") on 19 September 2024 regarding the completion of a private placement raising gross proceeds of approximately NOK 75 million (the "Private Placement") and a potential subsequent offering on the same terms and conditions as in the Private Placement directed towards eligible shareholders (the "Subsequent Offering"). Further reference is made to the announcement on 5 November 2024, stating that the subscription period for the Subsequent Offering would be from 7 November 2024 to 21 November 2024.
The Board of Directors of the Company has resolved to cancel the Subsequent Offering.
The background for the cancellation is that the Company's shares have traded below the subscription price in the Private Placement for a substantial period and at sufficient volumes. Shareholders wishing to reduce the dilutive effect of the Private Placement have therefore had the opportunity to purchase shares in the market at prices below the subscription price in the Subsequent Offering. Further, the Company’s shares have traded below such subscription price during the entirety of the subscription period for the Subsequent Offering.
About Ensurge Micropower:
Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets.
For more information, please contact:
Lars Eikeland - Chief Executive Officer
E-mail: lars.eikeland@ensurge.com
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
FAQ
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