Ensurge Micropower ASA – Extraordinary General Meeting Held

Rhea-AI Summary

Ensurge Micropower ASA held an Extraordinary General Meeting where shareholders approved all proposed resolutions, including a share capital increase related to Tranche 2 of a previously announced private placement on November 8, 2022. This decision supports the company's ongoing initiatives to innovate and expand its market presence in the solid-state lithium microbattery sector, catering to wearable devices and IoT solutions. The minutes from the meeting are available for review.

Positive

• Shareholders approved the share capital increase related to Tranche 2 of the private placement, indicating strong support for company initiatives.

Negative

• None.

An Extraordinary General Meeting in Ensurge Micropower ASA (the "Company") was today held as an electronic meeting. All proposed resolutions were approved by the shareholders, including the share capital increase related to Tranche 2 of the private placement announced by the Company on 8 November 2022. 

Please find enclosed the minutes from the Extraordinary General Meeting.  

For further information, please contact: 

Ståle Bjørnstad - Investor Relations 
E-mail: stale.bjornstad@ensurge.com 
Phone: +47 99 16 76 72 

Kevin Barber - Chief Executive Officer 
E-mail: kevin.barber@ensurge.com

About Ensurge Micropower 

Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1-100 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 Heiand 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. 

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

Attachment

• Minutes from EGM

FAQ

What was the outcome of the Extraordinary General Meeting for Ensurge Micropower ASA on November 8, 2022?

All proposed resolutions were approved, including the share capital increase related to Tranche 2 of the private placement.

What is the significance of the share capital increase approved by Ensurge Micropower ASA?

It supports the company's growth plans and ability to innovate in the microbattery sector.

When was the Extraordinary General Meeting held for Ensurge Micropower ASA?

The meeting was held electronically today, and the minutes are available for reference.

What products does Ensurge Micropower focus on?

Ensurge specializes in ultrathin, flexible, solid-state lithium microbatteries for wearable devices and IoT applications.

Where is Ensurge Micropower's manufacturing facility located?

The company's manufacturing facility is situated in Silicon Valley.