Ensurge Micropower ASA - Extraordinary General Meeting held on 1 July 2024

Rhea-AI Summary

On July 1, 2024, Ensurge Micropower ASA held an Extraordinary General Meeting electronically, where all agenda items were approved as proposed by the board of directors. Notably, the previously announced subsequent offering, which was slated to be discussed, was canceled and removed from the agenda. The meeting minutes will be accessible on the company's website.

Ensurge Micropower is pioneering ultrathin, flexible, and safe solid-state lithium microbatteries designed for wearable devices, connected sensors, and other compact applications. Their manufacturing facility in Silicon Valley utilizes patented technology and roll-to-roll production methods to meet market demands.

Positive

• All agenda items were approved, reflecting board support.
• Ensurge's technology is positioned for growing markets, including wearable devices and IoT sensors.

Negative

• Cancellation of the subsequent offering might indicate potential funding issues.

Oslo, 1 July 2024

An Extraordinary General Meeting in Ensurge Micropower ASA (the "Company") was held today as an electronic meeting. All items on the agenda were adopted in accordance with the proposals of the board of directors of the Company. As announced by the Company on 27 June 2024, the contemplated subsequent offering was cancelled and, consequently, withdrawn from the agenda at the Extraordinary General Meeting. 

The minutes from the Extraordinary General Meeting will be made available on the Company's website. 

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: 
Lars Eikeland, Chief Executive Officer 
E-mail: lars.eikeland@ensurge.com 

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

FAQ

What were the outcomes of the Ensurge Micropower ASA Extraordinary General Meeting held on July 1, 2024?

All agenda items were approved, and the subsequent offering was canceled.

What happened to the subsequent offering proposed by Ensurge Micropower ASA?

The subsequent offering was canceled and withdrawn from the agenda at the Extraordinary General Meeting.

Where can I find the minutes from Ensurge Micropower ASA's Extraordinary General Meeting held on July 1, 2024?

The minutes will be made available on Ensurge Micropower ASA's website.

What kind of technology does Ensurge Micropower ASA develop?

Ensurge Micropower ASA develops ultrathin, flexible, and safe solid-state lithium microbatteries for wearable devices and connected sensors.

Where is Ensurge Micropower ASA's manufacturing facility located?

The manufacturing facility is located in Silicon Valley.