Ensurge Micropower ASA - Registration of Share Capital Increase
On November 8, 2022, Ensurge Micropower ASA announced a successful private share placement, allocating a total of 27,500,000 new shares across two tranches, generating gross proceeds of approximately NOK 55 million. The registered share capital now stands at NOK 232,634,834.19, divided into 234,984,681 shares. The company specializes in ultrathin, flexible solid-state lithium microbatteries targeting wearables and IoT applications, manufactured using advanced roll-to-roll methods in Silicon Valley.
- Successful private placement raised approximately NOK 55 million.
- Increased share capital enhances financial stability.
- Innovative product offering targets growing markets in wearables and IoT.
- None.
Oslo, 16 November 2022
Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 8 November 2022 regarding a successful private placement of shares, through an allocation of 18,256,183 new shares in Tranche 1 and an allocation of 9,243,817 new shares in Tranche 2, for total gross proceeds (i.e. both tranches) of approximately NOK 55 million.
The share capital increase associated with Tranche 1 has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 232,634,834.19 divided into 234,984,681 shares, each share having a par value of NOK 0.99.
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
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
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 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.
FAQ
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