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Ensurge Micropower ASA - Registration of Share Capital Increase

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Ensurge Micropower ASA has registered a share capital increase following the conversion of a NOK 1,500,000 convertible loan plus accrued interest, resulting in the issuance of 3,003,131 new shares. The company's updated share capital is NOK 350,114,738.50, divided into 700,229,477 shares with a par value of NOK 0.50 each. Ensurge specializes in ultrathin, flexible solid-state lithium microbatteries for the 1-100 mAh class, targeting applications in wearables, connected sensors, and IoT devices.

Ensurge Micropower ASA ha registrato un aumento di capitale sociale dopo la conversione di un prestito convertibile di 1.500.000 NOK, più gli interessi maturati, che ha portato all'emissione di 3.003.131 nuove azioni. Il capitale sociale aggiornato dell'azienda è di 350.114.738,50 NOK, suddiviso in 700.229.477 azioni con un valore nominale di 0,50 NOK ciascuna. Ensurge si specializza in microbatterie al litio solide, ultrafini e flessibili, per la classe da 1 a 100 mAh, mirando a applicazioni in dispositivi indossabili, sensori connessi e dispositivi IoT.

Ensurge Micropower ASA ha registrado un aumento del capital social tras la conversión de un préstamo convertible de 1,500,000 NOK más los intereses acumulados, resultando en la emisión de 3,003,131 nuevas acciones. El capital social actualizado de la compañía es de 350,114,738.50 NOK, dividido en 700,229,477 acciones con un valor nominal de 0.50 NOK cada una. Ensurge se especializa en microbaterías de litio sólidas, ultradelgadas y flexibles en la clase de 1 a 100 mAh, enfocándose en aplicaciones en dispositivos vestibles, sensores conectados y dispositivos IoT.

Ensurge Micropower ASA는 1,500,000 NOK의 전환 가능한 대출금 및 발생한 이자를 전환한 후 자본금 증가를 등록하여 3,003,131주의 새로운 주식을 발행하였습니다. 회사의 업데이트된 자본금은 350,114,738.50 NOK이며, 이는 각각 0.50 NOK의 액면가를 가진 700,229,477 주로 나누어져 있습니다. Ensurge는 1-100 mAh 클래스의 초소형 유연한 고체 리튬 마이크로배터리에 특화되어 있으며, 웨어러블 기기, 연결 센서 및 IoT 장치와 같은 애플리케이션을 목표로 하고 있습니다.

Ensurge Micropower ASA a enregistré une augmentation de capital suite à la conversion d'un prêt convertible de 1.500.000 NOK, plus les intérêts courus, entraînant l'émission de 3.003.131 nouvelles actions. Le capital social mis à jour de la société est de 350.114.738,50 NOK, divisé en 700.229.477 actions avec une valeur nominale de 0,50 NOK chacune. Ensurge se spécialise dans des microbatteries au lithium solides, ultrafines et flexibles de classe 1 à 100 mAh, visant des applications dans les dispositifs portables, les capteurs connectés et les appareils IoT.

Ensurge Micropower ASA hat eine Kapitalerhöhung registriert, nachdem ein wandelbarer Kredit in Höhe von 1.500.000 NOK zuzüglich der aufgelaufenen Zinsen umgewandelt wurde, was zur Ausgabe von 3.003.131 neuen Aktien führte. Das aktualisierte Grundkapital des Unternehmens beträgt 350.114.738,50 NOK, verteilt auf 700.229.477 Aktien mit einem Nennwert von jeweils 0,50 NOK. Ensurge spezialisiert sich auf ultradünne, flexible Festkörper-Lithium-Mikrobatterien der Klasse 1-100 mAh, die auf Anwendungen in tragbaren Geräten, angeschlossenen Sensoren und IoT-Geräten abzielen.

Positive
  • Successfully completed convertible loan conversion, strengthening balance sheet structure
Negative
  • Share dilution through issuance of 3,003,131 new shares

Oslo, 18 November 2024 

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 10 November 2024 regarding conversion of a convertible loan in the amount of NOK 1,500,000 ("Convertible Loan"), plus accrued interest, and the resulting issuance of a total of 3,003,131 new shares in the Company. 

The share capital increase has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 350,114,738.50 divided into 700,229,477 shares, each share having a par value of NOK 0.50. 

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 
Email: lars.eikeland@ensurge.com (mailto:lars.eikeland@ensurge.com) 

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


FAQ

What is the new share capital of Ensurge Micropower (ENMPY) after the November 2024 capital increase?

Following the share capital increase in November 2024, Ensurge Micropower's share capital is NOK 350,114,738.50, divided into 700,229,477 shares with a par value of NOK 0.50 each.

How many new shares did Ensurge Micropower (ENMPY) issue in the November 2024 convertible loan conversion?

Ensurge Micropower issued 3,003,131 new shares following the conversion of a NOK 1,500,000 convertible loan plus accrued interest.

What was the value of the convertible loan converted by Ensurge Micropower (ENMPY) in November 2024?

The convertible loan converted by Ensurge Micropower was NOK 1,500,000, plus accrued interest.

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