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Ensurge Micropower ASA - Registration of Share Capital Increase

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Ensurge Micropower ASA (ENMPY) has announced the registration of a share capital increase following the conversion of a NOK 1,000,000 convertible loan plus accrued interest. This resulted in the issuance of 2,091,063 new shares. The company's updated share capital is now NOK 309,997,136, divided into 619,994,272 shares, each with a par value of NOK 0.50.

Ensurge specializes in developing ultrathin, flexible, and safe solid-state lithium microbatteries for the 1-100 mAh class. These innovative batteries are designed for wearable devices, connected sensors, and IoT applications. The company's manufacturing facility in Silicon Valley combines patented process technology with roll-to-roll production methods to bring their technology to market.

Ensurge Micropower ASA (ENMPY) ha annunciato la registrazione di un aumento di capitale a seguito della conversione di un prestito convertibile di NOK 1.000.000 più gli interessi maturati. Questo ha portato all'emissione di 2.091.063 nuove azioni. Il capitale sociale aggiornato della società è ora di NOK 309.997.136, suddiviso in 619.994.272 azioni, ciascuna con un valore nominale di NOK 0,50.

Ensurge si specializza nello sviluppo di microbatterie al litio solid-state ultrafini, flessibili e sicure per la classe 1-100 mAh. Queste batterie innovative sono progettate per dispositivi indossabili, sensori connessi e applicazioni IoT. Lo stabilimento di produzione dell'azienda in Silicon Valley combina una tecnologia di processo brevettata con metodi di produzione roll-to-roll per portare la loro tecnologia sul mercato.

Ensurge Micropower ASA (ENMPY) ha anunciado el registro de un aumento de capital tras la conversión de un préstamo convertible de NOK 1,000,000 más los intereses devengados. Esto resultó en la emisión de 2,091,063 nuevas acciones. El capital social actualizado de la compañía es ahora de NOK 309,997,136, dividido en 619,994,272 acciones, cada una con un valor nominal de NOK 0.50.

Ensurge se especializa en el desarrollo de microbaterías de litio en estado sólido, ultradelgadas, flexibles y seguras para la clase de 1-100 mAh. Estas baterías innovadoras están diseñadas para dispositivos portátiles, sensores conectados y aplicaciones IoT. La instalación de fabricación de la empresa en Silicon Valley combina tecnología de procesos patentados con métodos de producción roll-to-roll para llevar su tecnología al mercado.

Ensurge Micropower ASA (ENMPY)는 NOK 1,000,000의 전환 대출금과 누적 이자를 전환 후 자본 증대를 등록했다고 발표했습니다. 이로 인해 2,091,063개의 새로운 주식이 발행되었습니다. 회사의 업데이트된 자본금은 현재 NOK 309,997,136이며, 619,994,272주로 나뉘어 있으며, 각 주식의 액면가는 NOK 0.50입니다.

Ensurge는 1-100 mAh 클래스의 초박형, 유연하고 안전한 고체 리튬 마이크로 배터리 개발을 전문으로 합니다. 이 혁신적인 배터리는 착용 가능한 장치, 연결된 센서 및 IoT 애플리케이션을 위해 설계되었습니다. 실리콘 밸리에 있는 회사의 제조 시설은 특허 받은 공정 기술과 롤 투 롤 생산 방식을 결합하여 그들의 기술을 시장에 선보입니다.

Ensurge Micropower ASA (ENMPY) a annoncé la registration d'une augmentation de capital suite à la conversion d'un prêt convertible de NOK 1.000.000 plus les intérêts accumulés. Cela a abouti à l'émission de 2.091.063 nouvelles actions. Le capital social mis à jour de la société s'élève désormais à NOK 309.997.136, divisé en 619.994.272 actions, chacune ayant une valeur nominale de NOK 0,50.

Ensurge se spécialise dans le développement de microbatteries lithium à état solide, ultrafines, flexibles et sécurisées pour la classe 1-100 mAh. Ces batteries innovantes sont conçues pour les dispositifs portables, les capteurs connectés et les applications IoT. L'usine de fabrication de la société située dans la Silicon Valley combine une technologie de processus brevetée avec des méthodes de production roll-to-roll pour porter sa technologie sur le marché.

Ensurge Micropower ASA (ENMPY) hat die Registrierung einer Kapitalerhöhung nach der Umwandlung eines konvertierbaren Darlehens über NOK 1.000.000 zuzüglich aufgelaufener Zinsen angekündigt. Dies führte zur Ausgabe von 2.091.063 neuen Aktien. Das aktualisierte Aktienkapital des Unternehmens beträgt nun NOK 309.997.136, aufgeteilt in 619.994.272 Aktien, jede mit einem Nennwert von NOK 0,50.

Ensurge spezialisiert sich auf die Entwicklung von ultradünnen, flexiblen und sicheren Solid-State-Lithium-Mikrobatterien für die Klasse 1-100 mAh. Diese innovativen Batterien sind für tragbare Geräte, verbundene Sensoren und IoT-Anwendungen konzipiert. Die Produktionsanlage des Unternehmens im Silicon Valley kombiniert patentierte Prozesstechnologie mit Roll-to-Roll-Produktionsmethoden, um ihre Technologie auf den Markt zu bringen.

Positive
  • Successful conversion of NOK 1,000,000 convertible loan into equity
  • Increase in total number of shares by 2,091,063
  • Strengthened balance sheet through debt-to-equity conversion
Negative
  • Potential dilution of existing shareholders' ownership due to new share issuance

Oslo, 5 August 2024 

Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 25 July 2024 regarding conversion of a convertible loan in the amount of NOK 1,000,000 ("Convertible Loan"), plus accrued interest, and the resulting issuance of a total of 2,091,063 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 309,997,136 divided into 619,994,272 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 
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

How many new shares did Ensurge Micropower (ENMPY) issue on August 5, 2024?

Ensurge Micropower (ENMPY) issued 2,091,063 new shares on August 5, 2024, as a result of converting a NOK 1,000,000 convertible loan plus accrued interest.

What is Ensurge Micropower's (ENMPY) new share capital after the August 2024 increase?

After the share capital increase in August 2024, Ensurge Micropower's (ENMPY) new share capital is NOK 309,997,136, divided into 619,994,272 shares, each with a par value of NOK 0.50.

What type of batteries does Ensurge Micropower (ENMPY) specialize in?

Ensurge Micropower (ENMPY) specializes in ultrathin, flexible, and safe solid-state lithium microbatteries for the 1 to 100 milliampere-hour (mAh) class, designed for wearable devices, connected sensors, and IoT applications.

Where is Ensurge Micropower's (ENMPY) manufacturing facility located?

Ensurge Micropower's (ENMPY) state-of-the-art manufacturing facility is located in the heart of Silicon Valley, California.

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