ENSURGE MICROPOWER S/ADR - ENMPY STOCK NEWS

Ensurge Micropower ASA announced on 23 August 2022, the issuance of 850,000 incentive subscription rights to its employees, as part of a plan ratified during the Annual General Meeting on 25 May 2022. The rights have an exercise price of NOK 3.4320 per share, vesting 50% per year over two years, and expiring on 25 May 2027. With this issuance, the total outstanding incentive subscription rights amounts to 23,533,852.

Ensurge Micropower ASA will host a web conference on August 24, 2022, at 8:00 AM CET to discuss its 1H 2022 interim report and financial results. CEO Kevin Barber will present updates on the company’s innovative solid-state lithium battery (SSLB) technology and manufacturing activities. The conference will be available at this link, with a recording accessible afterward on the company’s investor relations website. Ensurge is known for its ultrathin, flexible, and safe energy storage solutions.

On August 17, 2022, an Extraordinary General Meeting (EGM) for Ensurge Micropower ASA approved all proposed resolutions, including a convertible loan of NOK 46,790,000 at an interest rate of 5% per annum. The loan can be converted into shares at a price of NOK 3.00, with conversion possible six months post-EGM and until August 17, 2023. The company is focused on solid-state lithium microbatteries, particularly for wearable devices and IoT sensors. Further details will be available on the company’s website.

As of August 15, 2022, Morten Opstad, Chair of the Board of Ensurge Micropower ASA, holds a total of 76,468,969 shares, representing 35.28% of the company's share capital and voting rights ahead of the Extraordinary General Meeting on August 17, 2022.

This includes proxy votes for 73,009,484 shares (33.68%) and voting instructions for 3,459,485 shares (1.60%). Ensurge specializes in solid-state lithium microbatteries for wearable devices and IoT sensors, emphasizing innovation and manufacturing in Silicon Valley.

Ensurge Micropower (OTCIQ: ENMPY) announced it is collaborating with multiple large multinational corporations to evaluate its solid-state lithium microbatteries aimed at the wearables and IoT market. CEO Kevin Barber highlighted potential strategic options, including technology licensing and joint ventures. Recent advancements in interfacial engineering have led to low impedance in the microbatteries, enabling faster charging and improved performance. The company has seen growing interest, adding 12 new leads in the last three months, and expects the partnerships to solidify as evaluations conclude.

Ensurge Micropower ASA has confirmed the completion of a private placement, increasing its share capital to NOK 213,967,213.02. The placement involved the issuance of 2,816,666 new shares, bringing the total number of shares to 216,128,498, each with a par value of NOK 0.99. This capital increase is now officially registered in the Register of Business Enterprises, enhancing the company's capacity to innovate and expand its market presence.

An Extraordinary General Meeting for Ensurge Micropower ASA is scheduled for August 17, 2022, at 9:00 CET. This meeting will be conducted electronically, with attendance forms and guidelines provided in both English and Norwegian. Ensurge is known for its innovative solid-state lithium microbattery technology tailored for wearable devices and IoT applications. The company emphasizes the safety and flexibility of its products, manufactured using advanced roll-to-roll techniques in Silicon Valley. Contact information for investor relations is included in the announcement.

Ensurge Micropower ASA announced a correction to its previous press release regarding a fundraise. A participant will subscribe for 600,000 shares at NOK 3.00 per share instead of a convertible loan. This follows the Board’s authorization to issue shares from the 2022 annual general meeting. After the new issuance, the share capital will total NOK 214,561,213.02, divided into 216,728,498 shares. Ensurge specializes in solid-state lithium microbatteries for wearable devices and IoT applications, leveraging advanced manufacturing technology.

Ensurge Micropower has announced securing NOK 57 million in funding, with NOK 48.5 million coming from commitments for convertible loans and NOK 8.5 million from a private placement of new shares. The Board approved both financing options, with the convertible loans subject to shareholder approval. The loans, repayable after one year, can be converted into shares at NOK 3.00 each, carrying a 5% annual interest rate. The private placement will issue 2,816,666 shares at the same price, increasing the company's share capital significantly.