ENSURGE MICROPOWER S/ADR - ENMPY STOCK NEWS

Ensurge Micropower ASA has granted 160,000 incentive subscription rights to certain US employees in the Ensurge group. The Board of Directors made this decision on 24 September 2024 under the company's 2024 incentive subscription rights plan, approved at the Annual General Meeting on 14 May 2024. The exercise price is set at NOK 1.0982 per share. The subscription rights will vest in two equal portions: 50% after one year and 50% after two years from the grant date. They will expire on 14 May 2029.

Ensurge Micropower specializes in developing ultrathin, flexible 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.

Ensurge Micropower ASA has announced an Extraordinary General Meeting to be held on 14 October 2024 at 16:30 (CET) as an electronic meeting. The agenda includes:

• Registration of participating shareholders
• Approval of notice and agenda
• Private Placement: Issuance of Tranche 2 Shares and amendment of articles of association
• Subsequent Offering: Issuance of new shares
• Board authorizations to issue shares in private placements and rights issues

Ensurge Micropower specializes in ultrathin, flexible solid-state lithium microbatteries for wearable devices, connected sensors, and IoT applications. The company's innovative technology enables energy-dense rechargeable products ideal for form-factor-constrained applications.

Ensurge Micropower (OSE: ENSU, OTCQB: ENMPY) has published a Technology Research Report on its website. The report, authored by Accelerate Capital AS, was commissioned by major technology investors and presented to Ensurge by participants in the company's recent capital increase. Ensurge considers the analysis to provide a balanced view of opportunities and challenges.

In the interest of equal treatment of shareholders, Ensurge has obtained permission to make the report publicly available. It can now be accessed in the Analyst Coverage section of the company's website at https://www.ensurge.com/investors/analyst-coverage. Accelerate Capital AS is an investment and business development company focusing on scaling impact investments in tech climate-related sectors, including batteries.

Ensurge Micropower ASA has announced a potential corporate action in the form of a possible repair issue or subsequent offering. The ex-date for this action is set for 20 September 2024. This information has been disclosed in compliance with the Continuing Obligations requirements.

While the press release is brief, it suggests that Ensurge Micropower ASA may be considering a capital raising initiative or shareholder compensation mechanism. The repair issue or subsequent offering could potentially impact existing shareholders and the company's capital structure.

Ensurge Micropower ASA has announced a potential repair issue, with the ex-date set for September 20, 2024. This information has been made public in accordance with the requirements of the Continuing Obligations. The company has not provided additional details about the nature or scope of the potential repair issue at this time.

Ensurge Micropower ASA has announced a private placement of shares raising NOK 75 million at a subscription price of NOK 1 per share. Additionally, the company is considering a subsequent offering to raise up to NOK 11.5 million at the same subscription price, subject to approval by an Extraordinary General Meeting expected to be held on or about 14 October 2024.

Key dates for the potential subsequent offering include:

• Announcement date: 19 September 2024
• Last day including right: 19 September 2024
• Ex-date: 20 September 2024
• Record date: 23 September 2024

Ensurge Micropower ASA has successfully completed a private placement, raising NOK 75 million through the issue of 75 million new shares at NOK 1 per share. The placement, which was oversubscribed, will be divided into two tranches: Tranche 1 with 61,790,320 shares and Tranche 2 with 13,209,680 shares. The proceeds will fund a 25% increase in operations personnel and capital expenditures to enhance production capacity. The company expects additional funding from joint development agreements, battery sales, and license agreements in the next 3-9 months.

Following the placement, Ensurge's share capital will be NOK 348,613,173, divided into 697,226,346 shares. The company plans to propose a subsequent offering of up to NOK 11.5 million to eligible shareholders who did not participate in the private placement, subject to approval at an extraordinary general meeting scheduled for around October 14, 2024.

Ensurge Micropower ASA (ENMPY) is contemplating a private placement of 50-75 million new ordinary shares at NOK 1.0 per share. The placement may be divided into two tranches, with Tranche 1 consisting of 61,790,320 shares. DNB Asset Management has committed NOK 5,000,000 to the placement. The company plans to use the proceeds to fund operations, including a 25% increase in personnel and capital expenditures for production line changes. Ensurge expects additional funding from various sources over the next 3-9 months. The bookbuilding period is from September 19-20, 2024. A subsequent offering may be considered for existing shareholders who didn't participate in the private placement.

Ensurge Micropower (OSE: ENSU, OTCQB: ENMPY) has shipped sample batteries to the U.S. Department of Energy as part of phase 2 of their Micro battery design competition. The company submitted a variety of coin cells and assembled multilayer stacked batteries built on 10um stainless steel substrate. CEO Lars Eikeland stated that these samples showcase both the battery technology and the maturity of Ensurge's manufacturing process.

Ensurge is making significant progress in reaching battery performance targets while optimizing yield and encapsulation to increase cycle life, enabling higher battery stacking. The company was a phase 1 finalist in the competition and received a USD 75,000 award in November 2023.