ENSURGE MICROPOWER S/ADR - ENMPY STOCK NEWS

Ensurge Micropower ASA (OSE: ENSU, OTCQB: ENMPY) has engaged Pareto Securities AS to explore a potential private placement of shares aimed at enhancing manufacturing capabilities and expanding into new markets. The specifics regarding timing, structure, and size of the placement will depend on market conditions and corporate decisions, with no guarantee that it will occur. Additional details about the placement will be released in the future. Ensurge specializes in ultrathin, flexible energy storage solutions, focusing on solid-state lithium battery technology.

On January 11, 2022, the board of directors of Ensurge Micropower ASA approved the issuance of 810,000 incentive subscription rights to employees. This decision is part of the 2021 incentive plan established at the Annual General Meeting on June 3, 2021. The exercise price is set at NOK 0.7001 per share, with rights vesting at 50% annually over two years, expiring June 3, 2026. Post-grant, a total of 192,270,966 subscription rights are outstanding.

Ensurge Micropower ASA (OTCQB: ENMPY) reported significant advancements in its Q4 update, focusing on the development of solid-state lithium microbatteries from its San Jose facility. The company successfully validated its production scalability and is on track to ship packaged samples shortly. In 2022, Ensurge aims to convert customer agreements into product revenue, expanding into medical wearables and industrial markets. With an expected total addressable market of 10 billion units, Ensurge's innovative battery technology promises enhanced performance for target markets including hearables and connected sensors.

Ensurge Micropower ASA announced the release of an investor presentation accompanying CEO Kevin Barber's webcast detailing the Third Quarter 2021 results, held on November 17, 2021. The presentation highlights Ensurge's innovative solid-state lithium battery technology, aimed at revolutionizing energy storage for wearable devices and connected sensors. The company's advanced production facility in Silicon Valley utilizes roll-to-roll manufacturing methods, enhancing its capacity to produce lightweight, cost-effective batteries. For more details, the presentation is available for download.

Ensurge Micropower ASA announced its Q3 2021 interim report on November 17, highlighting key achievements. The company built its first stacked batteries, marking a significant milestone towards customer samples. Ensurge signed a second customer agreement in the medical hearables market and is negotiating proposals in medical wearables and industrial applications. The company appointed manufacturing veteran Jay Tu as VP Operations. CEO Kevin Barber will provide further insights in a web conference on the same day.

Ensurge Micropower ASA will host a web conference on 17 November 2021 at 8:00 am CET, following the release of its Q3 2021 interim report. CEO Kevin Barber will discuss the company's technology, manufacturing, and go-to-market activities. The conference can be accessed online, and a recording will be available afterward on the company's investor relations website. Ensurge specializes in ultrathin, flexible, and safe energy storage solutions, focusing on solid-state lithium battery technology for wearable devices and connected sensors.

On 28 October 2021, Ensurge Micropower ASA announced the cancellation and forfeiture of 4,283,638 incentive subscription rights previously granted to employees and directors. Primary insiders including CEO Kevin Barber and CFO David Williamson forfeited significant rights without compensation. This follows a May 2021 announcement regarding the issuance of these rights. The forfeiture may impact investor sentiment, raising concerns over the company's compensation strategies and potential implications for future talent retention.

On 28 October 2021, Ensurge Micropower announced the cancellation of 4,283,638 incentive subscription rights originally granted to employees and board members. This follows the exercise expiry of Warrants B and C, resulting in a forfeiture of 3,426,910 rights held by employees and 856,728 by board members. Post-cancellation, a total of 193,865,731 subscription rights remain outstanding. The issuance of these rights was previously approved at the Annual General Meeting on 3 June 2021, reflecting a significant adjustment in Ensurge’s employee equity incentives.

On October 26, 2021, Ensurge Micropower ASA's board approved the issuance of 7,020,000 incentive subscription rights to employees under its 2021 plan. The rights have an exercise price of NOK 0.6873 per share, vesting by 50% annually over two years, and expiring on June 3, 2026. With this issuance, a total of 198,149,369 subscription rights are currently outstanding. This move aims to enhance employee incentives and align their interests with shareholders.