ENSURGE MICROPOWER S/ADR - ENMPY STOCK NEWS

Ensurge Micropower ASA has issued a correction to its 2 September 2024 announcement regarding a subscription rights exercise and the 2024 Employee Share Purchase Plan (ESPP). The corrected figures show 2,216,074 new shares issued under the ESPP. Upon registration, the company's share capital will be NOK 311,113,173, divided into 622,226,346 shares with a par value of NOK 0.50 each.

The ESPP allows eligible participants to subscribe for shares, with offering periods aligned with financial result disclosures. Employees can contribute up to 20% of their gross salary, with a minimum total of NOK 6,000 per offering period. The board's resolution to issue new shares is based on the authorization granted at the annual general meeting on 14 May 2024.

Ensurge Micropower specializes in ultrathin, flexible solid-state lithium microbatteries for various applications, including wearables and IoT sensors.

Ensurge Micropower ASA has issued a mandatory notice of trade for a primary insider. The company announced that CEO/CFO Lars Eikeland was issued shares under the company's Employee Share Purchase Plan (ESPP). This transaction is subject to disclosure requirements as per section 5-12 of the Norwegian Securities Trading Act. The company has provided an attached form with further details about the transaction. This announcement reflects standard corporate governance practices for publicly traded companies in Norway, ensuring transparency in insider trading activities.

Ensurge Micropower ASA (ENMPY) has announced two significant developments: the exercise of 16,000 vested incentive subscription rights by an employee, and the issuance of 2,216,081 ordinary shares under the company's 2024 Employee Share Purchase Plan (ESPP). The subscription rights were exercised at NOK 0.950 per share, while the ESPP shares were issued at an average price of NOK 1.1334 per share.

Notably, CEO and CFO Lars Eikeland acquired 664,228 ordinary shares at NOK 0.9875 per share through the ESPP. The ESPP allows eligible participants to invest up to 20% of their gross salary or service fee in company shares during two offering periods each year. Following these transactions, Ensurge Micropower's share capital will be NOK 311,113,176.50, divided into 622,226,353 shares with a par value of NOK 0.50 each.

Ensurge Micropower ASA has announced the grant of subscription rights to its primary insiders. Lars Eikeland (CEO/CFO) and Arvind Kamath (EVP Technology Development) were granted these rights.

This announcement complies with the disclosure requirements under section 5-12 of the Norwegian Securities Trading Act. Further details can be found in the attached forms.

Ensurge Micropower ASA (ENMPY) has granted 11,400,000 incentive subscription rights to US employees/consultants and CEO/CFO Lars Eikeland. The grant, made under the company's 2024 incentive plan, has an exercise price of NOK 1.386 per share. The subscription rights have varying vesting schedules, with the majority vesting over three years. All rights expire on May 14, 2029.

Ensurge specializes in developing ultrathin, flexible solid-state lithium microbatteries for wearable devices, connected sensors, and IoT applications. The company's innovative technology aims to enable energy-dense rechargeable products ideal for form-factor-constrained applications in the 1-100 mAh class.

Ensurge Micropower ASA (ENMPY) has reported significant progress in its solid-state lithium microbattery technology for the first half of 2024. The company has shipped its first 10 μm multi-layer Solid-State Lithium Batteries (SSLBs) to a strategic partner and delivered samples to a Global Fortune 500 medical-device company. Ensurge is nearing its targets for energy density, charge cycles, and production yield.

The company has made groundbreaking innovations in its production process, enhancing efficiency and simplicity, for which it is seeking patent protection. Recent testing demonstrates high pulse current capability, up to 12.5C, exceeding current specifications for Bluetooth measurement monitoring devices. This capability stems from Ensurge's unique battery architecture, material set, and process technology integration.

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 has approved a share capital increase through the conversion of a convertible loan. This decision follows the Extraordinary General Meeting held on 10 November 2023, which extended the maturity date and amended conversion terms for existing convertible loans. A lender holding a principal amount of NOK 1,000,000 in convertible loans has requested conversion into shares at a price of NOK 0.5250 per share. The Board approved this conversion on 24 July 2024, resulting in the issuance of 2,091,063 new shares. Upon registration of this share capital increase, Ensurge's total share capital will be NOK 309,997,136, divided into 619,994,272 shares, each with a par value of NOK 0.50.

Ensurge Micropower ASA announced the approval and publication of its Prospectus by the Financial Supervisory Authority (FSA). This follows the successful private placement of 54,775,545 new shares and the approval of a share capital increase linked to a NOK 6 million convertible loan. This Prospectus covers the listing of 3,387,968 Private Placement Shares and 12,439,921 Convertible Loan Shares on Oslo Børs. Additionally, convertible loans amounting to NOK 2.5 million could result in up to 5,117,546 new shares. Skandinaviska Enskilda Banken acted as the financial advisor for the Private Placement, while Ræder Bing and Advokatfirmaet Thommessen provided legal counsel.