Ensurge Micropower Asa Stock Price, News & Analysis

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.

On July 1, 2024, Ensurge Micropower ASA held an Extraordinary General Meeting electronically, where all agenda items were approved as proposed by the board of directors. Notably, the previously announced subsequent offering, which was slated to be discussed, was canceled and removed from the agenda. The meeting minutes will be accessible on the company's website.

Ensurge Micropower is pioneering ultrathin, flexible, and safe solid-state lithium microbatteries designed for wearable devices, connected sensors, and other compact applications. Their manufacturing facility in Silicon Valley utilizes patented technology and roll-to-roll production methods to meet market demands.

Ensurge Micropower ASA has announced the cancellation of its previously planned Subsequent Offering.

The decision comes after the company's shares traded below the subscription price set during a recent NOK 85 million Private Placement. The company's board deemed that shareholders desiring to mitigate dilution had the opportunity to purchase shares at lower market prices.

The resolution for the Subsequent Offering will not be presented at the Extraordinary General Meeting on 1 July 2024, which will proceed with other agenda items.

Ensurge Micropower specializes in producing ultrathin, flexible, and safe solid-state lithium microbatteries for wearable devices and IoT sensors.

On June 27, 2024, Ensurge Micropower announced the delivery of its solid-state lithium microbatteries to a leading Fortune 500 medical device company. This shipment follows an evaluation agreement signed on October 25, 2023. Ensurge's microbatteries, featuring 10um technology, promise faster charging, longer cycle life, enhanced safety, and customizable form factors. These batteries are also compatible with Surface Mount Technology (SMT) assembly processes, making them ideal for various future medical applications.

Ensurge Micropower ASA has announced an Extraordinary General Meeting scheduled for 1 July 2024 at 9:00 (CET), to be held electronically. The agenda includes the registration of participating shareholders, the election of a chairperson and a co-signer for the minutes, the approval of the notice and agenda, and discussions on a subsequent offering. Additionally, the meeting will authorize the board to issue shares in private placements and rights issues.

Ensurge Micropower is recognized for its ultrathin, flexible, solid-state lithium microbattery, designed for devices in the 1 to 100 milliampere-hour range. Their products are suitable for wearables, IoT devices, and energy-harvesting sensors. The company's manufacturing facility in Silicon Valley utilizes patented technology and roll-to-roll production methods to cater to expanding markets.

Ensurge Micropower ASA has announced the registration of a share capital increase following the conversion of a NOK 6,000,000 convertible loan plus accrued interest into 12,439,921 new shares. This has been officially registered in the Register of Business Enterprises. The company's share capital now stands at NOK 308,951,604.50, divided into 617,903,209 shares, each with a par value of NOK 0.50.

Ensurge Micropower is pioneering in the development of ultrathin, flexible, and safe solid-state lithium microbatteries for devices ranging from wearables to IoT sensors. Their Silicon Valley facility uses advanced roll-to-roll production methods to meet market demands.

Ensurge Micropower ASA announced a significant change in shareholdings. The company completed a private placement of 54,775,545 new shares, including a share lending agreement involving Skandinaviska Enskilda Banken and Robert Keith. Keith lent shares to facilitate the settlement, subscribing for 2,508,719 new shares. Following this, on 22 May 2024, the share capital increase was registered, and borrowed shares were returned to Keith. Consequently, on 23 May 2024, Keith's holdings increased from 14,555,661 shares (2.4%) to 65,710,532 shares (10.85%), surpassing the 5% and 10% voting rights thresholds, triggering a disclosure obligation.

Ensurge Micropower announced the approval of a share capital increase following the conversion of a NOK 6 million convertible loan plus accrued interest into shares. This decision follows a resolution from an Extraordinary General Meeting in November 2023 that extended the maturity date and amended conversion terms. The conversion resulted in the issuance of 12,439,921 new shares, which will not be listed on Oslo Børs until a listing prospectus is published. The company's share capital will now total NOK 308,951,604.50, divided into 617,903,209 shares, each with a par value of NOK 0.50.

Ensurge Micropower ASA announced the successful completion of a private placement, raising NOK 84,902,095 through the allocation of 54,775,545 new shares. The company's share capital now stands at NOK 302,731,644, divided into 605,463,288 shares each valued at NOK 0.50. Ensurge Micropower specializes in ultrathin, flexible, and safe solid-state lithium microbatteries for wearable devices, connected sensors, and similar applications. The capital increase has been registered with the Register of Business Enterprises, providing the company with the financial strength to continue its innovation in energy-dense rechargeable products.