Ensurge Micropower ASA - Grant of Incentive Subscription Rights

Core Points - The Board of Directors of Ensurge Micropower ASA has granted 10,390,000 incentive subscription rights to employees under the 2025 incentive subscription rights plan, with an exercise price of NOK 1.1829 per share [1] - The subscription rights will vest over four years in equal quarterly increments and expire on 8 August 2030 [2] - Ensurge Micropower specializes in ultrathin, flexible, reliable, and safe solid-state lithium microbattery technology, suitable for various applications [2][3] Company Overview - Ensurge has a workforce of forty specialists based in Silicon Valley, focusing on innovative microbattery technology for form-factor-constrained applications such as wearables and IoT devices [3] - The company operates a state-of-the-art manufacturing facility that combines patented process technology with roll-to-roll production methods, aiming to optimize prototyping and small-scale manufacturing [4] - Ensurge is listed on the Norwegian stock exchange and is financed by reputable financial investors, indicating strong strategic investment and transatlantic collaboration [5]