Ensurge Micropower ASA – Contemplated private placement

Core Viewpoint - Ensurge Micropower ASA is planning a private placement of new shares to raise gross proceeds of up to NOK 100 million, divided into two tranches, to support product development and operational enhancements [1][2][4]. Group 1: Private Placement Details - The private placement will consist of two tranches: Tranche 1 will include 83,678,032 Offer Shares under a 10% board authorization, while Tranche 2 will include additional shares to meet the total offer size [2]. - The Offer Price and final number of Offer Shares will be determined through an accelerated bookbuilding process starting after trading closes on Euronext Oslo Børs [3]. - The bookbuilding period is set to commence on 6 November 2025 and is expected to close by 7 November 2025 [6]. Group 2: Use of Proceeds - Net proceeds from the private placement will be allocated to expanding the team for product development, upgrading capital equipment for manufacturing, and general corporate purposes [4]. Group 3: Investor Interest - Indicated investors have shown sufficient interest to cover the full private placement, ensuring demand for the Offer Shares [5]. Group 4: Allocation and Settlement - Tranche 1 Offer Shares will be tradable from 7 November 2025, with settlement expected around 11 November 2025, while Tranche 2 will be tradable following EGM approval on or about 3 December 2025 [8]. - The final allocation of Offer Shares will be at the discretion of the Board, based on various criteria including indications of interest and existing ownership [9]. Group 5: Subsequent Offering - A subsequent offering may be proposed for existing shareholders who were not allocated shares in the private placement, subject to certain conditions [16].