Ensurge Micropower ASA – Commencement of subscription period in the Subsequent Offering

Core Viewpoint - Ensurge Micropower ASA has successfully completed a private placement of 111,111,111 new shares and is launching a subsequent offering of up to 22,222,222 new shares at a subscription price of NOK 0.90 per share, equal to the price in the private placement [1][2]. Group 1: Private Placement and Subsequent Offering - The private placement was announced on 9 November 2025, and the subsequent offering was approved by the Extraordinary General Meeting on 3 December 2025 [1]. - The subsequent offering will issue shares with a nominal value of NOK 0.50, and the subscription period runs from 5 December 2025 to 12 December 2025 [2][3]. Group 2: Subscription Rights and Eligibility - Subscription rights will be allocated to shareholders who held shares on 7 November 2025 and were not allocated shares in the private placement [4]. - Eligible shareholders will receive 0.042889 subscription rights per share held, with each right allowing the subscription for one offer share [5]. Group 3: Subscription Process and Timeline - Subscription rights must be exercised before the expiration of the subscription period on 12 December 2025, after which they will lapse without value [6]. - Oversubscription is permitted, and the payment for the offer shares is expected around 17 December 2025, with delivery anticipated on or about 22 December 2025 [7]. Group 4: Company Overview - Ensurge Micropower specializes in advanced microbattery technology for AI-enabled devices, focusing on thin-film batteries produced through high-precision roll-to-roll processes [9]. - The company partners with global customers to accelerate product market entry and is listed on the Oslo Stock Exchange [9].