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Ensurge Micropower ASA – Private Placement successfully placed
Globenewswire· 2025-11-09 21:47
Core Viewpoint - Ensurge Micropower ASA has successfully completed a private placement, raising gross proceeds of NOK 100 million through the issuance of new shares, aimed at enhancing product development and operational capabilities [2][3][10]. Group 1: Private Placement Details - The private placement consists of two tranches: Tranche 1 includes 83,678,032 shares, while Tranche 2 has a conditional allocation of 27,433,079 shares, both priced at NOK 0.90 per share [2][4]. - The net proceeds will be utilized for team expansion, capital equipment upgrades, and general corporate purposes [3][10]. - The settlement for Tranche 1 is expected on 12 November 2025, and for Tranche 2 on 4 December 2025, pending extraordinary general meeting approval [5][8]. Group 2: Insider Allocations - Key insiders received allocations in the private placement, including the CEO with 113,666 shares and the CFO with 1,311,185 shares, among others [6][4]. - The total allocation for primary insiders amounts to 5,858,184 shares, valued at NOK 5,272,365.60 [4]. Group 3: Future Offerings - The Board plans to propose a subsequent offering of new shares, potentially raising up to NOK 20 million, directed at existing shareholders who did not participate in the private placement [11][10]. - The subsequent offering will be contingent on various approvals and market conditions, with the subscription price matching that of the private placement [11][10]. Group 4: Company Overview - Ensurge Micropower specializes in advanced microbattery technology for AI-enabled devices, focusing on high-performance and safety [14]. - The company operates from San Jose, California, and is listed on the Oslo Stock Exchange, partnering with global customers to accelerate product market entry [14].
DNO Raises USD 400 Million in Hybrid Bonds
Globenewswire· 2025-06-05 16:51
Core Viewpoint - DNO ASA successfully completed a private placement of USD 400 million in subordinated hybrid bonds, indicating strong investor demand and a strategic move to enhance its financing structure following the acquisition of Sval Energi Group AS [1][2]. Group 1: Bond Details - The hybrid bonds have a coupon rate of 10.75 percent, with the first call at 100 percent of nominal value after 5.5 years, a coupon step-up after six years, and maturity in 2085 [1]. - The bond placement was significantly oversubscribed, reflecting robust interest from investors across US, Nordic, and international markets [1]. Group 2: Use of Proceeds - Proceeds from the bond issue will be utilized to refinance financial indebtedness in Sval Energi and for general corporate purposes [3]. Group 3: Company Background - DNO ASA is a Norwegian oil and gas operator with operations in the Middle East, North Sea, and West Africa, holding stakes in various exploration, development, and production licenses [4].
IDEX Biometrics ASA - Information about the second exercise period for warrants (Warrants B) issued in connection with the Private Placement and Subsequent Offering
GlobeNewswire News Room· 2025-03-31 20:10
Core Viewpoint - The exercise period for Warrants B of IDEX Biometrics ASA has commenced, allowing holders to subscribe for new shares at a price of NOK 0.15, with the period ending on 11 April 2025 [3]. Company Information - IDEX Biometrics ASA is a global technology leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity [5]. - The company's biometric solutions are built on patented sensor technologies and target card-based applications for payments and digital authentication [5]. - IDEX Biometrics partners with leading card manufacturers and technology companies to bring its solutions to market [5]. Exercise Procedure - Holders of Warrants B must submit a completed exercise form to the Manager, Arctic Securities AS, along with payment for the new shares [4]. - The exercise form is available on the company's and the Manager's websites [4].