Core Points - Electrovaya Inc. has successfully closed its public offering of 4,700,000 common shares at a price of US$5.20 per share [1] - The underwriters exercised their overallotment option in full, leading to the issuance of an additional 705,000 common shares [1] - The total gross proceeds from the offering amount to approximately US$28.1 million before deducting underwriting discounts and commissions [1]

Group 1: Leadership Changes - Shauna McIntyre has been appointed as the new CEO of Ensurge Micropower ASA [1] - A new Board of Directors has been established, with Alex Munch-Thore elected as the new Chairman of the Board [1] Group 2: Strategic Partnerships - Ensurge has signed a Joint Development Agreement with Corning, a leading innovator in glass, ceramics, and materials science [1] - An Investment Agreement with Corning has been signed, allowing Ensurge to utilize full-time Corning resources on-site to support the development of an ultra-high performance product line using Corning's Ribbon Ceramic substrate [2] Group 3: Product Development and Manufacturing - Ensurge has successfully shipped numerous battery prototypes as part of evaluation agreements [2] - The company has improved manufacturing throughput, quality, and repeatability, including advancements in roll-to-roll (R2R) cell layer manufacturing and battery cell assembly [2] Group 4: Market Focus - Ensurge is progressing multi-year paid development programs across medical and consumer sectors [3] - The company specializes in advanced microbattery technology aimed at powering AI-enabled devices, with a focus on thin-film batteries produced through high-precision roll-to-roll production processes [3]

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].

Q2 FY'26 Performance - Net sales reached $951 million, an increase of 8% year-over-year[12,37] - Adjusted EPS ex 45X was $1.51, up 15% year-over-year[11,12] - Adjusted operating earnings were $130 million, a 13% increase year-over-year, or a 10% increase excluding 45X benefits[12] - Free cash flow was $197 million, a significant increase of $194 million year-over-year[12] - Adjusted gross margin was 29.1%, up 40 bps year-over-year, but excluding 45X, it was 24.9%, flat year-over-year[13] Tariff Mitigation - The company faces approximately $70 million in annualized tariff exposure[17] - 78% of US supply is sourced from US or USMCA compliant regions, limiting tariff exposure[22] - 65% of global revenue is in the US[22] Demand Trends - Q2'26 orders decreased 1% year-over-year and 7% quarter-over-quarter[28] - Q2'26 book-to-bill ratio was 0.90, down year-over-year and quarter-over-quarter[28] - Q2'26 backlog decreased 8% year-over-year and 10% quarter-over-quarter[26] Q3'26 Guidance - Net sales are projected to be between $920 million and $960 million, representing a 4% year-over-year increase at the midpoint[57] - Adjusted EPS is expected to be between $2.71 and $2.81, but excluding 45X, it's projected at $1.64 to $1.74, a 46% increase[57] - The company anticipates a $35 million to $40 million IRC 45X benefit to the cost of sales[57]

Core Insights - Flux Power Holdings, Inc. has announced new purchase orders totaling approximately $2.4 million, indicating strong demand for its lithium-ion energy storage solutions in material handling electrification [1][2][3] - The orders include $1.4 million from a leading global food and beverage distribution company and $1.0 million from a global industrial equipment manufacturing customer, highlighting the company's momentum in key industries [1][2] Company Performance - The repeat orders reflect strong customer satisfaction and ongoing trust in Flux Power's technology, service, and brand, contributing to consistent revenue growth [2][3] - Flux Power's Chief Revenue Officer emphasized that the recurring business demonstrates customers' reliance on the company's technology and the value derived from data insights provided by its intelligent lithium batteries [3] Industry Trends - The continued strength of recurring customer orders reinforces the steady transition of the industry toward electrification, as companies seek to enhance productivity, safety, and sustainability [3] - Flux Power's solutions are transforming material handling and other industrial operations by reducing emissions, increasing efficiency, and simplifying fleet energy management [3][4] Product Offering - Flux Power designs, manufactures, and sells advanced lithium-ion energy storage solutions for various industrial and commercial sectors, providing a more environmentally friendly alternative to traditional lead-acid and propane-based solutions [4] - The company's lithium-ion battery packs help reduce CO2 emissions and improve sustainability and ESG metrics for fleets [4]

Core Insights - HS Hyosung Advanced Materials Corporation is expanding into the battery materials sector by acquiring an 80% stake in Extra Mile Materials BV, a subsidiary of Umicore BV, which will enable Hyosung to enter the growing global battery materials market [1][2][3] Group 1: Acquisition Details - The acquisition involves Hyosung purchasing an 80% stake in Extra Mile Materials BV, with Umicore retaining a 20% stake [2] - Hyosung's investment in Umicore amounts to EUR 120 million, and a separate joint venture is planned, pending Belgian government approval [3] Group 2: Market Outlook - The global battery materials market is expected to grow significantly, with electric vehicles projected to account for 40% of global vehicle sales by 2030, up from 20% currently [2] Group 3: Technological Advancements - Hyosung anticipates that silicon anodes will replace graphite anodes in lithium-ion EV batteries due to their higher energy density, faster charging capabilities, and improved driving range [4] - Umicore's silicon-anode technology, protected by over 30 patent families, is designed to provide key benefits for the EV industry, including enhanced energy density and reduced costs [5]

Core Insights - A new company, Jiangsu Li Auto Battery Co., Ltd., has been established, focusing on battery manufacturing and sales, as well as research and development in emerging energy technologies [1] - The registered capital of the new company is 70 million RMB [1] - The company is wholly owned by Shandong Li Auto Battery Co., Ltd., which is jointly held by Beijing Li Auto Co., Ltd. and Xinwanda Power Technology Co., Ltd. [1] Company Overview - Jiangsu Li Auto Battery Co., Ltd. is involved in various operations including battery manufacturing, sales, and electric vehicle charging infrastructure [1] - The establishment of this company indicates Li Auto's strategic move to enhance its capabilities in battery technology and electric vehicle support systems [1] Industry Implications - The formation of this new battery company aligns with the growing demand for electric vehicles and the need for advanced battery solutions in the automotive industry [1] - This development may contribute to the competitive landscape of the electric vehicle market, particularly in battery technology and infrastructure [1]

Financial Performance - Revenue reached $8 million, an 85% year-over-year increase compared to $4.3 million in Q3 2024[6, 23] - Non-GAAP gross profit was $1.7 million with a 21% margin, a significant improvement from the loss in the prior year[6, 23] - Adjusted EBITDA loss improved by $2.3 million year-over-year, with a loss of $21.4 million[6] - Non-GAAP EPS was ($0.14), showing a $0.02 year-over-year improvement[6] - Cash, cash equivalents, and marketable securities totaled $648 million, a 223% increase year-over-year[8] Operational Highlights - The AI-1 smartphone battery's performance was validated by an independent testing firm, confirming the highest energy density reported for a smartphone battery[8] - The company delivered over 1,000 battery packs to a lead smart eyewear customer and samples to 9 other OEMs and ODMs, with some expecting product launches in 2026[8] - The global pipeline for Defense & Industrial sector exceeds $80 million, driven by diversified supply chain advantages[8, 16] Capital Markets Activities - The company completed a shareholder-friendly warrant dividend and issued new convertible notes due in 2030[8] - $360 million 4.75% Convertible Senior Notes due 2030 were issued in September 2025[21] - Approximately $58 million of common stock was repurchased[21]

Core Viewpoint - EnerSys, a global leader in stored energy solutions, has declared a quarterly cash dividend of $0.2625 per share, payable on December 26, 2025, to shareholders of record as of December 12, 2025 [1] Company Overview - EnerSys specializes in stored energy solutions for industrial applications, including the design, manufacturing, and distribution of energy systems solutions and motive power batteries, as well as specialty batteries [1]

Core Insights - SES AI Corporation reported a revenue of $7.1 million for the third quarter of 2025, marking an increase of $3.6 million compared to the second quarter of 2025 [1] Financial Performance - The company affirmed its previously issued financial guidance for the year ending December 31, 2025 [1]