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Ensurge Micropower ASA - Grant of Incentive Subscription Rights
Globenewswire· 2025-09-26 18:30
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]
Ensurge Micropower ASA - Information about the exercise period for warrants issued in connection with Private Placement in January 2025
Globenewswire· 2025-09-25 20:00
Core Viewpoint - The announcement details the exercise period for warrants issued by Ensurge Micropower ASA, allowing holders to subscribe for new shares at a specified price, emphasizing the importance of timely exercise to avoid lapse [2][3]. Group 1: Warrants Exercise Information - The exercise period for the warrants begins on 26 September 2025 and ends on 10 October 2025 at 16:30 CEST [3]. - Each warrant allows the holder to subscribe for one new share at a subscription price of NOK 1.00 [3]. - Unexercised warrants will lapse without compensation to the holder [3]. Group 2: Exercise Procedure - Warrants can be exercised by submitting 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 websites of both the company and Arctic Securities AS [4]. - Payment for new shares is due immediately upon exercise [4]. Group 3: Company Overview - Ensurge Micropower specializes in ultrathin, flexible, and reliable solid-state lithium microbattery technology [5]. - The company operates from Silicon Valley, employing forty specialists to develop innovative microbattery solutions for various applications, including wearables and IoT devices [6]. - Ensurge's manufacturing facility utilizes patented technology and roll-to-roll production methods, focusing on prototyping and small-scale manufacturing while planning to outsource larger production [7]. Group 4: Financial and Market Position - Ensurge is listed on the Norwegian stock exchange and is supported by reputable financial investors, indicating a strong strategic investment and collaboration [8].
Ensurge Micropower ASA - Extraordinary General Meeting held on 8 August 2025
Globenewswire· 2025-08-08 11:31
Company Overview - Ensurge Micropower ASA held an Extraordinary General Meeting where all agenda items were adopted, including the issuance of 20,000,000 warrants to investors from a private placement announced on 8 July 2025 [1] - The company is focused on developing ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbatteries [2] Technology and Innovation - Ensurge has a workforce of forty specialists based in Silicon Valley, developing innovative microbattery technology suitable for various applications such as hearables, wearables, and IoT sensor solutions [3] - The company's manufacturing facility utilizes patented process technology and materials innovation, optimized for prototyping and small-scale manufacturing, with plans to outsource production to specialized partners for scaling [4] Financial and Market Position - Ensurge is listed on the Norwegian stock exchange and is financed by strong financial investors, indicating a strategic investment and robust transatlantic collaboration [5]
Ensurge Micropower ASA - Fully Underwritten Private Placement successfully placed
Globenewswire· 2025-07-08 18:00
Core Viewpoint - Ensurge Micropower ASA has successfully completed a fully underwritten private placement, raising NOK 50 million through the issuance of 40 million new shares at a subscription price of NOK 1.25 per share [2]. Group 1: Private Placement Details - The private placement raised gross proceeds of NOK 50,000,000 by issuing 40,000,000 Offer Shares at a subscription price of NOK 1.25 per share [2]. - Investors in the private placement will receive one warrant for every two Offer Shares allocated, allowing them to subscribe for one new share at an exercise price of NOK 1.50 [3]. - The issuance of the warrants is subject to approval at the extraordinary general meeting expected on or about 1 August 2025 [3]. Group 2: Use of Proceeds - The net proceeds from the private placement will be utilized to accelerate the development of higher-capacity battery variants, enhance sales and marketing activities, strengthen financial flexibility, and for general corporate purposes [4]. Group 3: Underwriting and Share Capital - Certain existing shareholders have committed to fully underwrite the private placement, with an underwriting fee of 3% payable in the form of 1,200,000 new shares at the offer price [5]. - Following the completion of the private placement, the company's share capital will increase to NOK 418,390,160.50, divided into 836,780,321 shares, each with a par value of NOK 0.50 [7]. Group 4: Compliance and Market Conditions - The board has confirmed that the private placement complies with equal treatment obligations under Norwegian law and is in the common interest of the company and its shareholders [9]. - The private placement was structured to achieve a market-based subscription price, reflecting current market conditions and growth opportunities [9][10].