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]

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].