Ensurge Micropower ASA - Registration of Share Capital Increase
Reference is made to the announcement by Ensurge Micropower ASA (the "Company") on 8 November 2022 regarding a successful private placement of shares, through an allocation of 18,256,183 new shares in Tranche 1 and an allocation of 9,243,817 new shares in Tranche 2, for total gross proceeds (i.e. both tranches) of approximately NOK 55 million. Further reference is made to the announcement on 1 December 2022 regarding the approval of the share capital increase related to Tranche 2 by the Company’s Extraordinary General Meeting held on 1 December 2022.
The share capital increase associated with Tranche 2 has now been duly registered in the Register of Business Enterprises. Following the share capital increase, the Company's share capital is NOK 241,786,213.02 divided into 244,228,498 shares, each share having a par value of NOK 0.99.
The shares in Tranche 2 will be transferred to the Company’s ordinary ISIN and be tradable on the Oslo Børs under the ticker code “ENSU” upon approval and publication of a prospectus.
Contact
Ståle Bjørnstad - Investor Relations
E-mail:
Phone:
Kevin Barber - Chief Executive Officer
E-mail:
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
About Ensurge Micropower
Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1-100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company's state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to- roll production methods to bring the advantages of Ensurge technology to established and expanding markets.
