Ensurge Micropower ASA - Registration of Share Capital Increase
September 27 2024 - 8:21AM
UK Regulatory
Ensurge Micropower ASA - Registration of Share Capital Increase
Oslo, 27 September 2024
Reference is made to the announcement by Ensurge
Micropower ASA (the "Company") on 19 September 2024 regarding a
successful private placement of shares ("Private Placement"),
through an allocation of 61,790,320 new shares in Tranche 1
and an allocation of 13,209,680 new shares in Tranche 2, for total
gross proceeds (i.e. both tranches) of NOK 75 million.
The share capital increase associated with Tranche
1 has now been duly registered in the Register of Business
Enterprises. Following the share capital increase, the Company's
share capital is NOK 342,008,333 divided into 684,016,666
shares, each share having a par value of NOK 0.50.
About Ensurge Micropower:
Ensurge is Energizing Innovation (TM) with the
first ultrathin, flexible, reliable, and fundamentally safe
solid-state lithium microbattery for the 1 to 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.
Advisors
Arctic Securities and Skandinaviska Enskilda
Banken AB (publ) are acting as joint bookrunners in connection with
the Private Placement. Ræder Bing advokatfirma AS is acting as the
Company's legal advisor. Advokatfirmaet Thommessen AS is acting as
legal advisor to the Managers.
For more information, please contact:
Lars Eikeland - Chief Executive Officer
E-mail: lars.eikeland@ensurge.com
This information is subject to the disclosure
requirements pursuant to section 5-12 of the Norwegian Securities
Trading Act.
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