Reference is made to the announcement by Ensurge Micropower ASA (the "Company")
on 11 February 2025 regarding the issuance of Warrants. The Warrants were
exercisable between 26 September 2025 and 10 October 2025, and all Warrants not
exercised within such time would lapse without compensation to the holder.
A total of 19,470,726 Warrants were exercised, resulting in an aggregate
subscription for 19,470,726 new shares (the "New Shares") in the Company, each
Warrant having an exercise price of NOK 1.00.
The Board of Directors of the Company has approved the allocation of New Shares
to the exercising holders of Warrants and has consequently resolved to increase
the share capital of the Company accordingly.
Payment for the exercise of the New Shares falls due on 14 October 2025. The New
Shares will be issued upon registration of the share capital increase in the
Norwegian Register of Business Enterprises.
Following registration of the share capital increase in connection with the
exercise of Warrants, the Company's share capital will be NOK 429,142,639.50,
divided into 858,285,279 shares each with a nominal value of NOK 0.50.
About Ensurge Micropower
Ensurge is energizing innovation with the first ultrathin, flexible, reliable,
and fundamentally safe solid-state lithium microbattery.
With a workforce of forty top-tier specialists based in the world's technology
capital, Silicon Valley, Ensurge has developed a future-oriented and innovative
microbattery technology. The microbattery is ideal for form-factor-constrained
applications, including hearables, 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 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.
Ensurge's production facilities are optimized for prototyping and small-scale
manufacturing. To scale efficiently, we aim to outsource the production of the
resulting intellectual property (IP) to specialized partners with industrial
manufacturing expertise.
Ensurge is listed on the Norwegian stock exchange and is financed out of Norway
by strong and reputable financial investors, reflecting both a strategic
investment and a robust transatlantic collaboration.
For more information
Lars Eikeland (CFO)
Lars.Eikeland@ensurge.com
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act.