Ensurge Micropower ASA Expands Share Capital with New Placement
Overview of Ensurge Micropower ASA's Share Capital Increase
Recently, Ensurge Micropower ASA, known for its pioneering work in solid-state lithium microbattery technology, successfully completed a significant private placement of shares. This move has allowed them to raise NOK 75 million through the allocation of 61,790,320 new shares in Tranche 1 and an additional 13,209,680 shares in Tranche 2. Such actions reinforce the company's position in the market and signal a robust strategy aimed at innovation and growth.
Details of the Capital Increase
The registration of the share capital increase associated with Tranche 1 has now been officially filed with the Register of Business Enterprises. As a result, the total share capital of Ensurge Micropower ASA has been adjusted to NOK 342,008,333, comprised of 684,016,666 shares, each valued at NOK 0.50. This substantial increase in share capital not only reflects investor confidence but also positions the company well for future endeavors.
Innovative Technology by Ensurge
At the heart of Ensurge’s vision is its mission to energize innovation through advanced battery technology. The company specializes in creating ultrathin, flexible, and reliable solid-state lithium microbatteries, which cater to devices requiring low to medium power outputs. These innovative batteries are specifically designed for a variety of applications, including wearable health monitors, IoT devices, and any technology where space is a premium.
The Impact of Solid-State Technology
Solid-state batteries present several advantages over traditional lithium-ion options, including increased safety, higher energy density, and better performance in diverse conditions. Ensurge’s focus on this technology means they are at the forefront of meeting growing consumer demands for more efficient, safe, and compact energy solutions.
Manufacturing Excellence
Ensurge Micropower ASA boasts a state-of-the-art manufacturing facility located strategically in Silicon Valley. This facility merges innovative patented processes and material science to facilitate roll-to-roll production. This method not only ensures high quality but also enables scalability, allowing Ensurge to meet the increasing demands of the market efficiently.
Strategic Industry Partnerships
The backing of strong financial partners, such as Arctic Securities and Skandinaviska Enskilda Banken AB (publ) as joint bookrunners during the Private Placement, highlights the robust support the company enjoys. Legal advice has been secured from Ræder Bing Advokatfirma AS, along with support from Advokatfirmaet Thommessen AS for managerial legal aspects. These collaborations add to the company's credibility and operational capabilities.
Future Directions
With the new capital in hand, Ensurge Micropower ASA is poised to accelerate its growth strategies, enhancing current product lines and exploring new market opportunities. The funds raised through the share placement will likely bolster research and development efforts, enabling the company to further innovate and refine its battery solutions, thus reinforcing its market leadership.
Contact Information
For more insights and information regarding Ensurge Micropower ASA and its cutting-edge technologies, interested parties can connect with Lars Eikeland, the Chief Executive Officer, via email at lars.eikeland@ensurge.com.
Frequently Asked Questions
What is the recent capital increase announced by Ensurge Micropower ASA?
Ensurge Micropower ASA recently registered a share capital increase totaling NOK 75 million through a successful private placement.
How many new shares were issued in this placement?
A total of 75 million new shares were issued, divided into two tranches.
What technology does Ensurge specialize in?
Ensurge specializes in ultrathin, flexible, and safe solid-state lithium microbatteries designed for wearable devices and IoT applications.
Where is Ensurge's manufacturing facility located?
Ensurge operates a state-of-the-art manufacturing facility in Silicon Valley, California.
Who are the advisors involved in the private placement?
Arctic Securities and Skandinaviska Enskilda Banken AB (publ) are the joint bookrunners, while Ræder Bing advokatfirma AS provides legal services.
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