Ensurge Micropower Reports Successful Share Capital Expansion
Ensurge Micropower's Significant Share Capital Increase
Ensurge Micropower ASA has made a noteworthy move by announcing a successful share capital increase. This decision is driven by the exercise of 19,470,726 Warrants, with each Warrant priced at NOK 1.00. Such a strategic action has resulted in the issuance of an impressive total of 19,470,726 new shares, reflecting the company's growing ambitions.
Details of the Share Capital Increase
The advancement in share capital has now been officially recorded in the Register of Business Enterprises. Consequently, the total share capital for Ensurge stands at NOK 429,142,639.50. This amount translates into an impressive distribution of 858,285,279 shares, where each share holds a par value of NOK 0.50.
About Ensurge Micropower
Ensurge Micropower is dedicated to transforming the landscape of AI-enabled devices through its sophisticated microbattery technology. This technology not only ensures superior performance but also emphasizes safety, marking a significant advancement in battery solutions. The company's headquarters are located in San Jose, California, where a talented team of battery specialists has developed cutting-edge thin-film batteries utilizing high-precision roll-to-roll production methods.
Innovative Solutions for Various Markets
Ensurge’s innovations are set to open new avenues for applications that require compact form factors in sectors like consumer electronics, medical devices, and industrial operations. By collaborating with leading global clients, Ensurge is paving the way for faster market introductions of their groundbreaking products.
Investor Relations and Communication
For inquiries or further information, stakeholders are encouraged to contact Lars Eikeland, the Chief Executive Officer. He can be reached via email at lars.eikeland@ensurge.com.
Stay Informed on Ensurge's Developments
Interested parties can keep up with the latest news about Ensurge Micropower and its contributions to advanced battery technologies. Updates and insights are frequently shared, reflecting the company's commitment to innovation.
Frequently Asked Questions
What led to the share capital increase at Ensurge?
The share capital increase was a result of the exercise of 19,470,726 Warrants, reflecting investor confidence and support for the company's growth plans.
How many new shares were issued?
A total of 19,470,726 new shares were issued during this process, indicating a significant increase in the company's equity.
What is Ensurge Micropower known for?
Ensurge Micropower specializes in advanced microbattery technology, aiming to power the next generation of AI-enabled devices with high-performance and safety standards.
What is the par value of the shares after the capital increase?
The par value of each share is NOK 0.50, contributing to a total share capital of NOK 429,142,639.50.
How can I get in touch with Ensurge's executive team?
For any inquiries, you can contact Lars Eikeland, CEO, directly via his email at lars.eikeland@ensurge.com.
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