Ensurge Micropower Approves Employee Exercise of Incentive Subscription Rights

Ensurge Micropower ( (ENMPF) ) has shared an announcement.

Ensurge Micropower ASA develops ultra-thin, flexible solid-state lithium microbatteries for compact electronic devices. The company focuses on high-performance, safe energy storage solutions for medical, wearable, industrial, and defense applications, and its shares trade on the Oslo Stock Exchange under the ticker ENSU.

Ensurge Micropower has approved the exercise of 794,000 vested incentive subscription rights by employees under its 2023 Subscription Rights Incentive Plan. The exercise, at NOK 0.50 per share, will result in the issuance of 794,000 new shares and increase the company’s share capital to NOK 486,049,851.50 divided into 972,099,703 shares, modestly diluting existing shareholders while expanding employee ownership.

More about Ensurge Micropower

Ensurge Micropower ASA develops ultra-thin, flexible solid-state lithium microbatteries for next-generation electronic devices. Its proprietary platform targets safe, high-performance energy storage for space-constrained uses in medical devices, hearables, wearables, industrial systems, and defense, and the company is listed on the Oslo Stock Exchange under the ticker ENSU.

YTD Price Performance: -16.65%

Average Trading Volume: 1,766,219

Current Market Cap: NOK689.2M

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