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Ensurge Micropower ( (ENMPF) ) has shared an announcement.
Ensurge Micropower has decided to cancel its Subsequent Offering of new shares due to the shares trading below the subscription price for an extended period. This decision allows shareholders to mitigate the dilutive effects of a prior Private Placement by purchasing shares at lower market prices, reflecting a strategic move to maintain shareholder value.
More about Ensurge Micropower
Ensurge Micropower is a company that specializes in advanced microbattery technology, catering to AI-enabled devices with a focus on performance and safety. Based in San Jose, California, Ensurge uses high-precision roll-to-roll production processes to create thin-film batteries suitable for consumer, medical, and industrial markets. The company collaborates with global customers to expedite product launches and is listed on the Oslo Stock Exchange.
YTD Price Performance: -20.91%
Average Trading Volume: 3,515,238
Current Market Cap: NOK805.4M
See more insights into ENMPF stock on TipRanks’ Stock Analysis page.