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Ensurge Micropower Expands Share Capital with New Share Issuance

Story Highlights
  • Ensurge Micropower develops innovative microbattery technology for wearables and IoT devices.
  • The company issued 367,000 new shares, enhancing its market presence and growth strategy.
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Ensurge Micropower Expands Share Capital with New Share Issuance

Confident Investing Starts Here:

An announcement from Ensurge Micropower ( (ENMPF) ) is now available.

Ensurge Micropower ASA has announced the issuance of 367,000 new shares following the exercise of incentive subscription rights under its 2022 and 2023 Subscription Rights Plans. This increase in share capital, now registered in the Register of Business Enterprises, reflects the company’s strategic growth and commitment to expanding its market presence in the microbattery industry.

More about Ensurge Micropower

Ensurge Micropower is a company specializing in the development of ultrathin, flexible, and reliable solid-state lithium microbatteries. Based in Silicon Valley, the company focuses on innovative microbattery technology suitable for applications in hearables, wearables, sports and fitness devices, and IoT sensor solutions. Ensurge combines patented process technology with roll-to-roll production methods and aims to outsource production to specialized partners for efficient scaling. The company is listed on the Norwegian stock exchange and supported by strong financial investors from Norway.

Average Trading Volume: 4,278,905

Current Market Cap: NOK978.1M

See more data about ENMPF stock on TipRanks’ Stock Analysis page.

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