Skip to main content

Ensurge Micropower ASA – Extraordinary General Meeting held on 10 November 2023

Written by Customer Service on . Posted in Public Companies.

An Extraordinary General Meeting in Ensurge Micropower ASA (the “Company”) was held today as an electronic meeting.

All proposals on the agenda were adopted in accordance with the proposals of the Company’s Board, including the approval of Tranche 2 of the private placement and a subsequent offering, both announced by the Company on 18 October 2023. 

Following the issuance of the shares in Tranche 2, the Company’s share capital will be NOK 233,468,885.80, divided into 2,334,688,858 shares each with a par value of NOK 0.10. 

The Extraordinary General Meeting approved a new convertible loan in the total amount of NOK 4.5 million. The loan shall carry interest at the rate of 5% per annum and matures and shall be repaid (unless the loan has been converted into shares) on 10 November 2024. The loan, including accrued interest, may be converted at a conversion price per share of NOK 0.105 before the maturity date. 

Further, the terms and conditions of the existing convertible loan (issued on 17 August 2022) were resolved amended as proposed by the Board, and the loan, including accrued interest, may be converted at the amended conversion price of NOK 0.105 per share before the maturity date on 10 November 2024. 

The minutes from the Extraordinary General Meeting will be made available on the Company’s website. 

About Ensurge Micropower 

Ensurge is Energizing Innovation (TM) with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1 to 100 milliampere-hour (mAh) class of wearable devices, connected sensors, and beyond. The innovative Ensurge Microbattery enables energy-dense rechargeable products that are ideal for form-factor-constrained applications including hearables (hearing aids and wireless headphones), digital and health wearables, sports and fitness devices, and IoT sensor solutions that use energy harvesting to power everyday things. The company’s state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation with the scale of roll-to-roll production methods to bring the advantages of Ensurge technology to established and expanding markets. 

For more information, please contact: 

Terje Rogne, Chair Phone: +47 472 02 200

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.