Ensurge Micropower Approves 405,000 New Shares After Employee Incentive Plan Exercise
Ensurge Micropower Issues 405,000 New Shares Following Incentive Plan Exercise
Ensurge Micropower ASA has announced the approval and issuance of 405,000 new shares after an employee exercised vested incentive subscription rights. These rights were allocated under the company’s 2022 and 2023 Subscription Rights Plans. Specifically, 125,000 subscription rights were exercised at a per-share price of NOK 0.915, while the remaining 280,000 were exercised at NOK 0.50 per share.
Following this transaction, Ensurge Micropower’s share capital will increase to NOK 418,592,660.50, divided into 837,185,321 shares, each with a nominal value of NOK 0.50. This move illustrates the company’s ongoing strategy of leveraging its stock portfolio to incentivize and retain talented employees, a common approach to support performance stocks and encourage long-term commitment.
About Ensurge Micropower
Ensurge Micropower specializes in the development of innovative, solid-state lithium microbatteries. These ultrathin, flexible, and safe microbatteries are designed for use in compact electronic devices such as wearables, fitness trackers, hearables, and IoT sensors that employ energy harvesting. The company’s facility in Silicon Valley utilizes advanced process technology and roll-to-roll production methods to deliver reliable products to the market.
While Ensurge’s production facilities focus on prototyping and small-scale production, the company intends to scale by partnering with specialized manufacturers. Ensurge is listed on the Norwegian stock exchange and benefits from strong financial backing, combining Norwegian and global investment expertise.
Summary
The recent exercise of subscription rights demonstrates Ensurge Micropower's commitment to innovative incentive strategies through their stock portfolio, while also showcasing the company’s market activity and investment in talent.
This content is for informational purposes only and does not constitute financial advice.
