Ensurge Micropower ASA - Subscription Rights Exercise

Group 1 - The company has received notice for the exercise of 367,000 vested incentive subscription rights from an employee, which were granted under the 2022 and 2023 Subscription Rights Plans [1] - The Board has approved the exercise, resulting in the issuance of 367,000 new shares, increasing the company's share capital to NOK 397,790,160.50, divided into 795,580,321 shares with a par value of NOK 0.50 each [2] Group 2 - Ensurge Micropower is focused on developing ultrathin, flexible, reliable, and safe solid-state lithium microbattery technology [3] - The company employs forty specialists in Silicon Valley, aiming to create innovative microbattery solutions for various applications, including wearables and IoT devices [4] - Ensurge's manufacturing facility utilizes patented technology and roll-to-roll production methods, with plans to outsource production to specialized partners for efficient scaling [5] - The company is listed on the Norwegian stock exchange and is supported by reputable financial investors, indicating a strong strategic investment and collaboration [6]