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Ensurge Micropower Expands Share Capital Following Warrant Exercise

Story Highlights
  • Ensurge Micropower specializes in ultrathin, flexible microbatteries for compact applications.
  • The company successfully issued 19,470,726 new shares, boosting its share capital significantly.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Ensurge Micropower Expands Share Capital Following Warrant Exercise

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The latest announcement is out from Ensurge Micropower ( (ENMPF) ).

Ensurge Micropower ASA announced the successful exercise of 19,470,726 Warrants, leading to the issuance of an equal number of new shares at an exercise price of NOK 1.00 each. This move will increase the company’s share capital to NOK 429,142,639.50, reflecting a strategic step in enhancing its financial structure and market positioning.

More about Ensurge Micropower

Ensurge Micropower is a technology company based in Silicon Valley, specializing in the development of ultrathin, flexible, and safe solid-state lithium microbatteries. These microbatteries are designed for applications with limited space, such as hearables, wearables, and IoT devices. The company utilizes advanced manufacturing techniques and aims to scale production through partnerships, while being listed on the Norwegian stock exchange.

Average Trading Volume: 1,428,274

Current Market Cap: NOK922.7M

For detailed information about ENMPF stock, go to TipRanks’ Stock Analysis page.

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