Ensurge Micropower ASA - Contemplated private placement of up to NOK 100 million, of which NOK 65 million is underwritten
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Oslo, 11 November 2026 - The Board of Directors of Ensurge Micropower ASA ("Ensurge" or the "Company") (OSE: ENSU) intends to carry out a private placement of new shares with gross proceeds of up to NOK 100 million (the "Private Placement"). The Company has received binding underwriting commitments of NOK 65 million from existing shareholders (the "Underwriters").
The Company expects to shortly retain a manager for the contemplated Private Placement.
Subscription price The subscription price in the Private Placement will be NOK 0.5578 per share. This equals the average closing price of the Company's share on Euronext Oslo Børs over the last ten trading days.
Further process The Board is working on the process for increasing the underwriting commitments and raising the remaining amount with NOK 35 million. Further details, including timing and necessary corporate approvals and actions, will be announced when decided.
The Company expects to secure interim financing to fund operations until the targeted completion of the Private Placement.
This information is considered to be inside information pursuant to the EU Market Abuse Regulation (MAR) and is subject to the disclosure requirements pursuant to MAR article 17 and section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Kristian Mørk Spetalen on behalf of Shauna McIntyre, CEO, on 11 November 2026 at the time and date stated above in this announcement. For further information, please contact: ir@ensurge.com
About Ensurge Micropower ASA Ensurge Micropower develops ultra-thin, flexible solid-state lithium microbatteries that enable next-generation electronic devices. The company's proprietary platform is designed to deliver safe, high-performance energy storage in space-constrained applications across medical devices, hearables, wearables, industrial systems, and defense. Ensurge Micropower ASA is listed on the Oslo Stock Exchange under the ticker ENSU.
Important information This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company. Copies of this announcement are not being made and may not be distributed or sent into any jurisdiction in which such distribution would be unlawful or would require registration or other measures.