The Board of Directors of Ensurge Micropower ASA (the "Company") has today resolved to grant a total of 385,000 incentive subscription rights to certain US employees in the Ensurge group. The grant was made under the Company's 2025 incentive subscription rights plan, as approved at the Extraordinary General Meeting held in the Company on 8 August 2025. The exercise price of the subscription rights is calculated to NOK 1.3294 per share.
50% of the subscription rights will become vested and exercisable on the one-year anniversary of the date of grant, and the remaining 50% will become vested and exercisable on the two-year anniversary of the date of grant. The subscription rights expire on 8 August 2030.
The subscription rights otherwise follow the terms and conditions of the Company’s 2025 Subscription Rights Incentive Plan.
About Ensurge Micropower:
Ensurge is energizing innovation with the first ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbattery.
With a workforce of forty top-tier specialists based in the world's technology capital, Silicon Valley, Ensurge has developed a future-oriented and innovative microbattery technology. The microbattery is ideal for form-factor-constrained applications, including hearables, 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 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.
Ensurge's production facilities are optimized for prototyping and small-scale manufacturing. To scale efficiently, we aim to outsource the production of the resulting intellectual property (IP) to specialized partners with industrial manufacturing expertise.
Ensurge is listed on the Norwegian stock exchange and is financed out of Norway by strong and reputable financial investors, reflecting both a strategic investment and a robust transatlantic collaboration.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
