ENSU – Extraordinary General Meeting Held

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August 17, 2022 6:45 a.m. EDT


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Oslo, August 17, 2022

Pursuant to the notice of July 27, 2022, an Extraordinary General Meeting (“EGM”) of Ensurge Micropower ASA (the “Company”) was held today. All proposed resolutions were approved by shareholders, including the resolution to obtain a convertible loan with a total nominal value of NOK 46,790,000 and an interest rate of 5% per annum. The loan will be underwritten at face value and by the lenders listed in Schedule 1 to the Notice. The lenders may request the conversion of all or part of the loan into shares of the Company at a conversion price of NOK 3.00 per share at the earliest six months from the date of the EGM and, at the latest, at no later than August 17, 2023.

The minutes of the EGM will be made available on the Company’s website.

For more information, please contact:

Ståle Bjørnstad – Investor Relations
E-mail: [email protected]
Telephone: +47 99 16 76 72

Kevin Barbier – President and CEO
E-mail: [email protected]

This information is published in accordance with the requirements of Euronext Oslo Børs Regulation II Continuing Obligations and is subject to the disclosure requirements under Section 5-12 of the Norwegian Securities Act.

About Ensurge: Ensurge is Energizing Innovation(TM) with the first ultra-thin, flexible, reliable, and fundamentally safe solid-state lithium microbattery for the 1-100 milliampere-hour (mAh) class of portable devices, connected sensors and beyond. The innovative Ensurge microbattery enables rechargeable, high-energy-density products that are ideal for limited form-factor applications, including hearing aids (hearing aids and wireless headphones), portable digital and health devices, sports and fitness equipment and IoT sensor solutions that use energy harvesting to power everyday things. The company’s state-of-the-art manufacturing facility, located in the heart of Silicon Valley, combines patented process technology and materials innovation at the scale of roll-to-roll production methods to bring the benefits of technology Ensurge in established and expanding markets. .


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