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News  ›  GlobeNewswire Inc.

Ensurge Micropower ASA – Private Placement successfully placed

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Ståle Bjørnstad
Ensurge Micropower ASA – Private Placement successfully placed

Ensurge Micropower successfully raised NOK 100 million through a private placement of 83,678,032 shares in Tranche 1 and a conditional allocation of 27,433,079 shares in Tranche 2, priced at NOK 0.90 per share. The proceeds will be used to expand the team, upgrade manufacturing capabilities, and support corporate development.

Insights
BABA   positive

Well-positioned in e-commerce, developing competitive AI chips, trading at reasonable earnings multiple, and expected to benefit from China's AI and technology investments


ENMPY   positive

Successfully raised capital, expanding team and manufacturing capabilities, demonstrating strategic growth and financial strength