Brief: Ensurge Micropower Contemplates Private Placement Of Up To NOK 40-60 Mln

Ensurge Micropower ASA

18/10/2023 15:45

Oct 18 (Reuters) - Ensurge Micropower ASA  ENSU.OL :
    * CONTEMPLATED PRIVATE PLACEMENT
    * CONTEMPLATES PRIVATE PLACEMENT OF NEW ORDINARY SHARES RAISING GROSS PROCEEDS OF ABOUT NOK
40-60
MILLION
    * SUBSCRIPTION PRICE PER SHARE OF NOK 0.10
    * PROCEEDS WILL BE USED TO FUND COMPANY'S OPERATIONS, GO-TO-MARKET ACTIVITIES AND PRODUCTION
RAMP
UP
    * FINAL NUMBER OF OFFER SHARES WILL BE DETERMINED ON BASIS OF ACCELERATED BOOKBUILDING
PROCESS
    * PRIVATE PLACEMENT WILL BE DIVIDED INTO TWO TRANCHES
    * BOOKBUILDING PERIOD FOR PRIVATE PLACEMENT WILL COMMENCE ON 18 OCTOBER 2023, IS EXPECTED TO
CLOSE
ON 19 OCTOBER
    * FIRST TRANCHE TO CONSIST OF UP TO 122.8 MILLION SHARES, SECOND TRANCHE OF REMAINING NUMBER
OF
SHARES

Source text for Eikon:  ID:nGNE6TB3WS 
Further company coverage:  ENSU.OL 

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