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Ensurge Micropower Announces Extraordinary General Meeting and Share Issue

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Ensurge Micropower Announces Extraordinary General Meeting and Share Issue

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The latest update is out from Ensurge Micropower ( (ENMPF) ).

Ensurge Micropower ASA has announced an extraordinary general meeting scheduled for February 11, 2025, which will be held electronically. The meeting will address several key issues, including the approval of a directed share issue of 40 million new shares, which aims to raise NOK 40 million. This initiative reflects the company’s strategic efforts to bolster its capital base and support its operational and market expansion objectives, potentially impacting its financial stability and shareholder value.

More about Ensurge Micropower

Ensurge Micropower ASA operates in the micropower industry, focusing on the development and manufacturing of microbattery and energy storage technologies. The company aims to provide innovative power solutions to enhance the performance and efficiency of electronic devices, targeting markets such as wearables, hearables, and other IoT applications.

YTD Price Performance: -20.83%

Average Trading Volume: 3,275

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $51.65M

See more insights into ENMPF stock on TipRanks’ Stock Analysis page.

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