Ensurge Micropower Approves Loan-to-Shares Conversion
Company Announcements

Ensurge Micropower Approves Loan-to-Shares Conversion

Ensurge Micropower (ENMPF) has released an update.

Ensurge Micropower has approved the conversion of a NOK 1,000,000 convertible loan into 2,091,063 new shares, as part of the terms set during an Extraordinary General Meeting. This conversion, based on a price of NOK 0.5250 per share, will result in an increased share capital to NOK 309,997,136, divided into 619,994,272 shares. The adjustment follows amendments to the maturity date and conversion terms of certain existing convertible loans.

For further insights into ENMPF stock, check out TipRanks’ Stock Analysis page.

Related Articles
TipRanks Auto-Generated NewsdeskEnsurge Micropower ASA Advances in Battery Technology
TipRanks European Auto-Generated NewsdeskEnsurge Micropower Expands Battery Production and Innovation
TipRanks European Auto-Generated NewsdeskEnsurge Micropower Boosts Innovation with New Incentive Plan
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App