Ensurge Micropower Seeks Shareholder Approval for NOK 3.05 Million in Additional Convertible Loans

• Ensurge Micropower shareholders will vote on NOK 3.05 million in additional convertible loans at the October 21, 2027 extraordinary general meeting.
• The board proposes the additional allocation, which would raise aggregate convertible loan principal to NOK 24.05 million.
• The subordinated, unsecured convertible loans carry 10% annual paid-in-kind interest, with a NOK 1 conversion price and December 31, 2027 maturity.
• Shareholders will also consider granting lenders three free warrants per NOK 5 allocated, each exercisable for one share at NOK 1.
• Proceeds will fund working capital and commercialization of the company's solid-state microbattery technology.

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