Atlantic Sapphire Announces Capital Raise and EGM

Atlantic Sapphire (AASZF) has released an update.

Atlantic Sapphire ASA has announced a proposed rights issue aiming to raise up to $60 million and a directed convertible loan issue of at least $20 million, prompting an extraordinary general meeting scheduled digitally for 17 September 2024. The company, known for its innovative Bluehouse® salmon farming, is expanding with a Phase 2 construction to increase its annual production capacity to 25,000 tons, with a long-term goal of 220,000 tons. Shareholders are invited to attend and vote at the meeting, with details provided for digital participation and proxy voting.

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