Atlantic Sapphire Announces Major Rights Issue

Atlantic Sapphire (AASZF) has released an update.

Atlantic Sapphire ASA has announced an approved rights issue to raise up to USD 64 million, with an underwritten commitment for USD 60 million in shares and an additional issuance of up to 7.7 billion warrants. The Norwegian Financial Supervisory Authority has approved the prospectus for the rights issue, underwriting commission shares, and warrants. The subscription for the rights issue begins on September 20, 2024, with the trading of subscription rights on the Oslo Stock Exchange under the ticker ‘ASAT’.

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