tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Atlantic Sapphire ASA Adjusts Convertible Loan and Incentive Plan Strategy

Story Highlights
Atlantic Sapphire ASA Adjusts Convertible Loan and Incentive Plan Strategy

Claim 50% Off TipRanks Premium and Invest with Confidence

An update from Atlantic Sapphire ( (AASZF) ) is now available.

Atlantic Sapphire ASA has announced a proposal to set the size of its Convertible Loan to approximately USD 59.2 million, which includes capitalizations for a previously granted bridge loan, a USD 20 million convertible loan, and associated fees. The Board has also decided to withdraw the proposal for issuing independent subscription rights, opting instead to base the issuance of instruments on Board authorizations, with the possibility of proposing independent subscription rights at a later meeting.

More about Atlantic Sapphire

YTD Price Performance: -57.46%

Average Trading Volume: 90,010

Current Market Cap: NOK277.9M

See more data about AASZF stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

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
1