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An announcement from Atlantic Sapphire ( (AASZF) ) is now available.
Atlantic Sapphire ASA has announced an extraordinary general meeting to approve a new convertible loan of USD 31-35 million, along with other corporate governance matters such as updated remuneration guidelines and share capital reduction. This move is part of the company’s strategic initiatives to support its expansion plans and enhance its financial structure, potentially impacting its operational capabilities and market positioning.
More about Atlantic Sapphire
Atlantic Sapphire is a company pioneering land-raised salmon farming, known as Bluehouse®, with a focus on transforming global protein production. The company operated an innovation center in Denmark from 2011 to 2021, emphasizing R&D to scale up production near consumers. In the US, Atlantic Sapphire has facilities in Homestead, Florida, with a Phase 1 facility capable of producing 7,500-8,500 tons of salmon annually, and a Phase 2 expansion underway to increase capacity to 25,000 tons, with a long-term goal of over 100,000 tons.
Average Trading Volume: 118,525
Current Market Cap: NOK298.7M
For an in-depth examination of AASZF stock, go to TipRanks’ Overview page.