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Gigante Salmon AS ( (DE:96M) ) has issued an announcement.
Gigante Salmon AS is launching a private placement of new shares on Euronext Growth Oslo, seeking to raise up to NOK 322.5 million at a fixed subscription price of NOK 7.50 per share from Norwegian and international investors. In parallel, the company plans a smaller retail share offering of up to the NOK equivalent of EUR 1 million via Nordnet, with both offerings combined not to exceed the overall targeted issue size.
Proceeds from the capital raise will fund the next phase of growth, including strategic upgrades at the Rødøy facility, working capital and general corporate purposes such as repayment of short-term loans. The company’s largest shareholder, Gigante Havbruk AS, has pre-committed NOK 150 million to maintain majority control, while board members are also participating and management and directors have accepted six-month lock-ups, signaling strong insider backing for the transaction and its importance to the firm’s development.
More about Gigante Salmon AS
Gigante Salmon AS is a Norwegian aquaculture company focused on land-based salmon farming, with key operations centered on its facility at Rødøy. The company targets both domestic and international investors through its listing on Euronext Growth Oslo, using the capital markets to finance expansion and operational improvements in a competitive salmon industry.
Average Trading Volume: 86,168
Current Market Cap: NOK1.43B
Learn more about 96M stock on TipRanks’ Stock Analysis page.