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An announcement from Gigante Salmon AS ( (DE:96M) ) is now available.
Gigante Salmon AS has completed a private placement and retail share offering raising NOK 360 million in gross proceeds, strengthening its financial base as it builds its first land-based salmon facility in Rødøy. The company plans a subsequent offering of up to 5,333,333 new shares at NOK 7.50 each, with non-tradeable subscription rights granted to eligible existing shareholders, subject to market conditions, corporate approvals and registration of a national prospectus in Norway.
The contemplated subsequent offering is designed to give shareholders who were not invited into or allocated shares in the private placement an opportunity to participate on similar terms, potentially broadening the investor base ahead of the facility’s ramp-up. DNB Carnegie, Pareto Securities and SB1 Markets are mandated as managers, underscoring continued capital markets support for land-based aquaculture concepts seeking scale in the Norwegian salmon industry.
More about Gigante Salmon AS
Gigante Salmon AS is a Norwegian land-based salmon farming company developing its first production facility on Lille Indre Rosøy in Rødøy. Its aquaculture concept uses a flow-through system that aims to combine the advantages of conventional sea farming and land-based operations while addressing environmental and operational issues associated with traditional sea-based cages.
Average Trading Volume: 86,168
Current Market Cap: NOK1.43B
For a thorough assessment of 96M stock, go to TipRanks’ Stock Analysis page.