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Kingfish Zeeland BV ( (DE:93G) ) has shared an announcement.
The Kingfish Company is a Dutch-based pioneer in sustainable land-based aquaculture, producing premium yellowtail kingfish at its Kingfish Zeeland facility and targeting high-end culinary markets in Europe and beyond. Its operations rely on advanced recirculating aquaculture systems, 100% renewable electricity and strict animal welfare standards, and it holds permits to expand into the United States.
The company is in advanced talks with its largest lender, convertible bondholders, key shareholders and potential new investors to address an expected covenant breach and reinforce its balance sheet. It is evaluating options including new equity, junior debt and other restructuring steps, with a potential €10–15 million capital raise that could significantly dilute existing shareholders but is not expected to disrupt ongoing operations, production or customer relationships.
Kingfish has hired ABG Sundal Collier as financial adviser to steer the financing and restructuring process, signalling a structured attempt to secure a viable capital solution. Management reports that discussions are progressing constructively, and the company remains focused on executing its operational plan while committing to keep the market informed as developments unfold.
More about Kingfish Zeeland BV
The Kingfish Company is a Dutch-based pioneer in sustainable land-based aquaculture, focused on producing premium yellowtail kingfish at its flagship Kingfish Zeeland facility. Using advanced recirculating aquaculture systems and 100% renewable electricity, it targets high-end culinary markets, particularly Italian and Asian-fusion cuisines, with multiple sustainability certifications.
The company emphasizes biosecurity, environmental control and animal welfare by raising fish without antibiotics or vaccines and using seawater to reduce freshwater consumption. It is positioned as a leader in environmentally responsible aquaculture and already holds all necessary permits to expand its operations in the United States, supporting its ambition to scale production internationally.
Average Trading Volume: 28,668
Current Market Cap: NOK422.4M
For detailed information about 93G stock, go to TipRanks’ Stock Analysis page.