Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
An update from Proximar Seafood AS ( (DE:84Q) ) is now available.
Proximar Seafood AS has announced a comprehensive refinancing plan aimed at enhancing its liquidity and simplifying its balance sheet. The plan involves a rights issue and private placement to raise new equity, alongside amendments to existing debt, including extending the maturity of a Japanese bank loan and renegotiating convertible bond terms. This move is expected to provide the company with increased financial flexibility and support its operational progress, while also addressing short-term liquidity needs and positioning it for future growth.
More about Proximar Seafood AS
Proximar Seafood is a Norwegian company specializing in land-based salmon farming, with its primary production facility located at the foot of Mount Fuji in Japan. The company focuses on producing fresh Atlantic Salmon using high-quality groundwater, capitalizing on its strategic location near major fish markets to reduce costs and carbon footprint.
Average Trading Volume: 90,647
Current Market Cap: NOK369.6M
For an in-depth examination of 84Q stock, go to TipRanks’ Overview page.