tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Proximar Seafood Announces NOK 150 Million Rights Issue for Strategic Refinancing

Story Highlights
Proximar Seafood Announces NOK 150 Million Rights Issue for Strategic Refinancing

Meet Your ETF AI Analyst

Proximar Seafood AS ( (DE:84Q) ) has shared an update.

Proximar Seafood AS has announced a refinancing plan that includes amendments to its debt capital, a private placement, and a fully underwritten rights issue aimed at raising NOK 150 million. The proceeds will be used for refinancing existing loans, general corporate purposes, and to support a shift in the harvest plan to improve harvest weights and price achievement. The rights issue, subject to shareholder approval, will involve tradeable subscription rights, and is backed by a group of investors representing 26.46% of the company’s shares.

More about Proximar Seafood AS

Proximar Seafood is a Norwegian company specializing in land-based salmon farming, with its first production facility located near Mount Fuji in Japan. The company focuses on producing fresh Atlantic Salmon using high-quality groundwater, benefiting from its proximity to major fish markets, which reduces costs and carbon footprint.

Average Trading Volume: 361,941

Current Market Cap: NOK142.2M

See more insights into 84Q stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1