Atlantic Sapphire Announces Rights Issue and Expansion

Atlantic Sapphire (AASZF) has released an update.

Atlantic Sapphire ASA has announced plans to undertake a fully underwritten rights issue aiming to raise up to the equivalent of USD 60 million, with terms and conditions disclosed on 20 August 2024. The company is granting warrants alongside the new shares offered in the rights issue and is working towards trading these warrants on the Oslo Børs. Atlantic Sapphire is expanding its sustainable land-raised salmon farming operations, with a current production capacity of 9,500 tons annually in the US and a Phase 2 expansion in progress to increase capacity to 25,000 tons.

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