Atlantic Sapphire Expands Share Capital and Warrants

Atlantic Sapphire (AASZF) has released an update.

Atlantic Sapphire ASA announced the completion of a significant rights issue, resulting in the issuance of over 6 billion new shares and the allocation of a notable portion of these to Nordlaks Holding AS, who now holds over 15% of the company’s shares and voting rights. The company also issued billions of warrants to various investors, with Nordlaks Holding AS, Strawberry Capital AS, and Joh Johannson Eiendom AS gaining notable percentages of potential share capital upon exercise. The completion of the rights issue marks a considerable expansion phase for Atlantic Sapphire, which aims to significantly increase its sustainable salmon production capacity in its US-based Bluehouse facility.

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