Atlantic Sapphire Launches Major Rights Issue and Warrants

Atlantic Sapphire (AASZF) has released an update.

Atlantic Sapphire ASA has announced a rights issue of up to 6.8 billion new shares, aiming to raise approximately USD 64 million, with existing shareholders getting preferential subscription rights. The issue is accompanied by the allocation of up to 7.7 billion warrants, which could potentially increase the company’s gross proceeds upon exercise. The subscription period for this offering begins on 20 September 2024, with Arctic Securities AS and DNB Markets acting as managers.

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