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Kingfish Zeeland BV ( (DE:93G) ) has shared an update.
The Kingfish Company N.V. has launched a fully underwritten private placement of 31,111,112 new shares at EUR 0.45 per share, aiming to raise EUR 14 million. This capital will be used to accelerate sales and enhance farm capacity utilization to 4,000 tons annually and for general corporate purposes. The private placement, divided into two tranches, is supported by commitments from major shareholders, ensuring the full offer size is secured. This strategic move is expected to bolster Kingfish’s market position and operational capabilities in the aquaculture industry.
More about Kingfish Zeeland BV
YTD Price Performance: -1.86%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €53.05M
For detailed information about 93G stock, go to TipRanks’ Stock Analysis page.
