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Kingfish Zeeland BV Completes EUR 14 Million Private Placement

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Kingfish Zeeland BV Completes EUR 14 Million Private Placement

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An update from Kingfish Zeeland BV ( (DE:93G) ) is now available.

Kingfish Zeeland BV announced the completion of a EUR 14 million private placement through the issuance of new shares. This strategic move will enhance the company’s capital structure and support its expansion plans. The private placement is divided into two tranches, with significant shares obtained by close associates of the company’s directors. This financial maneuver is expected to strengthen Kingfish’s position in the sustainable aquaculture industry and potentially increase its market influence.

More about Kingfish Zeeland BV

The Kingfish Company is a leader in sustainable land-based aquaculture, producing high-quality yellowtail kingfish at its facilities in the Netherlands and the US. The company uses advanced recirculating aquaculture systems powered by renewable energy, ensuring biosecurity and animal welfare without antibiotics. Its products are certified for sustainability by leading organizations, and it has expansion plans in both the Netherlands and the US.

YTD Price Performance: 1.86%

Technical Sentiment Consensus Rating: Buy

Current Market Cap: €52.92M

Learn more about 93G stock on TipRanks’ Stock Analysis page.

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