Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
The latest announcement is out from Kingfish Zeeland BV ( (DE:93G) ).
Kingfish Zeeland BV announced the successful allocation of 31,111,112 new shares through a private placement, raising EUR 14 million. The funds will be used to accelerate sales and optimize farm capacity, aiming for 4,000 tons per year. This strategic move is expected to bolster the company’s resources, positioning it for long-term success and sustainability in the aquaculture industry. The private placement represents a deviation from shareholders’ pre-emptive rights, but the board believes this approach is in the common interest of the company and its stakeholders.
More about Kingfish Zeeland BV
The Kingfish Company is a leader in sustainable land-based aquaculture, focusing on the production of high-quality yellowtail kingfish at its Kingfish Zeeland facility in the Netherlands. The company employs advanced recirculating aquaculture systems to ensure biodiversity and biosecurity, while operating on 100% renewable electricity. With a production capacity of 4,000 tons annually, the company is looking to expand in the Netherlands and the US.
YTD Price Performance: 1.86%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €52.92M
See more data about 93G stock on TipRanks’ Stock Analysis page.
