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Atlantic Sapphire ASA Adjusts Convertible Loan and Incentive Plan Strategy

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Atlantic Sapphire ASA Adjusts Convertible Loan and Incentive Plan Strategy

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An update from Atlantic Sapphire ( (AASZF) ) is now available.

Atlantic Sapphire ASA has announced a proposal to set the size of its Convertible Loan to approximately USD 59.2 million, which includes capitalizations for a previously granted bridge loan, a USD 20 million convertible loan, and associated fees. The Board has also decided to withdraw the proposal for issuing independent subscription rights, opting instead to base the issuance of instruments on Board authorizations, with the possibility of proposing independent subscription rights at a later meeting.

More about Atlantic Sapphire

YTD Price Performance: -57.46%

Average Trading Volume: 90,010

Current Market Cap: NOK277.9M

See more data about AASZF stock on TipRanks’ Stock Analysis page.

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