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Proximar Seafood Converts Bonds to Shares, Boosting Capital

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Proximar Seafood Converts Bonds to Shares, Boosting Capital

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Proximar Seafood AS ( (DE:84Q) ) has shared an announcement.

Proximar Seafood AS has announced the conversion of 198,440,000 bonds into 203,482,213 new shares, increasing its registered share capital to NOK 52,337,227.30. This move involves key stakeholders, including companies associated with board members, receiving significant shares, indicating a strategic consolidation of ownership and potentially strengthening the company’s financial position and market influence.

More about Proximar Seafood AS

Proximar Seafood is a Norwegian company specializing in land-based salmon farming, with its primary production facility located at the foot of Mount Fuji in Japan. The company focuses on producing fresh Atlantic Salmon using high-quality groundwater, benefiting from its proximity to major fish markets, which reduces costs and carbon footprint.

YTD Price Performance: -77.33%

Average Trading Volume: 507,325

Current Market Cap: NOK254M

See more insights into 84Q stock on TipRanks’ Stock Analysis page.

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