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Proximar Seafood Launches NOK 150 Million Rights Issue

Story Highlights
  • Proximar Seafood announces a fully underwritten rights issue of 150 million shares.
  • The rights issue may dilute existing shareholders if subscription rights are not exercised.
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Proximar Seafood Launches NOK 150 Million Rights Issue

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Proximar Seafood AS ( (DE:84Q) ) has issued an update.

Proximar Seafood AS announced a fully underwritten rights issue of 150 million new shares, with a subscription price of NOK 1 per share, approved by the extraordinary general meeting and the Financial Supervisory Authority of Norway. The rights issue aims to raise NOK 150 million, with subscription rights tradable on Euronext Growth Oslo, and is expected to impact existing shareholders through potential dilution if subscription rights are not exercised.

More about Proximar Seafood AS

Proximar Seafood is a Norwegian land-based salmon farming company, operating its first production facility near Mount Fuji in Japan. The company focuses on producing fresh Atlantic Salmon using high-quality groundwater, benefiting from reduced costs and carbon footprint due to its strategic location near a major fish market.

YTD Price Performance: -68.88%

Average Trading Volume: 391,636

Current Market Cap: NOK334M

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

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