US land-based salmon farming startup Atlantic Sapphire said Tuesday it is hoping to raise NOK783 million ($90 million/€80 million) through a sale of stock to private investors.
The company has retained Arctic Securities and DNB Markets, a part of DNB Bank, to advise on and carry out a private placement of new shares beginning after the close of trading on Merkur Market on Tuesday.
The stock sale is directed toward Norwegian and international investors, and the company is offering new shares for gross proceeds of approximately NOK 783 million ($90 million/€80 million), representing approximately 13 percent of the outstanding capital of the company on a fully diluted basis.
