GM salmon producer AquaBounty on Wednesday filed a registration statement with the SEC to allow it raise up to $200 million (€164.4 million) over the course of the next three years.

The company plans to use the net proceeds from the sale of securities for general corporate purposes that could include capital expenditures for new and existing farms and working capital.

AquaBounty said it has experienced delays in capital projects due to the pandemic, including a delay in the completion of the processing facility at its Indiana farm, which occurred in November.