Land-based producer completes share offering; raises $1.5 million

by
Editorial Staff

The offering, along with a private placement completed on June 13, 2024, has allowed Gigante Salmon to raise a total of approximately $22.4 million.

Land-based producer Gigante Salmon has successfully concluded its subsequent share offering, raising approximately NOK 16.1 million ($1.51 million/€1.4 million). The offering saw the allocation of 2,473,951 new shares at a subscription price of NOK 6.50 per share.

The subscription period for the offering began on June 27, 2024, and ended on July 9, 2024.

Following the successful payment, the increase in share capital is expected to be registered with the Norwegian Register of Business Enterprises around July 18, 2024.

This offering, along with a private placement completed on June 13, 2024, has allowed Gigante Salmon AS to raise a total of approximately NOK 241.1 million ($22.4 million/€21.19 million). The funds will support the company’s ongoing operations and growth plans.

SpareBank 1 Markets  served as the sole manager for the subsequent offering, while Advokatfirmaet Selmer AS acted as the legal advisor to the company.

Newsletter

Related Articles