Proximar Seafood completes fully subscribed NOK 150 million rights issue.
Proximar Seafood has completed its fully underwritten rights issue, raising NOK 150 million ($15 million) through the allocation of 150 million new shares at NOK 1 per share, the company announced on Monday.
The subscription period for the issue expired on 6 October at 16:30 CEST. At the close, Proximar had received valid subscriptions for all 150 million offer shares, corresponding to full subscription.
A total of 50,022,300 shares were allocated to investors exercising subscription rights, while 99,977,700 shares were allocated to the underwriters under agreements signed in July 2025. In addition, 13.5 million new shares will be issued to the underwriters as commission, at the same price of NOK 1 per share.
Following the issue, Proximar’s share capital will increase to NOK 31,989,006, divided into 319,890,060 shares with a nominal value of NOK 0.10 each.
Payment for the allocated shares is due on 9 October, with registration of the share capital increase expected around 13 October. Trading of the new shares on Euronext Oslo Børs is scheduled to begin on or about 14 October.
ABG Sundal Collier acted as manager for the rights issue.
Among those allocated shares were several company insiders and related parties, including CEO Joachim Nielsen (through Loyden AS), COO Dharma Rajeswaran, and board members Per Grieg Jr. and Viggo Halseth.
Proximar Seafood, headquartered in Bergen and operating its land-based salmon facility near Mount Fuji in Japan, conducted its first harvest in September 2024. The company produces Atlantic salmon for the Japanese market under the Fuji Atlantic Salmon brand.
