Atlantic Sapphire Raises $120 Million in Funding; Provides Update on Q1 Operational Issues
Atlantic Sapphire, a land-based salmon farmer completed a US$121 million private placement. The new funding will head towards the company’s Phase 2 construction of its Miami, Florida facility.
The company put forward 10.3 million new shares at a price per share of NOK 98.60, equal to the closing price on Oslo Stock Exchange.
According to a release from Atlantic Sapphire, the proceeds will be used to finance in part the $210 million expansion of the Miami farm...
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