To facilitate this expansion, Atlantic Sapphire entered into a share lending agreement with Nordlaks Holding and Strawberry Capital.
Florida land-based salmon farmer Atlantic Sapphire has successfully completed a private placement, dividing 307,125,000 new shares into two tranches, raising NOK 369 million ($35 million).
The first tranche, already authorized by the company’s board, includes 156,080,000 shares, while the second tranche of 151,045,000 shares awaits approval at an extraordinary general meeting set for 22 March 2024.
A number of key figures and associates of the company have participated in the subscription of these new shares. Notably, the company’s CFO, Karl Øystein Øyehaug, and associates such as ASInvest and Strawberry Equities have invested, according to a stock exchange update from the company.
ASInvest, closely linked to board member André Skarbø, received 3,878,204 shares, costing a total of NOK 4,653,844.80 ($440,000).
Karl Øystein Øyehaug, the Chief Financial Officer (CFO), was allocated 83,333 shares, with a total value of NOK 99,999.60 ($10,000).
Strawberry Equities, associated with Chairman Kenneth Jarl Andersen, was given 28,789,670 shares, amounting to NOK 34,547,604 in total ($3.5 million).
Nordlaks Holding, connected to Deputy Chairman Eirik Welde, received 43,499,907 shares, which totals NOK 52,199,888.40 ($5 million).
To facilitate this expansion, Atlantic Sapphire entered into a share lending agreement with Nordlaks Holding and Strawberry Capital. This agreement enables the temporary borrowing of existing shares for the first tranche of the private placement, impacting the ownership percentages of Nordlaks and Strawberry, which will decrease significantly post-transaction.
