ABG Sundal Collier acted as a joint bookrunner in connection with the NOK ~74m private placement in Proximar Seafood AS

On Friday, 28 April 2023, Proximar Seafood AS (“Proximar” or “the Company”) announced the successful completion of a private placement of new shares. The transaction comprised 14,725,130 new shares, at a subscription price of NOK 5 per share, equalling a total transaction size of NOK 73.6 million. The private placement is part of a total capital raise of NOK 180m to fully fund the company’s stage 1 land-based salmon facility at the foot of Mount Fuji in Yokohama, Japan. The net proceeds from the private placement will be used to reduce the share of debt in the financing offer signed and announced by the Company on 21 April 2023.
Proximar continues to be on track with construction of the 5,300 tons land-based salmon farming facility in Japan and is progressing towards first harvest in Q3 2024. As per April 2023 approximately 91% of the civil works has been completed.
This is the third time that ABG Sundal Collier has acted as advisor to Proximar over the last three years.