ABG Sundal Collier acted as sole financial advisor in connection with the EUR 32 million unsecured convertible loan in The Kingfish Company N.V.

On Wednesday 5 July 2023, The Kingfish Company N.V. (“Company”) announced that it has successfully raised a EUR 32 million unsecured convertible loan. The majority of the convertible loan was allocated to existing key shareholders, while EUR 11 million was allocated to Ocean 14 Capital Fund, an impact fund investing in venture and growth companies and technologies that offer sustainable solutions for the ocean.
The net proceeds from the convertible loan shall be used for the purpose of making the Company’s operations cash-positive and finance completion of the Company’s expansion of production capacity in its facilities in Zealand, the Netherlands (“Phase 2”), as well as general corporate purposes.