Gigante Salmon raises NOK 360 million through an upsized private placement

Gigante Salmon AS has announced the successful completion of both the private share placement and the retail offering. The Norwegian land-based salmon farming company already announced in December 2025 that it plans to launch a private placement in the first quarter of 2026.

Furthermore, following strong investor demand, the company increased the transaction by NOK 37.5 million, raising it from NOK 322.5 million to NOK 360 million in order to better accommodate investor interest.

This transaction was made possible after the Norwegian producer issued new shares to raise capital through a two-part offering: a private placement to investors and a retail offering aimed at small investors, managed by Nordnet Bank AB.

Finally, DNB Carnegie (part of DNB Bank ASA), Pareto Securities AS, and SB1 Markets AS acted as joint managers and bookrunners in the private placement.

Also, Gigante Salmon has confirmed that the private placement will take place in two parts: a first tranche of 43 million shares already approved by the board, and a second tranche of 5 million additional shares, which will need to be approved at an upcoming extraordinary general meeting.

The net proceeds will be used to support the next phase of growth, including necessary and strategic improvements to the Rødøy facilities, working capital, and general corporate purposes such as repaying short-term loans.

The company's flow-through aquaculture facility in Rodøy, just north of the Arctic Circle in northern Norway, is now in the final phase of construction, with two of three production basins completed. The company is aiming for a full annual capacity of 16,000 tonnes by 2028.