The Florida-based company said the plan will provide at least $20 million in new liquidity, but still expects to need yet more funding over the next year.
The salmon producer is in discussions with major shareholders after increasing its funding requirement to between $25-30 million, with a 31 March deadline to secure a deal.
Despite reporting progress in production and efficiency, the Florida land-based salmon producer says it needs fresh capital of up to $25 million to support its near-term plans.
“Our operations continue to perform consistently, with stable biology, strong fish health, and improving production efficiency across all systems," said CEO Pedro Courard.
