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As the land-based yellowtail kingfish farmer had announced, following this completion, the Icelandic investment firm Eyrir is now its main shareholder.

The Norwegian cod farmer will also conduct a subsequent repair offering aimed at existing shareholders who were not included in the private placement.

CEO Christo du Plessis told WeAreAquaculture that the funding, raised mainly from existing shareholders, reflects confidence in the arctic char farmer’s progress since the seismic events of late 2023 ...

Following strong investor demand, the company increased the transaction by NOK 37.5 million.

The company, which is constructing a land-based flow-through system in Rødøy, northern Norway, intends to raise new capital in early 2026.

The fully subscribed financing package is intended to support operations through to Phase 1 break-even by late 2026.