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

The issue of new Samherji Fish Farming shares to finance it has been increased from EUR 125 million to EUR 210 million due to strong investor demand.

The Icelandic salmon producer has raised approximately NOK 523 million (EUR 46.2 million) in gross proceeds by issuing new shares.

Fully underwritten, the capital will be used to strengthen the company's balance sheet and ensure liquidity during ramp-up to full farm capacity.

The land-based salmon farmer closed a separate private placement in April, which raised €40 million in investments.

High Liner Foods Incorporated has invested $10 million for 4.5% share ownership.