Atlantic Sapphire Unveils Restructuring Plan, Sets Stage for Delisting
Atlantic Sapphire ASA has unveiled a sweeping restructuring plan designed to stabilize its finances, secure fresh liquidity, and reshape the company’s ownership after months of mounting financial pressure.
The land-based salmon farming company said it has entered into a restructuring agreement with a group of major shareholders and convertible loan holders representing about 63% of its shares and 93% of its outstanding convertible debt. The investor group includes Condire Management L.P., Nordlaks Holding AS, Nokomis Capital, Strawberry Capital AS, and Joh. Johannsson...
To Read Full Story Login Below.