Zeeland-based The Kingfish Company is involved in the production of Dutch Yellowtail, a high-quality, antibiotic-free marine finfish species in its active on-site R&D facility and advanced grow-out system design and construction unit. It is delivered across the EU on a daily basis as well. In a recent development, the company completed its Private Placement successfully with a total transaction value of nearly €50M.
Private Placement with eight investors
The Kingfish Company has announced that the Private Placement has been completed with NOK 535.5M (nearly €50M) via the allocation of 26,042,000 new shares in the company. It adds that each share is priced NOK 20.563392 (nearly €1.92). Primarily, the net proceeds from the Private Placement will be deployed towards the expansion of its Europe facility (The Netherlands, System F), acceleration of permitting and engineering for the company’s United States (Maine) roll-out plan and general corporate purposes at the current site in the Netherlands.