Miami, FL, 24 September 2026
Reference is made to the stock exchange notice by Atlantic Sapphire ASA (the
"Company") regarding the Company's financing situation and the ongoing
refinancing of the Group, including the earlier USD 10 million bridge loan
announced on 28 March 2026 (which has now been converted into equity), the
additional USD 10 million tranche announced on 26 June 2026, and the additional
USD 3 million (in two tranches of USD 1.5 million each) announced on 24 August
2026 and on 8 September 2026 (jointly, the "Bridge Loan").
To improve the Company's liquidity situation, the Company has agreed with
Condire Management L.P., Nordlaks Holding AS, Strawberry Capital AS, Nokomis
Capital Master Fund, L.P. and Joh. Johannson Eiendom AS to raise an additional
tranche of the Bridge Loan ("Bridge Loan Tranche E") of USD 3 million. The
Bridge Loan Tranche E will be governed by materially the same terms and
conditions as the earlier tranches of the Bridge Loan but will not be subject to
an origination fee and will have an interest rate of 20% p.a and a Maturity Date
of 30 June 2027.
For further information, please contact:
Gunnar Aasbo-Skinderhaug
Atlantic Sapphire ASA, Deputy CEO/ CFO
Email: gunnar@atlanticsapphire.com
investorrelations@atlanticsapphire.com
About Atlantic Sapphire ASA
Atlantic Sapphire is pioneering Bluehouse® (land-raised) salmon farming,
locally, and transforming protein production, globally. Atlantic Sapphire
operated its innovation center in Denmark from 2011 until 2021 with a strong
focus on R&D and innovation to equip the Company with the technology and
procedures that enable the Company to commercially scale up production in end
markets close to the consumer. In the US, the Company holds the requisite
permits and patents to construct its Bluehouse® in an ideal location in
Homestead, Florida, just south of Miami. The Company's Phase 1 facility is in
operation, which provides the capacity to harvest up to approximately
7,500-8,500 tons (HOG) of salmon annually. The Company completed its first
commercial harvest in the US in September 2020. Atlantic Sapphire's Phase 2
expansion, will bring total annual production capacity to 25,000 tons and the
Company has a long-term targeted harvest volume of >100,000 tons.
This information is subject to the disclosure requirements pursuant to the
Market Abuse Regulation and the Norwegian Securities Trading Act section 5-12.
This stock exchange release was published by Gunnar Aasbø-Skinderhaug, at the
time and date set out above.
hed by Gunnar Aasbø-Skinderhaug\, at the\
time and date set out above.\