Miami, Florida, 17 September, 2026
Reference is made to the stock exchange notice released by Atlantic Sapphire ASA
("Atlantic Sapphire" or the "Company") on 15 September 2026 which disclosed the
minutes of an extraordinary general meeting of the Company held on 15 September
2026 (the "EGM").
In the EGM, it was resolved to carry out a share capital increase through
issuance of new shares to be settled by conversion of the initial tranches of a
previously announced bridge loan, including origination fee and accrued
interests. Consequently, the EGM resolved to increase the share capital by NOK
56,274,069.25 through the issuance of 1,125,481,385 new shares in the Company,
each at a subscription price of NOK 0.10, and with a par value of NOK 0.05 (the
"New Shares"). All of the New Shares were subscribed by Coral HoldCo AS.
Coral HoldCo AS is a joint investment company established by, and holding the
shares in the Company on behalf of, a group of the Company's largest
shareholders and convertible loan holders, for the purposes of the restructuring
of the Company, consisting of: (i) Condire Management L.P., (ii) Nordlaks
Holding AS, (iii) Nokomis Capital, LLC, (iv) Strawberry Capital AS, and (v) Joh
Johannson Eiendom AS.
The share capital increase relating to the issuance of the New Shares has now
been registered with the Norwegian Register of Business Enterprises. The new
share capital of the Company is NOK 58,066,771.50 divided by 1,161,335,430
shares, each with a par value of NOK 0.05.
The New Shares will be delivered to Coral HoldCo AS on a separate and
non-tradeable ISIN.
* * *
For further information, please contact:
Gunnar Aasbø-Skinderhaug, Atlantic Sapphire ASA, Deputy CEO/CFO
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.
k exchange release was published by Gunnar Aasbø-Skinderhaug\, at the\
time and date set out above.\