On the 12 May, Kingfish announced a strategic financial restructuring, which upon completion will result in a simplified capital structure, new equity and increased liquidity to support growth and value creation.
Eyrir has established a new entity, Eyrir Blue Farms. Eyrir Blue Farms focuses on investments in land-based aquaculture companies at late venture/early growth phase. Companies with strong teams, customer relations and great products that are made and delivered in a sustainable way.
Eyrir Blue Farms becomes the largest shareholder in Kingfish. The financial restructuring is further supported by a broad group of key existing shareholders and long-term backers of the Company, including seed investors, underlining their continued confidence in the Company and its long-term potential.
About Kingfish
Kingfish Company B.V., is a Netherlands‑based aquaculture company specialising in land‑based farming of yellowtail kingfish (Seriola lalandi) using recirculating aquaculture systems (RAS) in Zeeland, the Netherlands. Kingfish sells its products into premium markets, including high‑end restaurants across Europe, and has positioned itself at the forefront of sustainable land‑based aquaculture. Founded in 2015, the company currently has production capacity of approximately 3,600 tonnes. Kingfish shares are listed on the Euronext Growth Oslo.
ABG Sundall Collier acted as financial advisor to Kingfish. Arctica Finance and AX legal services are acting as advisors to Eyrir in the private placement and strategic financial restructuring.
Euronext Oslo Børs
The Kingfish Company
