We are pleased to confirm the successful completion of our EUR 21 million private placement, alongside the conversion of our outstanding convertible loan and the amendment of our senior financing agreement. Together, these steps materially strengthen our balance sheet, improve liquidity, and simplify our capital structure.

We are particularly pleased to welcome Eyrir Invest as our largest shareholder following the transaction. Their support, together with that of our existing shareholders and new investors, reflects confidence not only in The Kingfish Company’s long-term potential, but also in Recirculating Aquaculture System (RAS) technology.

As a pioneer in land-based yellowtail kingfish farming, we believe RAS will play an important and increasing role in building a more sustainable and resilient seafood sector.
We will continue to focus on execution: further improving system and fish performance, building commercial momentum and create a strong and resilient platform for growth of the business in Europe and overseas.

A subsequent repair offering for eligible existing shareholders who did not participate in the private placement is projected to follow in July, subject to the relevant regulatory process and completion of the 2025 audit.

We thank our investors, lenders, advisers, partners, and colleagues for their continued support.