Proximar Seafood AS: Update on funding situation
2026-10-30 19:36:41
Bergen/Yokohama, 30 October 2026
Reference is made to the announcement by Proximar Seafood AS ("Proximar" or the
"Company") on 27 October 2026 regarding the Company's liquidity and financing
situation.
The main shareholders and creditors in the Norwegian parent company are in
continued discussions to find a funding solution that enables the Company to
obtain necessary short-term liquidity, and to facilitate a potential
refinancing. The Company, together with its financial advisor ABG Sundal
Collier, is taking part in the discussions, while in parallel working to secure
other potential means to meet the short-term liquidity need.
No agreement has been reached as of the time of this announcement. It is
expected that the discussions will continue over the weekend, without any
certainty that a final solution will be reached.
The Company will keep the market informed as the situation evolves.
For further information, please contact:
Pål Selvik, Chair of the Board: pse@proximar.com
Joachim Nielsen, CEO: jn@proximar.com
Media enquiries:
Magnus Granerød, Salto Advisers, +47 922 38 407, mg@saltoadvisers.no
About Proximar Seafood AS
Proximar Seafood is a Norwegian land-based salmon farming company with its first
production facility and production at the foot of Mount Fuji in Japan. The
company inserted its first batch of eggs in October 2022 and carried out its
first harvest on 30 September 2024. Proximar's brand and logo (Fuji Atlantic
Salmon) were officially launched in October 2024. Through land-based salmon
farming, using high-quality groundwater secured close to Mount Fuji, the company
produces fresh Atlantic Salmon, harvested the same day. Proximar's location,
near one of the world's most important fish markets, implies significant
advantages, both in terms of reduced cost and carbon footprint.
\, both in terms of reduced cost and carbon footprint.\