Another land-based fish farmer faces financial headwinds
The Kingfish Company says in a stock exchange release that it is still in dialogue with its largest lender, holders of convertible bonds, certain existing shareholders and potential investors regarding the company's capital structure and financing agreements.
The Netherlands company writes that these talks are ongoing with the goal of handling an expected breach of loan covenants and strengthening the company's financial position, as communicated in the stock exchange announcement on January 20, 2026.
As part of this process, the company is considering a number of possible solutions, which may include new equity, junior debt financing and/or other restructuring measures.
Kingfish Company is considering raising approximately €10-15 million in additional financing.
"A potential transaction, if completed, is expected to result in changes to the company's capital structure and could result in significant dilution for existing shareholders," it writes.
Viable solution
The company states that discussions are developing constructively, and that it believes a viable solution can be achieved.
The company also emphasises that operations will continue as normal.
"The ongoing financing and restructuring discussions are not expected to impact daily operations, production, suppliers or customer relationships, and the company remains focused on executing its operational plan."
The company says it will provide further updates when appropriate.
