On
The restructured loan facility includes a covenant requiring the Company to maintain liquid assets of at least
The Company announced earlier on
If completed, the restructuring of the loan facility and the planned financing round combined cover a substantial part of the financing required to reach the mid-term targets of the Company published on
In addition, Fifax continues to explore different and/or supplemental financing options to reach the Company's mid-term targets by the end of 2024.
For more information:
Samppa Ruohtula
CEO,
+358 40 559 8812
samppa.ruohtula@fifax.ax
Certified Advisor:
+358 50 520 4098
Fifax in brief
Fifax’s vision is to be a forerunner in large-scale sustainable fish farming with a minimal impact on the environment, so that locally and sustainably produced fish can be enjoyed by its customers all year round.
Established in 2012, Fifax utilizes ultra-intensive Recirculating Aquaculture Systems (RAS) technology based on the principle of an almost completely closed water circulation within the facility, where the fish live in large land-based indoor tanks. Indoor tanks better safeguard against external factors, and the environmental impact and pollution from the facility is significantly lower when compared to traditional fish farming in water bodies.
Fifax Plc’s shares have been listed in Nasdaq First North Growth Market Finland.
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