Brief: Atlantic Sapphire Updates On Previously Announced Financing Requirement
23/03/2026 06:07
March 23 (Reuters) - Atlantic Sapphire ASA ASA.OL: NEEDS $25-30 MILLION IN ORDER TO HAVE SUFFICIENT HEADROOM TO BE ABLE TO ACHIEVE EBITDA BREAK-EVEN ON ITS PHASE 1 OPERATIONS IS PROGRESSING DISCUSSIONS WITH LARGEST SHAREHOLDERS, KEY STAKEHOLDERS IF CO HAS NOT BEEN ABLE TO RESOLVE ITS NEAR-TERM LIQUIDITY REQUIREMENT BY MARCH 31, 2026, IT WILL BE IN TECHNICAL DEFAULT OF CERTAIN OF ITS AGREEMENTS WITH LENDERS EXTENDED CURRENT CLOSED PERIOD TO FACILITATE THAT CERTAIN KEY SHAREHOLDERS MAY ENTER INTO AGREEMENT REGARDING CO'S FINANCING Source text: ID:nObisDcVha Further company coverage: ASA.OL (Gdansk Newsroom) ((gdansk.newsroom@thomsonreuters.com;))
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