• Kingfish unveiled financial restructuring to avert expected year-end 2025 EBITDA covenant breach, targeting lower net debt and fresh liquidity.
• Private placement set to raise EUR 21 million at EUR 0.05 per share through issuance of 392,523,365 new shares, led by Icelandic investor Eyrir with EUR 15 million.
• Eyrir expected to become largest shareholder with about 31.4% stake on completion, before any subsequent offering.
• Plan includes conversion of about EUR 49 million of outstanding commitments under existing convertible loan agreement into 363,093,479 new shares, eliminating amounts due under CLA.
• Senior facilities agreement talks include 24-month maturity extension to April 2029 with reset covenants; company also plans subsequent offering of up to 74,766,355 shares to raise up to EUR 4 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Kingfish Company NV published the original content used to generate this news brief on May 12, 2026, and is solely responsible for the information contained therein.