• Kingfish launched strategic financial restructuring built around EUR 21 million private placement at EUR 0.05 per share, issuing 392,823,360 new ordinary shares.
• Convertible Loan Agreement commitments plus accrued unpaid interest of about EUR 49 million set to convert into 363,093,479 new ordinary shares, eliminating amounts due under the CLA.
• Amended senior facilities agreement under discussion with largest lender includes 24-month maturity extension to April 2029, with revised covenant framework.
• Eyrir committed EUR 10 million in private placement, expected to hold about 31.4% of share capital on completion, before any subsequent offering.
• Subsequent offering planned for eligible existing shareholders for up to 74,766,300 new shares, targeting up to EUR 4 million at same subscription price.

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.