April 15 (Reuters) - Shares in Norse Atlantic NORSE.OL slumped on Wednesday, wiping more than half off the Norwegian airline's market value, after it announced a discounted $110 million rights issue, withdrew its 2026 outlook and said it could consider a sale.

• Norse Atlantic shares were down 53% at 1.81 Norwegian crowns ($0.1916) by 0837 GMT, after falling as much as 69.8%.

• The stock's slide wiped 359.1 million crowns off the company's market value, which fell to 268.1 million crowns from 627.2 million crowns at Tuesday's close.

• The company said on Tuesday it would raise $110 million in a fully underwritten and subscribed rights issue at 0.50 crowns per share, representing a 87% discount to Tuesday's closing price of about 3.87 crowns.

• The airline said it was preparing to launch a strategic review to explore options including a sale, merger or partnership.

• It also secured a $70 million bridge loan to cover liquidity needs until the rights issue is completed.

• It also withdrew its 2026 outlook, citing continued market uncertainty, particularly around fuel prices.

• About 8 million shares have traded today, more than three times the stock's 30-day average full-day volume.

($1 = 9.4447 Norwegian crowns)