Atlantic Sapphire ASAOSL: ASA

Atlantic Sapphire Updates On Previously Announced Financing Requirement

· Issued by Atlantic Sapphire ASA

On 6ix: 6ix.com/news/atlantic-sapphire-updates-on-previously-announced-financing-requirement

Watch Atlantic Sapphire's latest callAtlantic Sapphire (Oslo:ASA) Q4 2025 Earnings Call · Replay · May 4Read the transcript of Atlantic Sapphire (Oslo:ASA) Q4 2025 Earnings Call

Atlantic Sapphire ASA OSL:ASA:

  • 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

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