Proximar Seafood seeks debt standstill as liquidity nears exhaustion

• Proximar Seafood expects liquidity to run out by the end of October 2026 amid lower-than-expected revenue and weaker operating cash flow.
• The Norwegian parent will request a standstill on all interest-bearing debt.
• Interest on its NOK 40 million convertible bond remains unpaid; operations continue under strict cash controls.
• Funding needs through 2027 total NOK 50-70 million, subject to stakeholder agreements; no funding solution is assured.
• Banks are seeking to extend the Japanese subsidiary’s JPY 8.8 billion loan maturity from November 2026 to August 2027, pending credit approvals.

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. Proximar Seafood AS published the original content used to generate this news brief via NewsWeb, the disclosure sustem operated by Euronext Oslo (Ref. ID: 202610270346OSLOBORSNEWS__EN_20AEF9D19BEDEC48B8D8D4BA2A944F9), on October 27, 2026, and is solely responsible for the information contained therein.