On 24 August, Atlantic Sapphire announced that the estimated revenue reduction in H2/23 results in an estimated breach of the USD 15m liquidity covenant during Q3/23. As Arctic Securities has been engaged to explore potential funding routes to ensure sufficiently large cash buffer, we have withdrawn our recommendation and target price.PLEASE NOTE THAT ARCTIC SECURITIES AS IS ACTING AS FINANCIAL ADVISOR TO ATLANTIC SAPPHIRE ASA
