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US RAS farmer tru Shrimp seeks $76m in equity after IPO falls through

Market sentiment has turned against RAS farmers since January 2022, prompting tru Shrimp to put its IPO plan on hold

By Liza Mayer | Oct. 24, 2022 18:24 BST
An artist's conception of tru Shrimp's future indoor shrimp harbor in Madison, South Dakota. Image courtesy of the Lake Area Improvement Corporation.
An artist's conception of tru Shrimp's future indoor shrimp harbor in Madison, South Dakota. Image courtesy of the Lake Area Improvement Corporation.
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US indoor shrimp farmer tru Shrimp has the funds to carry the operations over the next several months, but it needs $76 million in equity and $87m in debt to continue to operate beyond the next several months and to build its second facility [...]

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