Spinnova signs LOI to acquire Tearfil, bridge loan EUR 1.5 million
Spinnova signed a non-binding letter of intent covering a potential acquisition of Tearfil and related EUR 1.5 million bridge loan financing.
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Spinnova signed a non-binding LOI to acquire Tearfil for €0.5M in cash and shares, targeting completion in Q1 2027. It also contemplates a €1.5M bridge loan to support Tearfil during its PER restructuring, subject to definitive agreements and conditions.Material DetailsContext by AI AnalystThis mov…
JYVÄSKYLÄ, FINLAND / / September 17, 2026 / Spinnova Plc ("Spinnova" or the "company") (Nasdaq First North Growth Market Finland:SPINN), a materials technology company producing textile fibre from wood pulp and waste streams, has signed a non-binding letter of intent with Tearfil…