On September 17, 2026, Spinnova Plc announced it has signed a non‑binding letter of intent with Tearfil – Indústria Têxtil, S.A. and its shareholders to explore a full acquisition of all Tearfil shares.
Spinnova, listed on Nasdaq First North Growth Market Finland (ticker SPINN), develops textile fibre from wood pulp and waste streams, positioning itself as a sustainable materials technology firm.
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Tearfil, a Portuguese yarn‑spinning company, is the target of the proposed deal, which also includes a related bridge loan financing of €1.5 million to support the transaction.
