Spinnova signs LOI to buy Portugal’s Tearfil for EUR 500,000

• Spinnova signed a non-binding letter of intent to acquire Portuguese yarn spinner Tearfil, a development partner for SPINNOVA® fibre.
• Initial valuation set at EUR 500,000, to be paid in cash and Spinnova shares; targeted closing in Q1 2027.
• Deal aims to secure in-house yarn development and spinning capacity, shorten development cycles, tighten process control, speed commercialisation.
• Spinnova is considering a EUR 1.5 million bridge loan during Tearfil’s restructuring process, subject to definitive documentation and conditions.
• Proposed loan would price at 12-month EURIBOR + 2% with a one-year maturity, with early repayment triggers if the acquisition is dropped.

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. Spinnova Oyj published the original content used to generate this news brief on September 17, 2026, and is solely responsible for the information contained therein.