Spinnova says it has confidentially submitted a draft registration statement on Form F-1 to the US Securities and Exchange Commission (SEC) relating to a proposed initial public offering (IPO) of its equity securities in the United States.
The form and number of securities to be offered, along with the price range for the offering, have not yet been determined. The company is targeting gross proceeds of at least $15m.
Subject to the offering being completed, the Finish materials technology company currently intends to use the net proceeds to support the ramp-up of its Eteläportti demo facility, advance the commercialisation of its technology, advance commercialisation of its technology, and for general corporate purposes.
The offering is expected to take place after the SEC completes its review process, subject to market and other conditions, including shareholder approval, necessary authorisations from the extraordinary general meeting, and the resolution of the Board of Directors. The Board of Directors of the company has not made any final decisions concerning the execution of the offering.
In connection with the offering, the company intends to pursue a dual listing on a US exchange in addition to the company’s existing listing of its shares on Nasdaq First North Growth Market Finland. The company’s shares would continue to trade on Nasdaq First North Growth Market Finland under the trading symbol SPINN and would retain their existing ISIN.
Spinnova is currently in the silent period ahead of publishing its January–June 2026 half-year report and will provide further updates on the proposed offering and US listing through future public disclosures. The half-year report remains on track for publication on 31 August 2026.
