Solar Foods’ share issue has been fully subscribed at record speed


Solar Foods has successfully concluded a share issue on the Finnish investment service Springvest’s platform.

The share issue, opened on 15 April, was originally set to stay open up to 8 May. However, the funding round reached its target figure in just eight days over two weeks ahead of schedule; the share issue was fully subscribed on 23 April.

“We are overjoyed to see this much interest and excitement about Solar Foods; the trust investors have placed in our company really means a lot to us. With large-scale Solein® production starting and hundreds of new owners joining us in building the future of food, we feel highly confident of the road ahead”, commented Solar Foods CEO and Co-founder Pasi Vainikka.

April saw several news for Solar Foods. The company was granted a Nasdaq Green Equity Designation as the first privately owned company in Finland. Solar Foods also recently announced it has began operations of its first commercial-scale Solein® production facility, Factory 01, in Finland.