Trading food company Solar Foodsin The shares are scheduled to start today on the First North list of the Helsinki Stock Exchange.
The listing of Solar Foods is carried out as a so-called technical listing, i.e. no share issue to investors has been organized in connection with it.
Before the listing, Solar Foods’ largest owners are Hey Karl Do Abthe company’s founder and CFO Juha-Pekka Pitkänen mixed Lifeline Ventures Fund III.
The company’s business is based on the production of protein using electricity from air and hydrogen. Solar Foods’ business is still very much in the development phase: last year, the company made an operating loss of 6.8 million euros with a turnover of 5,000 euros.
Solar Foods has said that it aims to enter the US market in the fall of this year. In the EU, a sales license for the product could come next year at the earliest.
Source: www.arvopaperi.fi
