Solar Foods, a Finnish company focused on sustainable protein production, has officially begun trading on Nasdaq First North Growth Market Finland under the ticker SFOODS. Known for its Solein® protein, produced independently of traditional agriculture, the company previously made history as the first Finnish firm to receive the Nasdaq Green Equity Designation in April 2024. Solar Foods, part of the Consumer Staples sector, is now the 26th company to list on Nasdaq’s Nordic markets this year and the third on Nasdaq Helsinki, as it continues its global expansion efforts in the alternative protein industry.
Solar Foods established in 2017 is a global leader in sustainable protein production, solving the global food production problem by offering a completely new alternative to existing animal and plant proteins. Solar Foods’ first product is the naturally occurring single-cell protein Solein®, which can be used as a food raw material with high protein content. In the long run, Solein production will improve global availability of protein and increase price and quality stability of food raw materials by disconnecting food production from agriculture.
“Transitioning to a public company provides us with optimal opportunities to advance our business to new heights, paving the way for global expansion and the commercialization of our production. Our growth strategy encompasses expanding production technology, initiating factory projects, introducing new production organisms and products to the market, and strategic acquisitions to propel technological advancements. We anticipate that our listing will bolster our credibility among key stakeholders, including customers, investors, and current and future personnel,” said Pasi Vainikka, CEO of Solar Foods.
“We are pleased to welcome Solar Foods to Nasdaq First North Growth Market,” said Henrik Husman, President of Nasdaq Helsinki. “Solar Foods as a pioneer in sustainable protein production and a Nasdaq Green Equity Designation company is an interesting addition to our First North market. We are looking forward to following their path as a listed company.”
Solar Foods has appointed Carnegie Investment Bank AB as its Certified Adviser.
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Read the orginal article: https://arcticstartup.com/solar-foods-goes-public/
