Spinnova shareholders have approved a U.S. initial public offering and a second stock market listing, giving the Finnish textile fiber technology company the green light to pursue a spot on the Nasdaq Capital Market.

At an extraordinary general meeting on Sept. 28, shareholders authorized the board to issue up to 45.9 million shares in connection with the proposed listing — roughly 87.7 percent of the company's existing share count as of its Sept. 4 meeting notice. The authorization does not establish how many shares an eventual offering would include.

The board will determine issuance terms under an authorization running through Feb. 28, 2027. Spinnova announced no offering price, fundraising target or listing date in the meeting resolutions, meaning the listing remains an intention rather than a priced deal. The company's shares currently trade on the Nasdaq First North Growth Market Finland. Its technology mechanically processes raw materials such as wood pulp into textile fibers without dissolving them.

Shareholders also amended a broader authorization allowing the board to issue up to 9.82 million shares for acquisitions, share-based incentives, listing-related fees or balance sheet strengthening. That authorization runs through June 30, 2027.

Carbios Advances Longlaville Financing

Carbios is moving closer to financing its Longlaville recycling plant in France, though a construction restart still hinges on finalizing the funding package.

In first-half results released Sept. 24, the French biotechnology company said a majority of the project's lenders had granted credit committee approvals. Due diligence by export credit agencies and prospective equity partners remains underway.

Carbios is also finalizing an agreement with an unnamed beverage company that it expects would bring presales to 60 percent of the plant's nominal capacity. The company said it has validated its fiber-to-fiber biorecycling process, expanding the facility's potential customer base.

"Looking ahead, our roadmap is clear: finalize this financing and resume construction of the Longlaville plant, further advance our strategic partnership with Wankai, and accelerate the commercialization of our technology, while maintaining rigorous management of our resources," said CEO Benoît Grenot.

Since signing the Wankai partnership in December 2025, Carbios and its partners have created Kaibio Biotechnology Co. Ltd., a joint venture that will build a separate facility using Carbios technology. Carbios says tests have confirmed local feedstocks and waste streams work with its process. The company also reported progress treating complex textile waste, which it said supports expanding its PET biorecycling licensing business beyond packaging. Additional license discussions are underway internationally.

Carbios reported a first-half net loss of 9.4 million euros ($10.7 million), narrowed from 11.9 million euros ($13.5 million) a year earlier, as operating expenses fell 19 percent. Cash stood at approximately 48 million euros ($54.6 million) as of June 30, which the company said covers more than 12 months of operating expenses.

Pivot Bio Reports Cotton Trial Results

Pivot Bio is making its case for replacing a share of cotton's synthetic nitrogen fertilizer with crop nutrition technology that delivers nitrogen directly to plant roots.

In an update shared during Climate Week NYC, the agricultural technology company reported results from CERT-N cotton trials spanning more than 30,000 acres across the 2024 and 2025 growing seasons. Growers who replaced up to 20 percent of their synthetic nitrogen recorded average lint yield increases of more than 50 pounds per acre, according to the company.

The trials form part of a broader expansion: Pivot Bio introduced four products in 2025 across corn, cotton, sorghum and new application methods. Across all crops, Pivot Bio said farmers using its products replaced more than 33,500 metric tons of synthetic fertilizer in 2025. The company estimated associated emissions reductions of 370,070 metric tons of CO2 equivalent and 229 million gallons of avoided water use in fertilizer manufacturing. Those figures cover its broader business, not cotton alone. More comprehensive 2025 impact information is due in the coming weeks.

Functional Fabric Fair Spotlights Biobased Materials

Biobased materials will take center stage at Functional Fabric Fair's fall edition, with sessions examining what it takes to bring renewable feedstocks into performance apparel.

The nearly 20-session education program includes a Hyosung-led discussion with REI on adopting biobased materials, a session on their role in circular design, and a panel with representatives from Nike and Hyosung on translating material innovation into finished products. Sustainable Fashion Forum founder Brittany Sierra will address whether consumer demand can help scale next-generation materials.

Other sessions cover digital product passports, textile extended producer responsibility, chemical releases from manufacturing, and polyester recycling and microfiber mitigation. Organizers expect more than 330 suppliers to exhibit fabrics, finishes, trims, accessories and other materials. Dedicated sourcing areas will include cellulose and wool forums, an Innovation Zone and the Future Fabrics Expo Innovation Hub.

Ortovox Debuts Synthetic T-Shirts With Microban

German mountain sports brand Ortovox is stepping away from wool for its first synthetic T-shirts, partnering with odor-control specialist Microban International on its debut mountain biking collection, the Sequence Series.

The Sequence Trail Line uses 100 percent textile-to-textile recycled polyester, with Microban's Scentry Revive treatment incorporated into the fabric during manufacturing.

"Because this new collection features our first synthetic T-shirts made entirely without wool, finding a reliable, high-performance odor control solution was critical," said Christian Morgenroth, senior product manager at Ortovox. "We selected Microban because its technology integrates seamlessly into our overall product concept, allowing riders to keep their gear fresher for longer."

According to Microban, the treatment captures and neutralizes odor molecules, with performance lasting up to 50 home launderings. Microban said Scentry Revive holds Eco Passport by Oeko-Tex and Bluesign certifications. The partnership supports Ortovox's ProtACT sustainability strategy as the brand expands into mountain biking.

Nuyarn Expands Sock Partner Roster

Nuyarn is adding brands to its sock lineup. Falke, Courier, Radio and Kathmandu have joined KUIU and Trew in offering socks made with the company's performance wool technologies, extending its reach across running, cycling, hiking and hunting.

The New Zealand company's process drafts wool around a high-performance filament without the twist used in conventional ring spinning. Nuyarn says the resulting structure gives the wool more loft while improving moisture management and durability. Its sock offering spans Nuyarn Merino and Strong Wool, a technology developed to turn coarse wool associated with interior textiles into lightweight apparel-grade yarns.

"The objective was never just to improve wool; it was to unlock the performance potential already present within the fiber," said Andy Wynne, CEO of Nuyarn.

The expanded roster brings additional commercial applications for the company's yarn technologies in a category where abrasion resistance, moisture management and comfort drive product decisions — and where more partner announcements will gauge how far the technology can scale.