Defense Technology Company Summa Defence Will Go Public Through the Back Door Tomorrow – This Is What Retail Investors Should Know

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Summa Defence merges with the current listed company Meriaura Group.

hbl.fi

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Finnish defense company Summa Defence took the shortcut to the stock market by merging with Meriaura Group. Sven-Eric Holmström questions the valuation.

arvopaperi.fi

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Summa Defence will be listed on the stock exchange by merging with Meriaura. Meriaura paid for the arrangement by allocating almost five billion shares to Summa Defence owners at a price of EUR 0.05 each. Meriaura's share price was EUR 0.13 on Tuesday.

ts.fi

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The listing of the new Finnish defense group Summa Defence on the stock exchange received the final seal when the merger of Summa and Turku-based Meriaura Group was confirmed by the company's board of directors. The execution document regarding the share exchange was signed on Monday.

Talouselämä

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Meriaura Group and Summa Defence merged. The company's new CEO is Jussi Holopainen.