Core Insights - Natural Fiber Welding (NFW) is exploring options while winding down operations, as stated by CEO Steve Zika [1][2] - The decision to wind down operations is described as difficult but responsible for stakeholders [2] - NFW, founded in 2015 and based in Peoria, Illinois, had previously secured $15 million in funding in 2021 to scale production [2][3] Company Developments - NFW announced a significant expansion in 2021, adding 110,000 square feet of manufacturing space dedicated to Mirum production, which more than doubled its manufacturing footprint [3] - The company received investments from Allbirds ($2 million) and Ralph Lauren Corporation, which took a minority stake [3] - NFW was recognized as a finalist for the Earthshot Prize in 2024 [3]