Powered by

AeroFarms to go public via Pearl Energy-backed SPAC merger

Mar 30, 2021 - SNL Financial
Board and Executive Moves-Mergers and Acquisitions

The merger is expected to provide up to $357 million in gross proceeds to AeroFarms, comprising Spring Valley's $232 million of cash and a $125 million fully committed private investment in public equity at $10.00 per share.

Vertical farming company Just Greens LLC, doing business as AeroFarms, is set to go public after agreeing to merge with Pearl Energy Investments-backed blank-check company Spring Valley Acquisition Corp.

The combined company is expected to have an estimated pro f...