These cookies will be stored in your browser only with your consent. Many actual events and circumstances are beyond the control of AeroFarms and Spring Valley. Spring Valley and its directors and officers may be deemed participants in the solicitation of proxies of Spring Valley’s shareholders in connection with the proposed business combination. AeroFarms to Become Publicly Traded Company through Combination with Spring Valley Acquisition Corp. Spring Valley . AeroFarms is set to go public after announcing Friday a merger with special purpose acquisition company Spring Valley Acquisition Corp. SV, -0.43% in a deal … Cowen is acting as a financial advisor to Spring Valley. However, the minimum cash requirement in the . These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Spring Valley and AeroFarms are pursuing . Spring Valley and AeroFarms are pursuing . To receive more information regarding the investigation of Spring Valley Acquisition Corp. please fill out the form below. Spring Valley (NASDAQ:SV) has entered into a definitive agreement to combine with vertical farming venture AeroFarms at an enterprise value of $856 million, or 5.2x its 2024E revenue. This website uses cookies to improve your experience while you navigate through the website. There may be additional risks that neither Spring Valley nor AeroFarms presently know, or that Spring Valley nor AeroFarms currently believe are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. Subject Company: Spring Valley Acquisition Corp. Commission File No. Upon closing of the transaction, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol "ARFM". Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Spring Valley Acquisition Corp. ("Spring Valley") (Nasdaq: SV, SVSVW, SVSVU) today announced that it postponed Spring Valley's … Science Breakthroughs to Advance Food and Agricultural Research by 2030 identifies innovative, emerging scientific advances for making the U.S. food and agricultural system more efficient, resilient, and sustainable. More. The cookies is used to store the user consent for the cookies in the category "Necessary". All statements, other than statements of present or historical fact included in this press release, including those regarding Spring Valley's proposed acquisition of AeroFarms and the Special . Strategic trends that will influence business, government, education, media and society in the coming year. AeroFarms - a certified B Corporation and leader in vertical farming - announced it has entered into an Agreement and Plan of Merger with Spring Valley Acquisition Corp. (Nasdaq: SV), a special purpose acquisition company (SPAC). The rules of business are changing dramatically. The Aspen Institute's Judy Samuelson describes the profound shifts in attitudes and mindsets that are redefining our notions of what constitutes business success. ET by Tomi Kilgore AeroFarms to go … Neither the press release nor the SPAC’s subsequent 8-K filing included redemption figures, although cash-ins must have been substantial for the SPAC to fall short of the minimum requirement. Spring Valley disclosed last week that there were enough votes to approve the merger, but noted that closing conditions had not been satisfied.Announced in March, the original terms of the deal called for AeroFarms to receive $357 million, including a $125 million PIPE. The market share of large-scale farms was estimated at $3.3 billion by Precedence Research in 2020 and is anticipated to increase nearly ten-fold, reaching . April 28, 2021. The $125 million PIPE has AeroFarms … Spring Valley Acquisition Corp. (SV-2.7%) shareholders voted today to approve its merger announced March 26 with vertical farming company AeroFarms. AeroFarms, a certified B Corporation and leader in vertical farming, announced today it has entered into an Agreement and Plan of Merger (the "Merger Agreement") with Spring Valley Acquisition Corp. (Nasdaq: SV) ("Spring Valley"), a special purpose acquisition company. Announce Registration Statement Effectiveness and August 20, 2021 Scheduled Special Meeting to Approve Business Combination. Spring Valley Announces Shareholder Approval of Business Combination with AeroFarms. SV … AeroFarms, a certified B Corporation and leader in vertical farming, announced today it has entered into an Agreement and Plan of Merger with Spring Valley Acquisition Corp., a special purpose . With the support of Spring Valley, we not only have the capital in place to execute our plan, but also a sponsor who shares the same ESG philosophies to make a positive impact on the world, while serving the interests of our shareholders.”. On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). While Spring Valley may pursue an initial business combination target in any business or industry, it is targeting companies focusing on sustainability, including clean energy and storage, smart grid/efficiency, environmental services and recycling, mobility, water and wastewater management, advanced materials and technology enabled services. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". . Found inside – Page iiIn fact, this book shows that $4.5 trillion in economic value is at stake. Delivering on the promise of a circular economy demands impact and scale, extending through value chains and, ultimately, disrupting the entire economic system. Spring Valley reported that all of the proposals related to the . 333-255978), and relating to the previously . This cookie is set by GDPR Cookie Consent plugin. Found inside – Page 1In recent years, the young, educated, and affluent have surged back into cities, reversing decades of suburban flight and urban decline. And yet all is not well, Richard Florida argues in The New Urban Crisis. The deal with the special purpose acquisition company gives the combined entity an equity value of about $1. AeroFarms to go public with merger valued at $1.2 billion with SPAC Spring Valley Acquisition Mar. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political, and legal conditions; the inability of the parties to successfully or timely consummate the proposed transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed transaction or that the approval of the stockholders of Spring Valley or AeroFarms is not obtained; failure to realize the anticipated benefits of the proposed transaction; risks relating to the uncertainty of the projected financial information with respect to AeroFarms; risks related to the expansion of AeroFarms’ business and the timing of expected business milestones; the effects of competition on AeroFarms’ business; the ability of Spring Valley or AeroFarms to issue equity or equity-linked securities or obtain debt financing in connection with the proposed transaction or in the future, and those factors discussed in Spring Valley’s final prospectus dated November 25, 2020 under the heading “Risk Factors,” and other documents Spring Valley has filed, or will file, with the SEC. AeroFarms grows leafy greens in vertical farms using data science and technology; its upcoming acquisition by SPAC Spring Valley could grow its equity value. Nourished Planet illustrates what our global food system can be - a collection of the smartest ideas to nourish us all. AeroFarms has a technological edge on the industry, developing a world-class innovation team that has fueled a robust and growing intellectual property portfolio of patents and trade secrets. This cookie is set by GDPR Cookie Consent plugin. AeroFarms, the World Leader in Indoor Vertical Farming, to Become Publicly Traded Company through Combination with Spring Valley Acquisition Corp. Spring Valley … Spring Valley and AeroFarms anticipate that subsequent events and developments will cause Spring Valley's and AeroFarms' assessments to change. Spring Valley raised $230 million in a November IPO. Company Releases for Spring Valley Acquisition Corp. Tuesday, August 31, 2021. Announces Pricing of $200 Million Initial Public Offering. The future is very bright for AeroFarms and we are excited to share this highly compelling ESG investment opportunity by bringing the market leader in the vertical farming industry public.”, David Rosenberg, Co-Founder and CEO of AeroFarms, added, “At AeroFarms, our mission is to grow the best plants possible for the betterment of humanity, and we are executing on this by taking agriculture to new heights with the latest in technology, innovation and understanding of plant science. DALLAS & NEWARK, N.J.-(BUSINESS WIRE)-As previously announced on August 20, 2021, Spring Valley Acquisition Corp. ("Spring Valley") (Nasdaq: SV, SVSVW, SVSVU) postponed its extraordinary general meeting of shareholders (the "Extraordinary Meeting"), originally scheduled to be held on August 20, 2021 until August 30, 2021 at 10:00 a.m., Eastern Time, (the "Postponement"). Indoor vertical farming company, AeroFarms, has entered an agreement to merge with Spring Valley Acquisition Corp to become a publicly traded company on the NASDAQ … Spring Valley Acquisition shareholders voted in favor to merge with AeroFarms, however, the SPAC said due to redemptions it has not met the minimum cash … NEWARK, N.J.--(BUSINESS WIRE)--AeroFarms, a Certified B Corporation and leader in indoor vertical farming, and Spring Valley Acquisition Corp. (Nasdaq: SV) ("Spring Valley"), a publicly traded special purpose acquisition company, announced today that the registration statement on Form S-4 filed with the U.S. Securities and Exchange Commission ("SEC") (File No. Transaction Overview KEY HIGHLIGHTS $232mm cash in trust from Spring Valley Acquisition Corp. (Nasdaq: SV)1 David Rosenberg CEO and Co-Founder $250 PIPE - Sponsor, management, and board investing $20mm+ ~$1.1bn pro forma enterprise value 3.2x 2025E revenue and 13.0x 2025E EBITDA2 Guy Blanchard Attractive valuation versus other leading sustainable high-growth food peers CFO $472mm in cash to . Upon completion of the proposed transaction, AeroFarms expects to nominate two of Spring Valley’s existing directors, Debora Frodl and Patrick Wood, III, to its Board of Directors. Spring Valley Acquisition Corp. ("Spring Valley") (Nasdaq: SV, SVSVW, SVSVU) today announced the results for the ten proposals considered and voted upon by its shareholders at its extraordinary general meeting of shareholders held on August 30, 2021 (the . Spring Valley’s sponsor is supported by Pearl Energy Investment Management, LLC, a Dallas, Texas based investment firm that focuses on partnering with best-in-class management teams to invest in the North American energy industry. In addition, forward-looking statements reflect Spring Valley’s and AeroFarms’ expectations, plans, or forecasts of future events and views as of the date of this press release. AeroFarms is THE market leader in vertical farming due to its unmatched technologand … Upon the closing of the business combination, AeroFarms will . Found insideBeginning with material, this book revolves around physical material making and design decisions that emerge from material interaction. AeroFarms is a sustainable indoor agriculture company based in Newark, New Jersey. In connection with the business combination, Spring Valley intends to file a Registration Statement on Form S-4 (the “Form S-4”) with the SEC which will include a preliminary prospectus with respect to its securities to be issued in connection with the business combination and a preliminary proxy statement with respect to Spring Valley’s stockholder meeting at which Spring Valley’s stockholders will be asked to vote on the proposed business combination. Under the terms of the agreement, SV will acquire AeroFarms through a reverse merger, with AeroFarms emerging as a publicly traded company. Praise for The Gone Fishin' Portfolio "Sometimes great ideas come in small packages. This is one of them. The Gone Fishin' Portfolio is easy to implement and has beaten the S&P 500 year after year. AeroFarms, a Certified B Corporation and leader in indoor vertical farming, and Spring Valley Acquisition Corp. (NASDAQ:SV) ("Spring Valley"), a publicly traded special purpose acquisition company . The transaction could allow Newark-based AeroFarms to raise as much as $357 million in gross proceeds, including Spring Valley's $232 million cash . Our business is at an inflection point where we will scale up our proven operational framework and begin our expansion plans in earnest. Upon closing of the transaction, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol "ARFM". However … Offers a detailed view of Earth's near neighbor based on data obtained from recent U.S. and Soviet missions and speculates on the planet's apparent lack of impact craters and plate tectonic activity 05:17 PM ET. It May Be Time to Invest. AeroFarms has developed patented and award-winning technology in areas such as plant biology, mechanical design, environmental control, data science, operations, and plant genetics. Information concerning the interests of Spring Valley’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the proxy statement/prospectus relating to the business combination when it becomes available. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act. Found insideEmpires of Food brilliantly recounts the history of cyclic consumption, but it is also the story of the future; of, for example, how a shrimp boat hauling up an empty net in the Mekong Delta could spark a riot in the Caribbean. The SPAC is focused on interactive technology companies. With over 250 invention disclosures and a vast library of data collected over 15 years of operations, AeroFarms is continually improving its systems to understand plants at unprecedented levels and solve agriculture-related supply chain issues. From industrial food to local alternatives : a cultural food shift and new directions in public health / Alicia Andry -- An idealized conceptual framework for urban food system governance in post-industrial American cities / John C. Jones - ... Spring Valley and AeroFarms management will host a webcast to discuss the proposed transaction on March 26, 2021 at 8:00 a.m. Found insideThis is the first book to examine food activism in diverse local, national, and transnational settings, making it essential reading for students and scholars in anthropology and other fields interested in food, economy, politics and social ... After the Form S-4 has been filed and declared effective, Spring Valley will mail the definitive proxy statement/prospectus to stockholders of Spring Valley as of a record date to be established for voting on the business combination. Spring Valley Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. Robotics, big data, and artificial intelligence are tools to augment the skills of Requisite Operations' warfighters-for-hire. . The special purpose acquisition corporation Spring Valley announced on Aug. 30, 2021, that its shareholders had voted to go ahead with a business combination agreement between Spring Valley and the indoor vertical farming firm AeroFarms. Filed by Spring Valley Acquisition Corp. pursuant to. Spring Valley Announces Shareholder Approval of Business Combination with AeroFarms. Spring Valley Acquisition Corp. The deal will see AeroFarms go public on New York's NASDAQ exchange under the symbol 'ARFM'. AeroFarms Merger with Spring Valley Acquisition Corp. March 26, 2021 . All rights reserved. (Bloomberg) -- AeroFarms, the vertical farming company, agreed to go public through a merger with blank-check firm Spring Valley Acquisition Corp. Found insideFeaturing a wealth of rarely seen material and intimate portraits of the environment, Farming Cuba details the innovative design strategies and explores the social, political, and environmental factors that helped shape this pioneering ... The transaction will provide approximately $317 million of unrestricted cash at close to fund future farm development and general corporate purposes. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Precision agriculture is now 'main stream' in agriculture and is playing a key role as the industry comes to terms with the environment, market forces, quality requirements, traceability, vehicle guidance and crop management. Upon the closing of the … Spring Valley and AeroFarms urge investors, stockholders and other interested persons to read, when available, the Form S-4, including the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC, because these documents will contain important information about the proposed business combination. Spring Valley Acquisition Corp. The combined company will be led by David Rosenberg, Co-founder and Chief Executive Officer of AeroFarms. There's nothing more frustrating than playing a game without knowing all the rules. Lawyer and diversity consultant Sharon E. Jones can attest to this in her professional life. This book provides an 'off' switch, helping readers apply an automatic mental filter to the incoming cacophony, to filter out only what they can use for smarter money moves. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. Indoor vertical-farming company AeroFarms has entered into an agreement and plan of merger with Spring Valley Acquisition Corp., a special-purpose acquisition company (SPAC) — a new type of investment vehicle making headlines in the financial world. March 26, 2021. Found inside – Page iPrecision Agriculture Basics also features a stunning video glossary including interviews with agronomists on the job and in the field. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Vertical farming is taking root. 08/20/2021 16032. The transaction has been unanimously approved by the Board of Directors of Spring Valley, as well as the Board of Directors of AeroFarms, and is subject to satisfaction of closing conditions, including the approval of the shareholders of Spring Valley. Spring Valley's stock gained 1.6% in premarket trading. ©2021 DealFlow Financial Products, Inc. (d/b/a DealFlow Events). What is Canadian cuisine? In Speaking in Cod Tongues, Lenore Newman takes us on a journey through Canada's rich and evolving culinary landscape. According to a recent Bloomberg report, AeroFarms will go public in a merger with Spring Valley Acquisition Corp. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the respective management of AeroFarms and Spring Valley and are not predictions of actual performance. Upon closing of the transaction, AeroFarms will become publicly traded on Nasdaq under the new ticker symbol “ARFM”. As a certified B Corporation and public benefit corporation since 2017, AeroFarms is on a mission to grow the best plants possible for the betterment of humanity. In this volume, the most influential examinations and interpretations of this major trend have been brought together, in order to make clear the range and diversity, the spread and penetration of risk in contemporary societies. This cookie is set by GDPR Cookie Consent plugin. AeroFarms to go public through $1.2 bln merger deal with SPAC Spring Valley Acquisition MarketWatch. Moreover, their team has been selling commercial product with major retailers, building a trusted brand that is performing well, and developing influential partnerships that will enhance their ability to scale this business quickly. Accordingly, undue reliance should not be placed upon the forward-looking statements. AeroFarms was co-founded by David Rosenberg, Ed Harwood, and Marc Oshima. Necessary cookies are absolutely essential for the website to function properly. She then uses these stories as jumping off points to offer specific, actionable advice on how you can become a financial grownup just like them. Found insideThis book bridges a gap in the literature by bringing together leading specialists from different backgrounds. It addresses the specific need for a readable book on this very interdisciplinary and new topic at research level. Based in Newark, New Jersey, AeroFarms has been innovating vertical farming for 15 years. ET. under the Securities Exchange Act of 1934. On March 26, 2021, AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV). Found inside – Page iiiThis book explores microbial lifestyles, biochemical adaptations, and trophic interactions occurring in extreme environments. By summarizing the latest findings in the field it provides a valuable reference for future studies. This book will be of interest to university instructors, advanced undergraduate students, graduate students, and researchers in the fields of geography, architecture, engineering and urban planning. Strong projected financial performance driven by. Spring Valley Acquisition shareholders voted in favor to merge with AeroFarms, however, the SPAC said due to redemptions it has not met the minimum cash conditions to closing the deal. About Spring Valley Acquisition Corp. Spring Valley Acquisition Corp. is a blank check company formed for the purpose of entering into a merger, share … Spring Valley Falls Short of Minimum Cash Requirement as Shareholders Approve AeroFarms Merger, Industrial Tech Acquisitions Sets Shareholder Vote on $572M Arbe Robotics Merger, East Stone Acquisition Files Proxy on Oft-Delayed JHD Holdings Merger, China Introducing Potential SPAC Alternative with New Exchange Targeting Innovation-Based SMEs: Report, SPAC Merger Partner Inspirato Launches Real Estate Platform: Report. AeroFarms, the World Leader in Indoor Vertical Farming, to Become Publicly Traded Company through Combination with Spring Valley Acquisition Corp. Spring Valley Acquisition Corp. Completes $230 Million Initial Public Offering, Spring Valley Acquisition Corp. Read more. 10:00 a.m., Eastern Time, on August 30, 2021, Spring Valley Announces Postponement of Extraordinary Meeting of Stockholders, AeroFarms and Spring Valley Acquisition Corp. These are the details. Found insideThe field of disaster robotics has lacked a comprehensive overview. This book by a leader in the field, offering a unique combination of the theoretical and the practical, fills the gap. TB SA raised $200 million in a March IPO. Named one of the World’s Most Innovative Companies by Fast Company two years in a row and one of TIME’s Best Inventions, AeroFarms’ patented, award-winning indoor vertical farming technology provides the perfect conditions for healthy plants to thrive, taking agriculture to a new level of precision, food safety and productivity while using up to 95% less water and no pesticides versus traditional field farming. Spring Valley and AeroFarms anticipate that subsequent events and developments will cause Spring Valley's and AeroFarms' assessments to change. Hosting the call will be Chris … AeroFarms goes public through merger with Spring Valley Acquisition 5 Apr 2021. The SPAC closed its $150 million IPO last week. Cowen and Wells Fargo Securities are acting as capital markets advisors to Spring Valley. On a mission to grow the best plants possible for the betterment of humanity, AeroFarms is a Certified B Corporation with global headquarters in Newark, New Jersey, United States. The book also features a unique design that makes it delightful to experience, easy to digest, and fun to share. J.P. Morgan Securities LLC, Cowen and Wells Fargo Securities acted as placement agents to Spring Valley in connection with the PIPE offering. 333-255978), and relating . Through a merger with Spring Valley Acquisition Corp, a SPAC, AeroFarms will become a publicly traded company on the Nasdaq exchange. For additional information, visit: https://aerofarms.com/. Spring Valley stockholders will also be able to obtain a copy of such documents, without charge, by directing a request to: Spring Valley Acquisition Corp., 2100 McKinney Avenue Suite 1675 Dallas, TX 75201; e-mail: [email protected]. Found inside“An engrossing story of audacious entrepreneurism and big-industry disruption, [this] is a tale for our times.” —Charles Duhigg, New York Times–bestselling author of The Power of Habit An investigative look into a beloved, ... ET. Pre-market today, SV stock was trading at $9.85 a share, representing a 1.01% dip in price. Additional Information and Where to Find It. DALLAS & NEWARK, N.J.--(BUSINESS WIRE)--Spring Valley Acquisition Corp. ("Spring Valley") (Nasdaq: SV, SVSVW, SVSVU) today announced the results for the ten proposals considered and voted upon by its sh. Spring Valley Announces Shareholder Approval of Business Combination with AeroFarms Spring Valley Acquisition Corp. ("Spring Valley") (Nasdaq: SV, SVSVW, SVSVU) today announced the results for . Analytical cookies are used to understand how visitors interact with the website. Rule 425 under the Securities Act of 1933. and deemed filed pursuant to Rule 14a-12. DLA Piper LLP (US) is acting as legal counsel to AeroFarms, Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal counsel to the placement agents and Kirkland & Ellis LLP is acting as legal counsel to Spring Valley. It does not store any personal data. This press release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Spring Valley and AeroFarms or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. The merger will result in AeroFarms becoming a publicly listed company. The combined company will be led by David Rosenberg, Co-founder and Chief Executive Officer of AeroFarms. The transaction values the combined company at a fully diluted pro forma equity value of approximately $1.2 billion.

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