Spring Valley Acquisition Corp - Ordinary Shares - Class A

NASDAQ:SV   3:59:50 PM EDT
9.94
+0.01 (+0.10%)
Exchange Changes, Other Pre-Announcement, Mergers / Acquisitions

Aerofarms To Become Publicly Traded Company Through Combination With Spring Valley Acquisition

Published: 03/26/2021 10:41 GMT
Spring Valley Acquisition Corp - Ordinary Shares - Class A (SV) - Aerofarms, the World Leader in Indoor Vertical Farming, to Become Publicly Traded Company Through Combination With Spring Valley Acquisition Corp.
Spring Valley Acquisition Corp - Transaction is Expected to Provide Up to $357 Million in Gross Proceeds to Aerofarms.
Spring Valley Acquisition Corp - Combined Company is Expected to Have an Estimated Pro Forma Equity Value of Approximately $1.2 Billion.
Spring Valley Acquisition Corp - Combined Company Will Be Led by David Rosenberg, Co-founder and Chief Executive Officer of Aerofarms.
Spring Valley Acquisition Corp - Combined Company Will Remain Listed on Nasdaq Under New Ticker Symbol "arfm.
".
Spring Valley Acquisition Corp - Upon Closing of Transaction, Aerofarms Will Become Publicly Traded on Nasdaq Under New Ticker Symbol "arfm".
Spring Valley Acquisition Corp - Transaction Will Provide About $317 Million of Unrestricted Cash at Close.
Spring Valley Acquisition Corp - Deal Includes $125 Million Fully Committed Pipe, Including Investments From Aerofarms Insiders, Pearl Energy Investments.
Spring Valley Acquisition - Upon Completion, Aerofarms Expects to Nominate Debora Frodl and Patrick Wood, Iii, to Its Board.