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Novus Capital Announces Appointment of Three New Board Advisors

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Novus Capital announces the appointment of three new Board Advisors: Trevor Neilson, Rini Greenfield, and Phillip Bayt. Neilson, co-founder of WasteFuel, has extensive experience in impact investing and served in key roles during the Clinton administration. Greenfield is a founding General Partner at Rethink Food, specializing in food technology investments. Bayt brings a wealth of legal expertise in commercial real estate. The company aims to advance its ESG strategy following a successful IPO of its second SPAC, Novus Capital Corporation II (NYSE: NXU.U), which raised $287.5 million.

Positive
  • Appointment of experienced Board Advisors strengthens leadership in sustainability and ESG.
  • Trevor Neilson's background in impact investing and low-carbon solutions aligns with Novus's goals.
  • Rini Greenfield's expertise in food technology could enhance strategic investments.
  • Phillip Bayt's legal experience brings valuable insight into commercial real estate matters.
Negative
  • None.

Novus Capital, a company focused on sustainability and social equity through technological innovation, announces three new Board Advisors: Trevor Neilson, Rini Greenfield and Phillip Bayt.

“One of the key values Novus brings to our startup partners is the depth and diversity of our Board and Board Advisors’ expertise,” said Bob Laikin, co-founder of Novus Capital. “Trevor, Rini and Phillip are each proven leaders in their respective fields, and we’re proud to have them join us.”

Trevor Neilson is co-founder, Chairman and CEO of WasteFuel, a next-generation fuel company that develops low-carbon biofuels from waste. Previously, he served as co-founder and CEO of i(x) investments, a leading impact-investing platform. Neilson continues to serve as chairman of the firm. Named by the World Economic Forum as a Young Global Leader, Neilson served in the White House during the Clinton administration and served on the Business and Human Rights Resource Centre International Advisory Network. Other posts have included co-founder at the Global Philanthropy Group, executive director of the Global Business Coalition, and director of public affairs at the Bill & Melinda Gates Foundation.

“I’m thrilled to be joining Novus Capital as part of its ESG strategy,” Neilson said. “There’s tremendous potential in this area, and it’s exciting to be included.”

Rini Greenfield is the founding General Partner of Rethink Food, a social impact fund investing in early-stage food technology companies. She also was a co-founder of Adaptive Management, a Tiger Management LLC fund, where she helped pioneer the use of big data analysis for fundamental long-term investments. With over a decade of experience investing in technology and consumer companies, she has deep relationships with technologists, operators and investors worldwide.

“In just a short time, Novus has made a tremendous impact with its focus on ESG and sustainable practices,” Greenfield said. “It’s an honor to assist in its next phase of impactful investing.”

Phillip Bayt, former Chief Managing Partner for the Indianapolis law firm Ice Miller, practiced in the firm’s Real Estate Group. He brings extensive experience in commercial real estate, gaming, finance, development, joint ventures, real estate funds, real estate taxes, workouts and foreclosures, construction law and leasing. He’s represented both for-profit and non-profit clients in significant commercial transactions.

“I am excited to join the Novus Capital team,” Bayt said. “This is a tremendous opportunity to take part in deeply meaningful work.”

Novus Capital successfully merged its first special purpose acquisition company (SPAC), Novus Capital Corporation I, into AppHarvest (NASDAQ: APPH) on January 29, 2021. AppHarvest is an applied technology company building some of the world’s largest indoor farms in Appalachia. The company combines conventional agricultural techniques with cutting-edge technology and is addressing key issues including improving access for all to nutritious food, farming more sustainably, building a home-grown food supply, and increasing investment in Appalachia.

Bob Laikin, Larry Paulson, Hersch Klaff, Jeff Foster, Ron Sznaider and Heather Goodman of Novus Capital launched a second SPAC, Novus Capital Corporation II, (NYSE: NXU.U) on February 3, 2021. The SPAC raised $287.5 million during its IPO. It will now focus on identifying a potential acquisition in the sustainable smart technology and ESG space.

About Novus Capital

Novus Capital is a company focused on sustainability, ESG and social equity through technological innovation. The company is led by Robert J. Laikin, Larry Paulson and Jeffrey Foster, who have significant hands-on experience helping high-tech companies optimize their existing and new growth initiatives by exploiting insights from rich data assets and intellectual property that already exist within most high-tech companies. Novus Capital recently listed its second special purpose acquisition company (SPAC), Novus Capital Corporation II (NYSE: NXU.U), on February 3, 2021.

FAQ

Who are the new Board Advisors appointed by Novus Capital?

The new Board Advisors are Trevor Neilson, Rini Greenfield, and Phillip Bayt.

What is the significance of the new appointments at Novus Capital?

The appointments are aimed at strengthening leadership and enhancing Novus's focus on sustainability and ESG initiatives.

What was the IPO amount raised by Novus Capital Corporation II (NYSE: NXU.U)?

Novus Capital Corporation II raised $287.5 million during its IPO.

What is the focus of Novus Capital Corporation II?

The focus is on identifying potential acquisitions in the sustainable smart technology and ESG space.

What previous SPAC was successfully merged by Novus Capital?

Novus Capital's first SPAC, Novus Capital Corporation I, merged with AppHarvest (NASDAQ: APPH) on January 29, 2021.

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