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AeroFarms and Spring Valley Acquisition Corp. (Nasdaq: SV) announced that the SEC has declared effective their Form S-4 registration statement related to the merger. A Special Meeting for Spring Valley shareholders is set for August 20, 2021, to approve the business combination, with a record date of July 19, 2021. Post-approval, the transaction is expected to close soon, allowing AeroFarms to trade publicly under the new ticker symbol 'ARFM'. This merger emphasizes AeroFarms' leadership in vertical farming technology, which significantly reduces water usage and enhances food safety.
AeroFarms, a leader in indoor vertical farming, will present at the CJS Securities 21st Annual “New Ideas” Summer Virtual Investor Conference on July 13, 2021, at 9:30 a.m. ET. This presentation is part of AeroFarms' commitment to advancing agricultural innovation and sustainability, utilizing its patented technology to grow plants with 95% less water and no pesticides. The company has established strategic partnerships and is in the process of a business combination with Spring Valley Acquisition Corp., projected to trade under the ticker 'ARFM' post-transaction.
AeroFarms, a leader in indoor vertical farming, is expanding its leafy greens lineup with five new products, including Baby Bok Choy-The New SpinachTM and various microgreens. These additions cater to rising consumer demand for Asian greens, highlighted by a high nutrient density ANDI score of 865 for the new bok choy. The company emphasizes the elevated flavor and sustainability of its produce, grown using less water and no pesticides. AeroFarms continues to grow its retail presence with major customers, supporting the potential increase in safe, pesticide-free produce consumption.
AeroFarms announced the construction of its Research Center in Abu Dhabi through its subsidiary, AeroFarms AgX. This facility aims to pioneer advancements in indoor vertical farming and AgTech, addressing global agricultural supply chain challenges. Supported by the Abu Dhabi Investment Office, which has allocated $150 million in incentives, the 54,000 square foot center will create 60 skilled jobs and enhance regional AgTech capabilities. Completion is expected in Q1 2022, further establishing Abu Dhabi as a hub for agricultural innovation.
AeroFarms, a leader in indoor vertical farming and a Certified B Corporation, will present at two investor conferences in June 2021. Management will participate in a fireside chat at the Piper Sandler 41st Annual Consumer Marketplace Conference on June 4 at 11:00 a.m. ET and present at the Cowen Sustainability & Energy Transition Summit on June 8 at 11:50 a.m. ET. Both events will be available via webcast on the company's Investor Relations website. AeroFarms aims to innovate agriculture with patented technology that uses 95% less water and no pesticides.
AeroFarms, a leader in indoor vertical farming, announced its participation in the BMO Capital Markets 16th Annual Farm to Market Conference on May 19, 2021, with a live webcast at 3:20 p.m. ET. Co-founder and CEO David Rosenberg will also join the 'Controlled Environmental Agriculture' panel at 10:40 a.m. ET. Additionally, a fireside chat hosted by IPO Edge will discuss the merger with Spring Valley Acquisition Corp. (NASDAQ: SV) on May 21 at 2 p.m. ET. Key topics include investment highlights and AeroFarms' growth strategy, especially in the leafy greens market.
AeroFarms, a leader in indoor vertical farming, is expanding its retail reach in the Northeast and Mid-Atlantic regions with partners like Whole Foods, FreshDirect, Amazon Fresh, and Walmart. This includes increasing product offerings and distribution centers, enhancing availability in key markets. The company’s innovative aeroponic technology allows for up to 390 times more productivity than traditional farming, with zero pesticides and 95% less water usage. AeroFarms aims to provide consumers with safe and ready-to-eat leafy greens, emphasizing quality and sustainability.
AeroFarms and Spring Valley Acquisition Corp. have filed a registration statement with the SEC regarding their proposed business combination. This merger, announced on March 26, 2021, aims to provide approximately $357 million in gross proceeds, including $125 million from PIPE Financing, to accelerate AeroFarms’ growth strategy, which includes expanding retail distribution and constructing advanced farms. The merger, unanimously approved by both boards, is expected to close in Q3 2021, pending regulatory and shareholder approvals.
AeroFarms has unveiled a new brand identity, rebranding its Dream Greens® retail brand to AeroFarms®, emphasizing its leadership in indoor vertical farming. The company's mission is to cultivate the best plants for humanity using innovative aeroponics. The new logo and packaging reflect AeroFarms' dedication to sustainability, utilizing 95% less water and no pesticides compared to traditional farming. Additionally, AeroFarms is expanding its operations with a new facility in Virginia, which will be the largest indoor vertical farm globally, enhancing its distribution capacity and solidifying its market position.
