Brief: Container farming startup Freight Farms to go public for $147m via SPAC
September 8, 2023
The proposed SPAC merger with Agrinam Acquisition Corp. values indoor farming tech company Freight Farms at $147 million.
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Tag: SPAC
Vertical farm fail, a unique agtech SPAC: AFN’s best read of 2022
January 5, 2023
Vertical farm failure, a SPAC from the father of agtech, GM controversy, indoor farmed wheat, and funding for one of regenerative agriculture’s leaders were the top 5 articles reported on by AFN’s team of reporters in 2022.
The Production Board invests in Brazil’s largest ag retailer in SPAC deal to promote agtech adoption
September 15, 2022
By partnering with Lavoro, David Friedberg’s company hopes to drive more agtech adoption by leveraging the ag retailer’s influence on farmers.
Vertical farming operator Kalera pursues SPAC listing at $375m valuation
February 1, 2022
The deal with Nasdaq-listed SPAC Agrico Acquisition Corp is expected to close in the second quarter of 2022.
Brief: Local Bounti completes $1.1bn SPAC merger to become latest listed CEA company
November 23, 2021
The Hamilton, Montana-based company claims its produce reaches shelves “in record time post-harvest” due to its facility’s proximity to retail partners.
Brief: AeroFarms & Spring Valley terminate $1.2bn SPAC deal
October 18, 2021
David Rosenberg, the vertical ag company’s CEO, said that “proceeding with this transaction is not in the best interests of our shareholders.”
Data Snapshot: 2021 started out as year of the ag SPAC. How’s that going?
September 23, 2021
Since the start of the year six agtech SPAC deals have been announced – most involving indoor farming or biotech, and all valued at over $1 billion.
Brief: GreenLight Biosciences agrees to go public in $1.2bn SPAC merger
August 10, 2021
The ag biotech company, which uses the RNA tech made famous by Covid-19 vaccines, will list on the Nasdaq – eventually providing an exit for investors including AgFunder, S2G Ventures, and Continental Grain Company.
Farm tech investing is accelerating faster than ever – new report
August 4, 2021
Investor backing for technologies focusing on or close to the farm soared to $7.9 billion in 2020, or 41%, representing a bigger year-over-year jump than both agrifoodtech and global VC investing.
Brief: AppHarvest targets 12 indoor farms by 2025 following $91m Equilibrium Capital injection
July 29, 2021
AppHarvest also announced the appointment of former Amazon tech exec Mark Keller to head up its on-farm robotics efforts.
Midweek Digest: Stryve SPACs, Future Meat’s first factory opens
June 30, 2021
Snack maker Stryve is set for a SPAC merger, while Israel’s Future Meat has unveiled what it says is the “world’s first industrial cultured meat facility.”
Brief: Local Bounti agrees $1.1bn SPAC deal backed by Cargill
June 23, 2021
The Montanan startup claims it can offer “superior unit economics” thanks to a “unique hybrid facility configuration” combining conventional greenhouses with vertical farming.
Ginkgo Bioworks to go public at $15bn valuation as agrifood SPAC frenzy continues
May 12, 2021
Ginkgo Bioworks said it will use the capital raised to “dramatically increase the scale” of its cell-programming tech platform.
Brief: Benson Hill to go public in $2bn SPAC merger
May 10, 2021
The deal involving the St Louis-based startup – which is developing gene-edited and selectively bred versions of crops used in alt-protein and animal feed production – is the latest in a string of recent agrifoodtech SPAC mergers.
Grab confirms record-breaking $40bn SPAC deal; archrival Gojek nears $18bn merger
April 14, 2021
The Singapore-based app claims to be the category leader for online food delivery, ride-hailing, and digital payments in Southeast Asia.
Brief: US vertical farming group AeroFarms joins unicorn club, strikes SPAC deal to go public
March 26, 2021
The Newark-based company is set to merge with Spring Valley Acquisition Corp, raising as much as $357 million in gross proceeds at a $1.2 billion valuation.
Brief: Alexandria REIT to form $313m agrifoodtech SPAC
March 12, 2021
The Pasadena-based SPAC will aim to acquire technologies and privately held businesses in the agritech and climate change mitigation sectors.
What the SPAC?! A brief explainer on the next exit tool for agrifoodtech investors
March 4, 2021
SPACs are all the rage these days, and in agtech, we saw our first high profile SPAC earlier this year when AppHarvest listed on the NASDAQ at a $1 billion valuation.
Brief: Indian e-grocer Grofers said to seek SPAC deal after stalled acquisition talks
February 15, 2021
Grofers is reportedly targeting a ‘reverse merger’ that would value it at around $1 billion after negotiations with prospective buyers hit a dead end.
Brief: AppHarvest completes SPAC merger to go public at $1bn+ valuation
February 2, 2021
AppHarvest is the first CEA tech company to go public in the US, and is one of just a handful of agrifoodtech startup IPOs to date.
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