Spring Valley Acquisition Corp. (SV) to Combine with AeroFarms in $856M Deal

Spring Valley Acquisition Corp. (SV) to Combine with AeroFarms in $856M Deal

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. Newark, New Jersey-based AeroFarms has developed the technology for indoor farms designed to be more sustainable and efficient than conventional agricultural practices. The combined entity is expected
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