Month: September 2020

A Stock That Will Let Investors Reap the Rewards of a New Way to Farm

AppHarvest thinks its greenhouse process will be competitive with crops grown in open fields. Dreamstime Agricultural production is big business, but for the most part it isn’t a publicly traded business. That makes some of the processes and companies responsible for putting food on the table impenetrable to many investors. A new company plans to change …

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AppHarvest to Become a Public AgTech Company

AppHarvest has entered into a definitive business combination agreement with Novus Capital Corporation (Nasdaq: NOVS) Transaction to provide $475 million of gross proceeds to the company, including $375 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors – including Fidelity Management & Research Company, LLC, Inclusive Capital and Novus Capital Corporation Pro forma equity value of the merger is approximately $1.0 billion, at the …

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