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AeroFarms, Spring Valley Pull Plug on $1.2 Billion SPAC Merger

Vertical-Farming Firm Says Deal Was No Good for Shareholders
One of AeroFarms' New Jersey locations. The vertical-farming company said it is building momentum, with new projects in places such as Virginia. (AeroFarms)
One of AeroFarms' New Jersey locations. The vertical-farming company said it is building momentum, with new projects in places such as Virginia. (AeroFarms)
CoStar News
October 14, 2021 | 10:32 P.M.

AeroFarms and a so-called blank-check company have terminated their merger deal, which was valued at $1.2 billion.

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