Please ensure Javascript is enabled for purposes of website accessibility

Tag Archives: Aerofarms

AeroFarms, Spring Valley mutually terminate merger agreement

Red romaine in one level of a growing tower at AeroFarms in Newark.

In March, investors committed $125 million to a private investment in public equity in support of the transaction. At that time, the companies said the deal would provide approximately $317 million unrestricted cash to the vertical farmer to fund future development. But in August, the companies announced the deal needed more cash to move forward.

Read More »