The Deal. On March 25, 2021 Spring Valley Acquisition Corp agreed to acquire privately-held AeroFarms in a deal that reflects a $1.2 billion post-money equity valuation. There will be $125 million raised in a PIPE and $232 million of cash contributed from the Spring Valley IPO, netting $357 million of cash for AeroFarms, which should fully fund the equity needs of AeroFarms’ growth strategy.The Company. AeroFarms is a leading company in the emerging field of indoor production of specialty crops. The Company has combined the use of aeroponics (a plant-cultivation technique in which the roots hang suspended in the air while nutrient solution is delivered to them in the form of a fine mist) and vertical growing (layers of crops are stacked on top of each other in indoor grow facilities) to produce a more efficient method of growing leafy greens. Read More >>