Indoor vertical farming company AeroFarms is expected to go public via a merger with a special purpose acquisition company (SPAC). We'll update this page as new information becomes available.
Indoor farming technology company AeroFarms is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company. SPACs are companies with no commercial operations that exist purely to raise capital through IPOs. The deal is expected to close in the second quarter of 2021.
The SPAC, Spring Valley Acquisition Corporation, originally went public in November 2020 and currently trades on the Nasdaq under the ticker symbol "SV." After the merger, the company will trade on the Nasdaq under the ticker "ARFM."
Once AeroFarms goes public, you'll need a brokerage account to invest. Consider opening a brokerage account today so you're ready as soon as the stock hits the market.
It's impossible to predict how any stock will perform — and IPOs can be particularly volatile. Looking at the performance of similar companies can help you decide if now is a good time to buy AeroFarms stock.
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Finder is not an adviser or brokerage service. Information on this page is for educational purposes only and not a recommendation to invest with any one company, trade specific stocks or fund specific investments. All editorial opinions are our own.
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