The Latest SPAC News and Rumors: August 13, 2021
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web.
Latest SPAC News: Weed supplier HERBL is in talks to merge with BGP Acquisition and Cargill partners with vertical farming pioneer AeroFarms
California Weed Supplier HERBL in Talks To Go Public Via SPAC Merger
California weed supplier HERBL is in talks to go public by merging with blank check company BGP Acquisition, at a valuation of about $600 million, Reuters said, one of several U.S. cannabis companies tapping funds in anticipation of potential federal reforms.
Santa-Barbara, California-based HERBL, has seen its post-merger enterprise value cut to between $450 million and $500 million in recent weeks, from over $630 million in the original agreement reached with BGP around June.
READCargill Partners with Vertical Farming Leader AeroFarms in First-of-Its-Kind Research Focused on Cocoa Production
As part of ongoing efforts to build a more resilient and sustainable cocoa sector, Cargill has entered a multi-year research agreement with vertical farming pioneer and leader AeroFarms aimed at improving cocoa bean yields and developing more climate-resilient farming practices.
AeroFarms announced a definitive business combination agreement with Spring Valley Acquisition Corp. (Nasdaq: SV) on March 26.
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