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      "text": "Transaction implies a pro forma enterprise value of $570 million\n2.2x based on projected 2024E revenue of $258 million\n9.3x based on projected 2024E Adj. EBITDA of $61 million\nExisting AppHarvest shareholders will receive ~48% of the pro forma equity",
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      "text": "AppHarvest has entered into a business combination with Novus Capital Corp (NOVS)\nThe transaction is expected to close in early Q1 2021\nThe post-closing company will retain the AppHarvest name and its common stock will be listed on Nasdaq under the ticker APPH\nThe transaction, inclusive of the planned $375 million PIPE and a $30 million convertible note, will provide growth capital to the Company for future facility development",
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