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  "documentTitle": "AeroFarms | SPAC Presentation Deck | 61 slides",
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  "authorName": "AeroFarms",
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  "presentationDate": "2021-05-01 00:00:00",
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      "text": "Assumes no redemptions from Spring Valley Acquisition Corp.; includes cash to balance sheet from convertible note; assumes $40mm in transaction expenses; 2 Multiples based off pro-forma implied enterprise value; 2025E Revenue $329.9mm and 2025E EBITDA $82.0mm",
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      "text": "OWNERSHIP\n65.0% existing shareholder equity rollover\n2.7% AeroFarms convertible notes holders\n22.1% SPAC including founder shares\n10.2% PIPE Investors",
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      "text": "CAPITAL STRUCTURE\n$347mm in cash to fund operations and accelerate growth\nFully funds equity portion of capital required to execute business plan in projections",
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      "text": "VALUATION\n~$850mm pro-forma enterprise value\n2.6x 2025E revenue and 10.4x 2025E EBITDA\nAttractive valuation versus other leading sustainable high-growth food peers",
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      "text": "TRANSACTION SIZE\n$232mm cash in trust from Spring Valley Acquisition Corp. (Nasdaq: SV)\n$125mm PIPE - Sponsor and existing investors $40mm+",
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      "kind": "paragraph",
      "text": "In March 2021, AeroFarms entered into an agreement to merge with Spring Valley Acquisition Corp. (Nasdaq: SV)...",
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      "text": "Transaction Overview",
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