AeroFarms SPAC Presentation Deck

Valuation Benchmarking FV / Revenue 2.6x AEROFARMS® 2025 FV / EBITDA 10.4x 1.5x 2025 AEROFARMS 2026 AEROFARMS 4.4x 2026 FV / Revenue (Sustainable High-growth Food) 4.2x 6.0x BEYOND MEAT freshpet AppHarvest 2025 2025 2025 23.5x 2.1x FV / EBITDA (Sustainable High-growth Food) 27.7x 7.7x BEYOND MEAT freshpet AppHarvest 2025 2025 2025 8.0x Mas MONSTER ENERGY M 22.4x MONSTER ENERGY FV/CY2022E (CY+1) Revenue (High-growth food & beverages) ‒‒‒‒‒‒‒‒ Overall Median: 5.9x Source: FactSet and company filings as of May 14, 2021 Note: Companies sorted from high to low based on firm value; ¹ Financials converted to USD, USD/GBP conversion rate of 1.409 as of May 14, 2021 9.8x FEVER-TREE 43.0x 3.9x FEVER-TREE Tattooed FV/CY2022E (CY+1) EBITDA (High-growth food & beverages) Overall Median: 39.1x Chef. 35.2x Tattooed Chef Mi 2.4x Vital FARMS 46.4x 30 Vital FARMS 37

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