AeroFarms SPAC Presentation Deck

AEROFARMS Preparing for Future Commercial Expansion into New Markets like Berries Berries today are subject to a seasonal supply chain with high pesticide use AeroFarms' grows better berries, measured by sweetness, all year round, using zero pesticides AeroFarms has grown over 50 varieties of strawberries to date, each with a unique size, shape and flavor profile AeroFarms has a co-development agreement to create high- performing berry products with a strategic partner Harvesting berries since 2017 1 Measure of soluble sugar content Grown over 6,300 berry plants to date Consistently achieving Brix¹ of 11 ~1.5x higher than the industry average of 6-8 31

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