AeroFarms SPAC Presentation Deck

Transaction Overview AEROFARMS® David Rosenberg CEO and Co-Founder AEROFARMS® Guy Blanchard CFO AEROFARMS® Chris Sorrells S CEO Spring Valley Acquisition Corp KEY HIGHLIGHTS Transaction Size Valuation Capital Structure Ownership ✓ ✓ $232mm cash in trust from Spring Valley Acquisition Corp. (Nasdaq: SV)¹ $125mm PIPE - Sponsor, management, and board investing $20mm+ ~$850mm pro forma enterprise value 2.6x 2025E revenue and 10.4x 2025E EBITDA² Attractive valuation versus other leading sustainable high- growth food peers $347mm in cash to fund operations and accelerate growth¹ No additional equity capital requirements expected between now and achieving free cash flow 65.0% existing shareholder equity rollover 2.7% AeroFarms convertible notes holders 22.1% SPAC including founder shares 10.2% PIPE Investors ¹ 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 4

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