AppHarvest SPAC Presentation Deck

Detailed Transaction Overview Estimated Sources & Uses Sources: Committed Common Equity PIPE NOVUS Trust Equity(a) Convertible Note Stock Consideration to Existing AppHarvest Shareholders Total Sources Uses: Stock Consideration to Existing AppHarvest Shareholders Estimated Fees & Expenses Cash to AppHarvest Balance Sheet Total Uses A AppHarvest Illustrative Pro Forma Capitalization (b) (in millions) Pro Forma Ownership Existing AppHarvest Shareholders (b) PIPE Investor Shares (b) SPAC Public Investor Shares(a) Convertible Note NOVUS Founder Shares Total Shares Shares 50.0 37.5 10.0 3.2 2.7 103.4 $M $375.0 100.0 30.0 500.0 $1,005.0 $M $500.0 40.9 464.1 $1,005.0 % Ownership 48.4% 36.3% 9.7% 3.1% 2.6% 100.0% (in millions, except per share data) PF Shares Outstanding (b) Share Price Market Capitalization Less: Cash Enterprise Value (b) Illustrative Pro Forma Valuation ▪ Legacy AppHarvest ■ PIPE Investors Illustrative Pro Forma Ownership(ab) (b) ▪ SPAC Public Investor Shares ■ Convertible Note ▪ NOVUS Founder Shares (a) Assumes no redemptions from Novus' existing public shareholders. Excludes impacts of Novus warrants struck at $11.50. (b) Assumes new shares are issued at a price of $10.00. 48% $1.0B PF Equity Value 3% 3% 10% 103.4 $10.00 $1,033.7 36% ($464.1) $569.6 36

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