AeroFarms SPAC Presentation Deck

Innovating Vertical Farming at Scale for 15 Years Understanding how innovation in vertical farming scales is important. Since its founding in 2004, AeroFarms has differentiated from the industry, proving its technology, testing innovation and evolving its design through five generations of farm models. Model 1 Model 1 farm launches with first leafy greens sales 2004 AEROFARMS® CHODAL TOUND 2013 Its MARION Technology update Refines and optimizes technology for commercial use Large-scale farming Builds world's largest vertical farm in Newark (including automated components) and begins large-scale farming 2016 2019 Kla Comme Improvements Improves grow towers and innovates in numerous ancillary equipment around the farm to reduce costs and improve major KPIs New Projects Achieves major KPIs at scale and announces new projects in Abu Dhabi and Jersey City 2020 PEST, FELIS Representative rendering of AgxX facility in Abu Dhabi; completed facility may be different Representative farm rollout map; more detail on Page 27 2021 and beyond Scale and Development Construct additional facilities around the world and introduce Model 5 and future generations of the farm model, expanding scale and improving farm- level unit economics 10

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