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 MACHONIC SANTENER 2013 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 1570 2019 PRE 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 AEROFARMS 2020 Rendering of AgX facility in Abu Dhabi; completed facility may be different ARROFARMS Groundbreaking for next commercial farm in Danville, Virginia 2021 and beyond Scale and development Construct additional facilities around the world, introducing Model 5 and future generations of the farm model to expand scale and improve farm-level unit economics 17

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