AppHarvest SPAC Presentation Deck

Detailed Transaction Overview Sources: Committed Common Equity PIPE NOVUS Trust Equity(a) Stock Total Sources Estimated Sources & Uses (in millions) ration to Existing AppHarvest Shareholders Uses: Stock Consideration to Existing AppHarvest Shareholders Estimated Fees & Expenses Cash to AppHarvest Balance Sheet Total Uses Illustrative Pro Forma Capitalization (b) Pro Forma Ownership (b) PIPE Investors Shares b SPAC Public Investor Shares Founders Shares Existing AppHarvest Shareholders(b) Total Shares (e) Shares 20.0 10.0 2.7 50.0 82.7 $M A AppHarvest (b) Assumes new shares are issued at a price of $10.00. $200.0 100.0 500.0 $800.0 $M $500.0 22.7 277.3 $800.0 % Ownership 24.2% 12.1% 3.3% 60.5% 100.0% (in millions, except per share data) Illustrative Pro Forma Valuation PF Shares Outstanding (b) Share Price Market Capitalization Less: Cash Enterprise Value Illustrative Pro Forma Ownership(axb) PIPE Investor Shares (b) SPAC Public Investor Shares Founders Shares ■ Existing AppHarvest Shareholders (b) (a) Assumes no redemptions from Novus' existing public shareholders. Excludes impacts of Novus warrants struck at $11.50. (a) 60% $827M PF Equity Value 82.7 $10.00 $827.0 ($277.3) $549.7 24% 3% 12% 24

View entire presentation