AeroFarms SPAC Presentation Deck

Unrivaled Sustainability and Productivity AEROFARMS® 9 CROP TURNS MI YIELD¹ WATER USE QUALITY LONG TERM COST STRUCTURE² FASTER AEROFARMS according to the USDA HIGHER OUTPUT MORE EFFICIENT BETTER BECOMING CHEAPER Up to 26 Up to 390x Up to 95% III Crop turns lbs/sqft¹ Water savings Most consistent product Declining costs High-tech Greenhouse 12 12x lbs/sqft 90% Crop turns III Water savings Somewhat consistent product Slightly declining costs Conventional Farming 1-3 1x 0% III Crop turns lbs/sqft Water savings Least consistent product Increasing costs ¹ Calculation is based on AeroFarms' annual crop turns, levels of vertical growing and output per square foot versus values for a conventional field farm in a region like New Jersey with one crop turn per year; 2 Farmland Prices In The United States 14

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