Mitchell Presser spoke to Crunchbase News for an article covering the growing number of agricultural and food-related technology startups that are choosing mergers with special purpose acquisition companies (SPACs) as their path to the public markets.
According to Mitchell, agricultural startup SPACs are a good way to raise significant capital, both from the public offering side and via the private investment in public equity a company typically raises alongside.
“SPACs are looking for a combination of high-growth, technology, and valuation,” Mitchell said. “The valuation is typically at least $1 billion.”
Read the full article.