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Capital-Intensive Agriculture Sector Plants Seeds For More SPACs in 2021

Crunchbase News

06 May 2021

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.

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