MOREHEAD, Ky., Feb. 08, 2023 (GLOBE NEWSWIRE) -- AppHarvest, Inc. (NASDAQ: APPH, APPHW), a sustainable food company, public benefit corporation and Certified B Corp building some of the world's largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in Appalachia, today announced that it has commenced a $40 million underwritten public offering of shares of its common stock. AppHarvest also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering on the same terms and conditions. All of the shares of common stock are being offered by AppHarvest.
Cowen and Company, LLC is acting as book-running manager for the offering. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed or the actual size or terms of the offering.
The net proceeds of the offering are expected to be used for working capital and general corporate purposes.
A shelf registration statement relating to the offered securities was filed with the Securities and Exchange Commission (SEC) and was declared effective on August 16, 2022. A preliminary prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov.
Copies of the preliminary prospectus supplement and accompanying prospectus related to the offering may be obtained, when available, from Cowen and Company, LLC, 599 Lexington Avenue, New York, NY 10022 by email at Prospectus_ECM@cowen.com or by telephone at (833) 297-2926.
This news release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About AppHarvest
AppHarvest is a sustainable food company in Appalachia developing and operating some of the world's largest high-tech indoor farms with robotics and artificial intelligence to build a reliable, climate-resilient food system. AppHarvest's farms are designed to grow produce using sunshine, rainwater and up to 90% less water than open-field growing, all while producing yields up to 30 times that of traditional agriculture and preventing pollution from agricultural runoff. AppHarvest currently operates its 60-acre flagship farm in Morehead, Ky., producing tomatoes, a 15-acre indoor farm for salad greens in Berea, Ky., a 30-acre farm for strawberries and cucumbers in Somerset, Ky., and a 60-acre farm in Richmond, Ky., for tomatoes. The four-farm network consists of 165 acres under glass.
CONTACT: Media Contact: Darla Turner, Darla.Turner@appharvest.com Investor Contact: AppHarvestIR@appharvest.com
莫耳爾黑德，肯塔基州，2023年2月8日(Global Newswire)--可持續發展食品公司、公益公司和認證B公司AppHarest，Inc.(納斯達克代碼：APPH，APPHW)今天宣佈，它已經開始進行4,000萬美元的普通股承銷公開募股。該公司正在建設一些世界上最大的高科技室內農場，在阿巴拉契亞地區大規模種植負擔得起的營養水果和蔬菜，同時提供良好的就業機會。AppHeavest還打算授予承銷商30天的選擇權，按相同的條款和條件購買公開發行的普通股中最多15%的股份。所有普通股都是由AppHeavest提供的。
Cowen and Company，LLC將擔任此次發行的簿記管理人。是次發售受市場情況所限，不能保證是否或何時可完成發售，或發售的實際規模或條款。
此次發行的淨收益預計將用於營運資金和一般企業用途。
與所發行證券有關的擱置登記聲明已提交給美國證券交易委員會(美國證券交易委員會)，並於2022年8月16日宣佈生效。與此次發行相關的初步招股說明書附錄和附帶的招股說明書將提交給美國證券交易委員會，並將在美國證券交易委員會的網站www.sec.gov上提供。
初步招股說明書附錄和與此次發行有關的招股說明書的副本，如有的話，可通過電子郵件Prospectus_ecm@coen.com或電話(8332972926)從Cowen and Company，LLC，599 Lexington Avenue，New York，NY 10022獲取。
本新聞稿不應構成出售這些證券的要約或邀請購買這些證券的要約，也不應在任何州或司法管轄區的任何州或司法管轄區出售這些證券，在這些州或司法管轄區的證券法規定的登記或資格之前，此類要約、徵求或出售將是非法的。
關於AppHeavest他說：
AppHeavest是阿巴拉契亞地區的一家可持續食品公司，正在開發和運營一些世界上最大的高科技室內農場，利用機器人和人工智慧來建立一個可靠的、氣候適應性強的食品系統。AppHeavest的農場旨在利用陽光、雨水和比露天種植少90%的水來種植農產品，同時產量高達傳統農業的30倍，並防止農業徑流造成的汙染。AppHeavest目前在肯塔基州莫爾黑德經營著佔地60英畝的旗艦農場，種植西紅柿；在肯塔基州貝裡亞經營一個15英畝的室內蔬菜沙拉農場；在肯塔基州薩默塞特經營一個30英畝的草莓和黃瓜農場；在肯塔基州里士滿經營一個60英畝的番茄農場。這個由四個農場組成的網路佔地165英畝，種植在玻璃下。
媒體聯繫人：Darla Turner@appharvest.com投資者聯繫人：AppHarvestIR@appharvest.com
