AeroFarms terminated the $1.9bn SPAC merger with Spring Valley Acquisition.

AeroFarms, a vertical farming firm, terminated the $1.9bn SPAC merger with Spring Valley Acquisition, a special purposes acquisition company. Neither party will be required to pay the other a termination fee as a result of the mutual decision to terminate the business combination agreement. Spring Valley intends to continue to pursue the consummation of an initial business combination prior to the dissolution deadline of May 27, 2022 (unless such date is extended in accordance with Spring Valley’s governing documents).