African Agriculture to go public via a merger with 10X Capital Venture Acquisition II in a $450m deal.

African Agriculture, a global food security company, agreed to go public via a merger with 10X Capital Venture Acquisition II, a special purpose acquisition company sponsored by 10X Capital, in a $450m deal. “The war in Ukraine this year and the drought we’ve been experiencing in California shine a spotlight on one of the biggest problems we have in the world: food security. With supply chains disrupted, grocery prices soaring, and many people globally facing acute shortages of grain, dairy and meat, we believe Alan and the AAGR team will provide farmers and consumers with real food security at a time of significant population and demand growth, via a valuable, simple solution,” Hans Thomas, 10X Capital CEO.