Freight Farms to go public via a SPAC merger with Agrinam Acquisition in a $147m deal.

Freight Farms, an agriculture technology company, agreed to go public via a SPAC merger with Agrinam Acquisition, a special purpose acquisition corporation, in a $147m deal. "We are thrilled to advance our plans to partner with Agrinam. We have uniquely positioned Freight Farms as a leading technology provider that focuses on serving farmers, so they can serve their local communities with hyper local, hyper fresh produce. Freight Farms is distinctly differentiated from warehouse vertical farms by being a technology provider with proven customer economics, supporting hundreds of profitable, successful businesses with a wide range of commercially viable crops. Our growth strategy is anchored on three core pillars: standardizing farming processes and operations, enabling mainstream accessibility of advanced farming technology and lowering barriers to entry from a location standpoint. Through this transaction, we believe we will be sufficiently funded to continue to execute on our global growth strategy and meet accelerating customer demand by fulfilling our order backlog," Rick Vanzura, Freight Farms CEO.