Novus Capital Corporation (NOVS)

[eebbee]

Exploded pre market.

From my news feed:

"Upon closing of the transaction, the combined company will be named AppHarvest and is expected to remain listed on Nasdaq under a new ticker symbol. The combined company will be led by Jonathan Webb, AppHarvest's Founder & Chief Executive Officer.
Highlights: Transaction to provide $475 million of gross proceeds to the company, including $375 million fully committed common stock PIPE at $10.00 per share anchored by existing and new investors -- including Fidelity Management & Research Company, LLC, Inclusive Capital and Novus Capital Corporation. Pro forma equity value of the merger is approximately $1.0billion, at the $10.00 per share PIPE price and assuming minimal Novus shareholder redemptions. Transaction advances AppHarvest's mission to redefine American agricultureand to build America's AgTech capital in the heart ofAppalachia through the development of several large-scale controlled indoor farms."