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Latham & Watkins Advises Freight Farms, Inc. in Business Combination Agreement With Agrinam Acquisition Corporation

October 4, 2023
Firm represents the agtech company in de-SPAC transaction at a pro forma market cap valuation of US$147 million.

Agrinam Acquisition Corporation (TSX:AGRI.U) (Agrinam) and Freight Farms, Inc. (Freight Farms), a rapidly growing innovative agtech company and a leader in the global revolution for sustainable, hyper-local, and ultra-fresh food production, has announced they have entered into a definitive business combination agreement (the Definitive Agreement) among Freight Farms, Agrinam, and Agrinam Merger Sub, Inc., a wholly owned subsidiary of Agrinam (Merger Sub), which sets out the terms of a business combination whereby Agrinam will acquire all of the issued and outstanding shares of Freight Farms by way of a triangular merger (the Business Combination). Freight Farms and Agrinam previously announced that they had entered into a letter of intent in respect of the Business Combination on September 7, 2023.

Latham & Watkins LLP is representing Freight Farms in the de-SPAC transaction with an Emerging Companies & Growth Team led by Boston partner Stephen Ranere, with associates Erik Thompson and Lauren Hanna. Advice was also provided on benefits matters by Boston partner Josh Friedman, on tax matters by Chicago partner Rene de Vera, and on capital markets matters by Boston partner Jennifer Yoon.