Appharvest announces proposed $40 million public offering of common stock

Morehead, ky., feb. 08, 2023 (globe newswire) -- appharvest, inc. (nasdaq: apph, apphw), a sustainable food company, public benefit corporation and certified b corp building some of the world's largest high-tech indoor farms to grow affordable, nutritious fruits and vegetables at scale while providing good jobs in appalachia, today announced that it has commenced a $40 million underwritten public offering of shares of its common stock. appharvest also intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares of its common stock offered in the public offering on the same terms and conditions. all of the shares of common stock are being offered by appharvest.
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