ag tech

AppHarvest.com

An innovative ag tech company in Kentucky building some of America’s largest indoor farms went public on Nasdaq Feb. 1.

Morehead-based AppHarvest rang the opening bell on Nasdaq virtually on Monday, and is trading under the new ticker symbol APPH.

The new publicly traded company was created when AppHarvest was  acquired by Novus Capital, a 'special purpose acquisition company' or SPAC.  

The goal of SPACs is to acquire private companies, allowing them to go public faster and with fewer regulatory hurdles than the standard Initial Public Offering, or IPO, process.