Infarm Is in Talks to Go Public Via Merger with Kernel SPAC

Infarm, a startup focused on indoor and urban farming, is in advanced talks to go public through a merger with Kernel Group Holdings Inc., a blank-check firm, according to people with knowledge of the matter.

A transaction would value the combined entity at more than $1 billion, said one of the people, who requested anonymity because the talks are private. Terms aren’t finalized and negotiations could still collapse.