AppHarvest, Inc.: going-concern / distress — AppHarvest files Chapter 11 bankruptcy, will sell substantially all assets; Nasdaq delisting notice received

• that certain Credit Agreement, dated as of July 29, 2022, by and among Greater Nevada Credit Union (“ GNCU ”), AppHarvest Operations, Inc., and AppHarvest Pulaski Farm, LLC (as amended or supplemented prior to the date hereof)

• that certain Credit Agreement, dated as of June 15, 2021, by and between AppHarvest Morehead Farm, LLC, and Rabo AgriFinance LLC (“ Rabo ”), (as amended by that certain First Amendment to Master Credit Agreement, dated as of March 31, 2023 and as further amended or supplemented from time to time prior to the date hereof)

On July 19, 2023, AppHarvest, Inc., (the “ Company ”) entered into a certain Secured Promissory Note and Loan Agreement (the “ Note ”) with Equilibrium (as defined below), pursuant to which Equilibrium agreed to provide the Company with a loan in the principal amount of $2,690,000 (the “ Bridge Loan ”). The Bridge Loan shall bear interest on the unpaid principal amount thereof at a rate per annum equal to 10.0% and has a maturity date of July 24, 2023.

• that certain Credit Agreement, dated as of July 23, 2021, by and between AppHarvest Richmond Farm, LLC and Equilibrium (as amended by that certain First Amendment to Credit Agreement, dated as of July 29, 2021, that certain Second Amendment to Credit Agreement, dated as of July 29, 2022, that certain Waiver and Third Amendment to Credit Agreement, dated as of December 21, 2022, and as further amended or supplemented from time to time prior to the date hereof)

On July 23, 2023, the Debtors named in Exhibit 99.1 filed voluntary petitions for relief under chapter 11 of Title 11 of the United States Code (the “ Bankruptcy Code ”) in the United States Bankruptcy Court for the Southern District of Texas (the “ Bankruptcy Court ”) thereby commencing chapter 11 cases for the Debtors (the “ Chapter 11 Cases ”).