---
schema_version: "secwatch.filing_event.v1"
accession: "0001807707-23-000130"
form_type: "8-K"
ticker: null
cik: "0001807707"
company_name: "AppHarvest, Inc."
filed_at: "2023-10-05T23:59:59+00:00"
generated_at: "2026-06-10T04:08:18.446638+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# AppHarvest closes $113M asset sale to Equilibrium; CSO Jonathan Webb terminated

## Summary
- Sold Richmond and Morehead farm assets to Equilibrium for $113,179,726 credit bid; sale approved by bankruptcy court on Sept 19 and closed Sept 29.
- Jonathan Webb terminated as Chief Strategy Officer effective Sept 29; he remains on the Board of Directors.
- Company warns that trading in its securities is highly speculative and may not reflect actual recovery in Chapter 11 cases.

## SEC filing metadata
- accession: 0001807707-23-000130
- form_type: 8-K
- cik: 0001807707
- company_name: AppHarvest, Inc.
- filed_at: 2023-10-05T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1807707/000180770723000130/0001807707-23-000130-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1807707/000180770723000130/apph-20230929.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001807707-23-000130
- JSON: https://secwatch.observer/filing/0001807707-23-000130.json
- Plain text: https://secwatch.observer/filing/0001807707-23-000130.txt

## Key facts
- Executive change
  Jonathan Webb was terminated as Chief Strategy Officer at AppHarvest, Inc..
  - Action: terminated
  - Role: Chief Strategy Officer
  source text: notified Jonathan Webb, previously a named executive officer who had been serving as the Company’s Chief Strategy Officer and a member of the Company’s Board of Directors (the “ Board ”), that his employment as Chief Strategy Officer of the Company would terminate without cause, effective September 29, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807707/000180770723000130/0001807707-23-000130-index.htm
- M&A Transactions
  AppHarvest, Inc. completed a disposition involving CEFF II AppHarvest Holdings, LLC for credit bid in the amount of $113,179,726 (closed 2023-09-29).
  - Action: disposition
  - Counterparty: CEFF II AppHarvest Holdings, LLC
  - Consideration: credit bid in the amount of $113,179,726
  - Closing: 2023-09-29
  source text: assets related to the Richmond Business and Morehead Business (each as defined in the Stalking Horse APA, and collectively, the “ Assets ”) for a credit bid in the amount of $113,179,726. On September 19, 2023, the United States Bankruptcy Court for the Southern District of Texas approved the sale. On September 29, 2023, the Sellers and Equilibrium consummated
  evidence_url: https://www.sec.gov/Archives/edgar/data/1807707/000180770723000130/0001807707-23-000130-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.