We intend to focus our search for a target business in the agriculture sector focused on decarbonization. We intend to focus on ag sector business that may provide opportunities for attractive risk-adjusted returns and benefit from sustainability objectives.(Incorporated in the Cayman Islands)

We intend to capitalize on the sponsor entities’ platforms to identify, acquire and build a company whose principal effort is developing and advancing a platform that decarbonizes the traditional agriculture sector and enhances natural capital at scale. We believe these areas of focus represent a favorable and highly fragmented market opportunity to consummate a business combination.

Bert (Robert) Glover has been our CEO since September 2023. Mr. Glover is the founder and managing director of Impact Ag, one of our sponsors. Mr. Glover focuses on investments in farm management, business planning, animal welfare, natural capital and other nature based solutions.

Thomas Smith, CPA, has been our CFO since October 2023. Mr. Smith serves as Riverstone’s chief financial officer of fund accounting. Prior to joining Riverstone in 2013, Mr. Smith served in several financial roles within Apax Partners, LP, most recently as the assistant controller. Previously, he worked with Ernst & Young LLP, where he focused on assurance engagements for both public and private companies. 

David Leuschen has been our sole director since September 2023. Mr. Leuschen is expected to serve as the chairman of the board of directors following completion of this (SPAC) IPO. Mr. Leuschen is the co-founder and senior managing director of Riverstone Holdings LLC. Prior to Riverstone, Mr. Leuschen was a partner and managing director at Goldman Sachs and founder and head of the Goldman Sachs Global Energy and Power Group.

Our sponsors are Riverstone and Impact Ag:

• Riverstone is one of the most experienced private equity investors globally in renewables, with over 17 years of dedicated investment experience to renewables. Since inception, Riverstone has owned or developed over 200 projects in 15 countries and committed over $6.1 billion of capital to low-carbon platform investments across subsectors including mobility, battery materials, solar, wind and renewable fuels. Within the last few years alone, Riverstone has raised more than $3 billion for over a dozen transactions which include differentiated companies that are decarbonizing critical industries.

• Impact Ag is a specialist agricultural asset management firm that identifies investment opportunities and raises capital, conducts due diligence, negotiates acquisitions and then operates the assets as part of a complete asset management offering. In executing investment strategies, Impact Ag is accountable for reporting all financial, statutory and compliance requirements, as well as business administrative functions. By aiming to meet future global needs, Impact Ag takes a long-term approach to agriculture. Impact Ag’s practical experience has demonstrated the relationships between soil, plant, animal and human health. This will protect and enhance these assets, allowing future generations to appreciate the biodiversity and natural heritage.

(Note: Agriculture & Natural Solutions Acquisition Corp. priced its SPAC IPO on Nov. 8, 2023, in sync with the terms in its prospectus: 30.0 million units at $10.00 each to raise $300 million. At pricing, Agriculture & Natural Solutions Acquisition Corp. became the 25th SPAC IPO priced so far this year. Background: Agriculture & Natural Solutions Acquisition Corp. filed its S-1 on Oct. 24, 2023, and disclosed terms for its SPAC IPO: 30.0 million units at $10.00 each to raise $300.0 million. Each unit consists of one share of stock and one-half warrant to buy a share of stock.)

(Background: Agriculture & Natural Solutions Acquisition Corp. is the successor SPAC – under a new name – to a SPAC known as Decarbonization Plus Acquisition Corp. V (DCREU proposed), which filed its S-1 in October 2021. The SEC declared in a Dec. 5, 2022, letter that the previous SPAC – Decarbonization Plus Acquisition Corp. V (DCREU proposed) – was abandoned after the registration statement was on file for more than nine months without any updates.)