Novus Capital Corporation Announces Special Stockholder Meeting to Approve Business Combination

- Special Meeting to be held on January 29, 2021

Novus Capital Corporation NOVS NOVSU, NOVSW))) (the "Company" or "Novus Capital"), a special purpose acquisition company, today announced that the Company will hold a Special Meeting via live webcast at https://www.cstproxy.com/novuscapitalcorp/sm2020, on January 29, 2021 at 10:00 a.m. Eastern Time (the "Special Meeting"). The definitive proxy statement/prospectus will be filed with the SEC and will contain important information about the business combination and the other matters to be voted upon at the Special Meeting.

The business combination is expected to close shortly after the Special Meeting, subject to stockholder approvals and other customary closing conditions.

Notice of the Special Meeting, together with the definitive proxy statement/prospectus relating to the Special Meeting, will be mailed to stockholders of record as of the close of business on December 29, 2020 (the "Record Date").

About Novus

Novus Capital raised $100 million in May 2020 and its securities are listed on the Nasdaq under the ticker symbols "NOVS", "NOVSU" and "NOVSW." Novus Capital is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combination with one or more businesses or entities. Novus Capital is led by Robert J. Laikin and Larry Paulson, who have significant hands-on experience helping high-tech companies optimize their existing and new growth initiatives by exploiting insights from rich data assets and intellectual property that already exist within most high-tech companies. For more information please visit https://novuscapitalcorporation.com/.

About AppHarvest

AppHarvest is an applied technology company building some of the world's largest indoor farms in Appalachia. The Company combines conventional agricultural techniques with cutting-edge technology and is addressing key issues including improving access for all to nutritious food, farming more sustainably, building a home-grown food supply, and increasing investment in Appalachia. The Company's 60-acre Morehead, KY facility is among the largest indoor farms in the U.S. For more information, visit https://www.appharvest.com/.

Important Information for Investors and Stockholders

In connection with the proposed transaction, Novus Capital has filed the registration statement with the SEC, which includes a preliminary proxy statement to be distributed to holders of Novus Capital's common stock in connection with Novus Capital's solicitation of proxies for the vote by Novus Capital's stockholders with respect to the proposed transaction and other matters as described in the registration statement, as well as the prospectus relating to the offer of securities to be issued to AppHarvest's stockholders in connection with the proposed transaction. After the registration statement has been declared effective, Novus Capital will mail a definitive proxy statement, when available, to its stockholders. Investors and security holders and other interested parties are urged to read the proxy statement/prospectus, any amendments thereto and any other documents filed with the SEC carefully and in their entirety when they become available because they will contain important information about Novus Capital, AppHarvest and the proposed transaction. Investors and security holders may obtain free copies of the preliminary proxy statement/prospectus and definitive proxy statement/prospectus (when available) and other documents filed with the SEC by Novus Capital through the website maintained by the SEC at http://www.sec.gov, or by directing a request to: Novus Capital Corporation, 8556 Oakmont Lane, Indianapolis, IN 46260. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

Novus Capital and its directors and officers may be deemed participants in the solicitation of proxies of Novus Capital's stockholders in connection with the proposed business combination. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of Novus Capital's executive officers and directors in the solicitation by reading the registration statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of Novus Capital's participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, is set forth in the registration statement.

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