Benson Hill, a crop improvement company which has developed an ultra-high protein soybean variety, will become a publicly traded company through a SPAC (special purpose acquisition company) transaction with Star Peak Corp II.
The deal will accelerate Benson Hill's proprietary CropOS AI-driven plant breeding technology, strengthen partner development efforts, support product commercialization, and expand into new agri-food markets.
"As a result of this technology innovation and our go-to-market approach, we are now at the launch phase to deliver and help meet the explosive demand for plant-based ingredients that can displace processing steps, reduce additives, and serve as the ‘picks and shovels’ for the plant-based food revolution,” Benson Hill CEO Matt Crisp said in a statement.