The New Jersey-based company had announced its closure in a letter to Danville’s mayor and in a letter to the Virginia Department of Workforce Development and Advancement earlier this week. It cited a loss of funding from the company’s largest investor, which had had an “unannounced restructuring and change in priorities.”

“Since then, the company’s circumstances have evolved rapidly,” the Friday news release says. “An existing stakeholder has agreed to provide funding to AeroFarms, enabling the company to continue operations and explore strategic alternatives.”

The Tuesday announcement about its closure came as a surprise to Danville and Pittsylvania, and to its employees, who were not given the 60-day notice of termination that is often required, said Danville City Manager Ken Larking.