Brief: Arcadia Biosciences Enters Into Business Combination Agreement with Roosevelt Resources in All-Stock Transaction

Arcadia Biosciences

05/12/2024 13:13

Dec 5 (Reuters) - Arcadia Biosciences Inc  RKDA.O :
    * ARCADIA BIOSCIENCES (RKDA) ENTERS INTO BUSINESS
COMBINATION
AGREEMENT WITH ROOSEVELT RESOURCES IN ALL-STOCK TRANSACTION
    * ARCADIA BIOSCIENCES INC - ROOSEVELT OWNERS TO HOLD 90% OF
ARCADIA POST-TRANSACTION
    * ARCADIA BIOSCIENCES INC - TO CHANGE NAME TO ROOSEVELT
RESOURCES
POST-TRANSACTION
    * ARCADIA BIOSCIENCES INC - TONY ROOSEVELT TO SERVE AS CEO
OF
COMBINED ENTITY

Source text:  ID:nBw6BNmTPa 
Further company coverage:  RKDA.O 

 ((Reuters.Briefs@thomsonreuters.com;))