Shares of Arcadia Biosciences, Inc. (NASDAQ:RKDA) are trading higher Thursday following the company’s announcement of an all-stock merger with Roosevelt Resources LP. Here’s what you need to know.
What To Know: Under the terms of the agreement, Roosevelt will acquire a 90% equity stake in the combined entity. The transaction is expected to close in the first quarter of 2025, pending customary regulatory and shareholder approvals.
