secwatch / observer
8-K filed May 17, 2024, 7:59 PM ET ticker RKDA CIK 0001469443
M&A confidence high sentiment positive materiality 0.75

Arcadia sells resistant starch durum wheat trait to Corteva unit for $4M cash

Arcadia Biosciences, Inc.

Machine-readable event card

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Arcadia Biosciences, Inc.
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2024-05-17T23:59:59+00:00
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Source-grounded claims

2affdef0a9a28156e3a0e050106a512807fb15fa

Arcadia Biosciences, Inc. completed a disposition involving Pioneer Hi-Bred International, Inc. for $4,000,000 in cash (closed 2024-05-13).

worked to introgress the resistant starch durum wheat trait into elite germplasm lines. As consideration for the sale and license of Purchased Assets, Pioneer paid to Arcadia $4,000,000 in cash, which consideration was determined based on negotiations between the parties. The Agreement includes a number customary provisions addressing matters such as closing

SEC 8-K Item 2.01/5.01 confidence 0.9 SEC evidence

857ba4185a1a838273ac149eb0eb96a38a25cd93

Arcadia Biosciences, Inc. entered into Asset Purchase Agreement with Pioneer Hi-Bred International, Inc. valued at $4,000,000 in cash (effective 2024-05-13).

On May 13, 2024, Arcadia Biosciences, Inc. (“Arcadia”) entered into an Asset Purchase Agreement (the “Agreement”) with Pioneer Hi-Bred International, Inc. (“Pioneer”), an indirect, wholly-owned subsidiary of Corteva, Inc., pursuant to which on May 13, 2024 Arcadia sold or licensed to Pioneer certain patent and related rights associated with Arcadia’s resistant starch durum wheat trait (“Purchased Assets”).

SEC 8-K Item 1.01/1.02 confidence 0.99 SEC evidence

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Source: SEC EDGAR
accession 0000950170-24-061526

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