secwatch.observer — SEC 8-K summary
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Issuer:     Arcadia Biosciences, Inc. (RKDA)
CIK:        0001469443
Form:       8-K
Filed at:   2024-05-17T23:59:59+00:00
Accession:  0000950170-24-061526
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Arcadia sells resistant starch durum wheat trait to Corteva unit for $4M cash
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- Sold patent and related rights for resistant starch durum wheat trait to Pioneer Hi-Bred (Corteva) for $4M cash.
- Trait was never recorded on balance sheet; proceeds represent pure gain.
- Arcadia retains production license for GoodWheat brand pasta until Corteva's commercial launch in North America.
- Transaction closed May 13, 2024; patents include U.S. 10,246,717 and 11,649,464.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1469443/000095017024061526/0000950170-24-061526-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1469443/000095017024061526/rkda-20240513.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-061526

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer