---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-062449"
form_type: "8-K"
ticker: "RKDA"
cik: "0001469443"
company_name: "Arcadia Biosciences, Inc."
filed_at: "2024-05-20T23:59:59+00:00"
generated_at: "2026-06-01T12:34:05.538372+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Arcadia sells GoodWheat business; receives $6M promissory note, pays $2M cash at close

## Summary
- Net consideration $4M: $6M promissory note (3-yr, prime rate) from Above Food; Arcadia paid $2M cash at closing.
- Principal due $2M on each anniversary; Arcadia can elect to settle $2M for Above Food stock at 90% of 20-day VWAP.
- Pro forma 2022 net loss improves from ($15.4M) to ($8.5M); 2023 net loss from ($14.0M) to ($6.1M).
- Transaction closed May 14, 2024; security agreement grants Arcadia lien on purchased assets (excl. inventory).

## SEC filing metadata
- accession: 0000950170-24-062449
- form_type: 8-K
- ticker: RKDA
- cik: 0001469443
- company_name: Arcadia Biosciences, Inc.
- filed_at: 2024-05-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1469443/000095017024062449/0000950170-24-062449-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1469443/000095017024062449/rkda-20240514.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-062449
- JSON: https://secwatch.observer/filing/0000950170-24-062449.json
- Plain text: https://secwatch.observer/filing/0000950170-24-062449.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.