other material
confidence high
sentiment neutral
materiality 0.50
Arcadia Biosciences raises $4M via private placement of pre-funded warrants and options
Arcadia Biosciences, Inc.
- Sold 3.88M pre-funded warrants and Series A-1/A-2 options at $1.03 per unit, gross proceeds ~$4M.
- Pre-funded warrants exercisable at $0.0001; Series A-2 options at $0.91, immediately exercisable.
- Series A-1 options exercisable at $0.91 after stockholder approval, expire five years later.
- H.C. Wainwright acted as exclusive placement agent; 7% cash fee plus placement agent warrants.
- Net proceeds to be used for working capital and general corporate purposes; offering closed June 12, 2026.