DAVIS, Calif.--(BUSINESS WIRE)--May 14, 2015--
Arcadia Biosciences, Inc. announced today the pricing of its initial
public offering of 8,200,000 shares of its common stock at a public
offering price of $8.00 per share. The shares are expected to begin
trading on The NASDAQ Global Market on May 15, 2015 under the symbol
“RKDA.” The offering is expected to close on May 20, 2015, subject to
customary closing conditions. In addition, Arcadia Biosciences has
granted the underwriters a 30-day option to purchase up to an additional
1,230,000 shares of common stock.
Credit Suisse Securities (USA) LLC and J.P. Morgan Securities LLC are
acting as joint lead book-running managers, and Piper Jaffray & Co. is
acting as an additional book-running manager, for the offering.
A registration statement relating to these securities has been filed
with the Securities and Exchange Commission and was declared effective
on May 14, 2015. The offering is being made only by means of a
prospectus. A copy of the final prospectus for the offering may be
obtained, when available, from Credit Suisse Securities (USA) LLC,
Attention: Prospectus Department, One Madison Avenue, New York, NY
10010, phone: (800) 221-1037, email: email@example.com;
or from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions,
1155 Long Island Avenue, Edgewood, New York 11717, phone: (866) 803-9204.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
About Arcadia Biosciences, Inc.
Based in Davis, Calif., with additional facilities in Seattle, Wash. and
Phoenix, Ariz., Arcadia Biosciences develops agricultural products that
create added value for farmers while benefiting the environment and
enhancing human health. Arcadia’s agronomic performance traits,
including Nitrogen Use Efficiency, Water Use Efficiency, Salt Tolerance,
Heat Tolerance and Herbicide Tolerance, are all aimed at making
agricultural production more economically efficient and environmentally
sound. Arcadia’s nutrition traits and products are aimed at creating
healthier ingredients and whole foods with lower production costs. For
more information, visit www.arcadiabio.com.
Source: Arcadia Biosciences, Inc.
Arcadia Biosciences, Inc.
Jeff Bergau, +1-312-217-0419