Arcadia Biosciences Begins Trading on NASDAQ
Summary
Arcadia Biosciences, Inc., a Davis, Calif.-based agricultural biotechnology company, began trading on The NASDAQ Global Market on May 15, 2015 under the symbol “RKDA”.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.Led by Eric Rey, president and CEO, Arcadia Biosciences develops agricultural products.Its 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.
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