Arcadia Biosciences to Merge With Roosevelt, Shares Surge 105%

Zacks12-09

Shares of Arcadia Biosciences RKDA surged 105% since it announced on Thursday that it signed a definitive securities exchange agreement with Roosevelt Resources LP to combine the two companies in an ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2490770801?lang=en_US&edition=fundamental","thumbnail":"https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972","is_english":true,"pubTime":"2024-12-09 23:23","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2490770801","market":"us","top_or_hot":-1,"title":"Arcadia Biosciences to Merge With Roosevelt, Shares Surge 105%","media":"Zacks","content":"<div>\n<p>Shares of Arcadia Biosciences RKDA surged 105% since it announced on Thursday that it signed a definitive securities exchange agreement with Roosevelt Resources LP to combine the two companies in an ...</p>\n\n<a href=\"https://finance.yahoo.com/news/arcadia-biosciences-merge-roosevelt-shares-152300543.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Arcadia Biosciences to Merge With Roosevelt, Shares Surge 105%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nArcadia Biosciences to Merge With Roosevelt, Shares Surge 105%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-09 23:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/arcadia-biosciences-merge-roosevelt-shares-152300543.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of Arcadia Biosciences RKDA surged 105% since it announced on Thursday that it signed a definitive securities exchange agreement with Roosevelt Resources LP to combine the two companies in an ...</p>\n\n<a href=\"https://finance.yahoo.com/news/arcadia-biosciences-merge-roosevelt-shares-152300543.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://finance.yahoo.com/news/arcadia-biosciences-merge-roosevelt-shares-152300543.html","article_id":"2490770801","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/knmT_zhl4W5gMgUMJIEvBg--~B/aD00MDA7dz02MzU7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/026a08802cd984229bb03e0aefeb2972"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2490770801","pubTimestamp":1733757780,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Shares of Arcadia Biosciences RKDA surged 105% since it announced on Thursday that it signed a definitive securities exchange agreement with Roosevelt Resources LP to combine the two companies in an all-stock transaction.Arcadia Biosciences’ Transformation to an Oil & Gas Company. Some better-ranked stocks from the basic materials space are CF Industries Inc. CF and Ingevity Corporation NGVT. While CF sports a Zacks Rank #1  at present, NGVT carries a Zacks Rank #2 . You can see the complete list of today’s Zacks #1 Rank stocks here.CF Industries has an average trailing four-quarter earnings surprise of 10.3%. The Zacks Consensus Estimate for CF’s 2024 earnings is pegged at $6.32 per share. CF’s shares gained 20.6% in the last year.Ingevity has an average trailing four-quarter earnings surprise of 95.4%. The Zacks Consensus Estimate for NGVT’s 2024 earnings is pegged at $2.55 per share. Its shares gained 25.7% in the last year.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","LU0345780950.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) ACC","LU1506573853.SGD":"MANULIFE GF GLOBAL EQUITY \"AA\" (SGD) INC","BK4189":"农产品","CF":"CF工业","BK4588":"碎股","RKDA":"阿凯迪亚生物科学","LU0630314457.HKD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (HKD) ACC","BK4093":"化肥与农用药剂","LU0345781412.USD":"NINETY ONE GSF GLOBAL NATURAL RESOURCES \"A\" (USD) INC","CTVA":"Corteva, Inc.","BK4109":"特种化学制品","BK4535":"淡马锡持仓","NGVT":"Ingevity Corporation When Issued"},"translate_title":"Arcadia Biosciences与Roosevelt合并，股价飙升105%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CF":1,"CTVA":1,"NGVT":1,"RKDA":1},"content_text":"Shares of Arcadia Biosciences RKDA surged 105% since it announced on Thursday that it signed a definitive securities exchange agreement with Roosevelt Resources LP to combine the two companies in an all-stock transaction.\nDetails of the RKDA-Roosevelt Merger\nUnder the terms of the agreement, the partners of Roosevelt will receive shares of Arcadia Biosciences common stock in exchange for their equity interests. Upon closing, the current Roosevelt equity owners and Arcadia Biosciences shareholders will own approximately 90% and 10% of Arcadia Biosciences' outstanding shares, respectively.Following the closing of the deal, the new company will be called Roosevelt Resources Inc. and is expected to trade under a new trading symbol. The new entity will be managed by the current Roosevelt management team with the assistance of one or more members of Arcadia Biosciences management.The deal is expected to close during the first quarter of 2025, subject to regulatory approvals.\nArcadia Biosciences’ Transformation to an Oil & Gas Company\nArcadia Biosciences has been conducting a thorough strategic assessment since July 2023 to identify opportunities for enhancing shareholder value.In May 2024, Arcadia Biosciences sold its GoodWheat brand to Above Food Corp. During the month, RKDA also sold its Resistant Starch (”RS”) Durum trait to Corteva Agriscience, a subsidiary of Corteva CTVA. The company received $4.0 million in cash from Corteva.\nRoosevelt is a privately held oil and gas company based in Texas. Its primary asset is a 16,208-acre CCUS project in the Texas Permian Basin, planned for development as an EOR project with anticipated peak production of 55,000 gross barrels of oil equivalent per day by 2051.Arcadia Biosciences will capitalize on Roosevelt’s vast oil and gas assets, particularly its CCUS project. The new entity marks a significant strategic shift for Arcadia Biosciences, transitioning from an agricultural biotech to an oil and gas company.The combined businesses will enhance shareholder value and streamline operations.\nRKDA Stock’s Price Performance\nRKDA’s shares have gained 93.2% over the past year compared with the industry's 4.5% growth.\nImage Source: Zacks Investment Research\nArcadia Biosciences’ Zacks Rank & Stocks to Consider\nRKDA currently carries a Zacks Rank #3 (Hold).\nSome better-ranked stocks from the basic materials space are CF Industries Inc. CF and Ingevity Corporation NGVT. While CF sports a Zacks Rank #1 (Strong Buy) at present, NGVT carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.CF Industries has an average trailing four-quarter earnings surprise of 10.3%. The Zacks Consensus Estimate for CF’s 2024 earnings is pegged at $6.32 per share. CF’s shares gained 20.6% in the last year.Ingevity has an average trailing four-quarter earnings surprise of 95.4%. The Zacks Consensus Estimate for NGVT’s 2024 earnings is pegged at $2.55 per share. Its shares gained 25.7% in the last year.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nCF Industries Holdings, Inc. (CF) : Free Stock Analysis Report\nArcadia Biosciences, Inc. (RKDA) : Free Stock Analysis Report\nIngevity Corporation (NGVT) : Free Stock Analysis Report\nCorteva, Inc. (CTVA) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2490770801"}