ARCADIA BIOSCIENCES INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Merger of Arcadia Biosciences, Inc. - RKDA
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Kahn Swick & Foti, LLC is investigating the proposed merger between Arcadia Biosciences, Inc. and Roosevelt Resources LP. Arcadia stockholders are expected to own about 10% of the combined company post-merger.
December 11, 2024 | 2:45 am
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Arcadia Biosciences is under investigation by Kahn Swick & Foti, LLC regarding its merger with Roosevelt Resources. Arcadia shareholders will own 10% of the new company.
The investigation by a law firm into the merger process could lead to legal challenges or delays, potentially affecting Arcadia's stock negatively in the short term. The fact that Arcadia shareholders will only own 10% of the new entity might also be seen as unfavorable by investors.
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