Arcadia Biosciences Inc. (RKDA) shares rose more than 7% in Friday’s pre-market trade after the company announced the receipt of a merger termination notice from Roosevelt Resources.

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Arcadia and Roosevelt had entered into a business combination agreement in December 2024 in the form of an all-stock transaction.

Retail sentiment on Stocktwits around Arcadia Biosciences trended in the ‘neutral’ territory at the time of writing.

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