The deal is off; Roosevelt terminates merger deal with Arcadia Biosciences (NASDAQ: RKDA)

Arcadia Biosciences Inc (NASDAQ: RKDA) stock rose 9% in premarket trading after the company announced that Roosevelt Resources, LP has terminated their Securities Exchange Agreement dated December 4, 2024.

The agreement, which had outlined a proposed business combination between the two companies, was terminated by Roosevelt on December 24, 2025, according to the terms of the agreement.

Following this development, Arcadia CEO T.J. Schaefer stated that the company will “resume the process of evaluating strategic alternatives in order to create value for our shareholders.”

Schaefer highlighted the company’s operational achievements over the past two-and-a-half years, including streamlining operations, reducing operating expenses, and growing the Zola coconut water brand without taking on long-term debt.

The wellness products company noted that it continues to hold approximately 2.7 million shares of Above Food Ingredients Inc. common stock and believes it is entitled to additional consideration related to its May 2024 sale of GoodWheat.

Arcadia’s management expressed confidence that these assets, combined with its Nasdaq listing and Zola business, make the company an attractive candidate for future strategic transactions.