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SEC Comment Letters
Company Responses
Letter Text
Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
↓
Arcadia Biosciences, Inc.
Orphan - no UPLOAD in window
1 company response(s)
Low - unmatched response
Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2023-04-10
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2023-04-10
Generating summary...
↓
Arcadia Biosciences, Inc.
Orphan - no UPLOAD in window
1 company response(s)
Low - unmatched response
Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2022-10-03
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2022-10-03
Generating summary...
↓
Company responded
2022-10-04
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2022-10-04
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Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2022-04-27
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2022-04-27
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Company responded
2022-05-10
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2022-05-10
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Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2022-02-02
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2022-02-02
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Company responded
2022-02-03
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2022-02-03
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Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2021-02-05
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2021-02-05
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Company responded
2021-02-09
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2021-02-09
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Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2020-07-08
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2020-07-08
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Company responded
2020-09-01
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2020-09-01
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Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2019-12-17
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2019-12-17
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Company responded
2019-12-18
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2019-12-18
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Arcadia Biosciences, Inc.
Response Received
2 company response(s)
High - file number match
SEC wrote to company
2019-08-06
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2019-08-06
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Company responded
2019-08-21
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2019-08-21
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Company responded
2019-08-26
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2019-08-26
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Arcadia Biosciences, Inc.
Response Received
1 company response(s)
High - file number match
SEC wrote to company
2019-02-08
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2019-02-08
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Company responded
2019-02-13
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2019-02-13
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Arcadia Biosciences, Inc.
Response Received
2 company response(s)
High - file number match
SEC wrote to company
2018-05-24
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2018-05-24
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Company responded
2018-05-29
Arcadia Biosciences, Inc.
References: May 24, 2018
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2018-05-29
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Company responded
2018-06-06
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2018-06-06
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Arcadia Biosciences, Inc.
Response Received
6 company response(s)
High - file number match
SEC wrote to company
2015-03-02
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2015-03-02
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Company responded
2015-04-03
Arcadia Biosciences, Inc.
References: March 2, 2015
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2015-04-03
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Company responded
2015-04-30
Arcadia Biosciences, Inc.
References: April 10, 2015
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2015-04-30
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Company responded
2015-05-08
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2015-05-08
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Company responded
2015-05-11
Arcadia Biosciences, Inc.
References: May 8, 2015
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2015-05-11
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Company responded
2015-05-13
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2015-05-13
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Company responded
2015-05-14
Arcadia Biosciences, Inc.
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2015-05-14
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Arcadia Biosciences, Inc.
Awaiting Response
0 company response(s)
High
SEC wrote to company
2015-05-08
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2015-05-08
Generating summary...
Arcadia Biosciences, Inc.
Awaiting Response
0 company response(s)
Medium
SEC wrote to company
2015-04-10
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2015-04-10
Generating summary...
Arcadia Biosciences, Inc.
Response Received
1 company response(s)
Medium - date proximity
SEC wrote to company
2014-12-30
Arcadia Biosciences, Inc.
References: December 5, 2014
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2014-12-30
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Company responded
2015-02-23
Arcadia Biosciences, Inc.
References: December 30, 2014
Filing - Correspondence from Arcadia Biosciences, Inc.
CORRESP · 2015-02-23
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Arcadia Biosciences, Inc.
Awaiting Response
0 company response(s)
Medium
SEC wrote to company
2014-12-08
Arcadia Biosciences, Inc.
Filing - SEC Comment Letter to Arcadia Biosciences, Inc.
UPLOAD · 2014-12-08
Generating summary...
Summary
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2026-02-05 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | 333-292993 | Read Filing View |
| 2026-02-05 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2026-01-27 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2023-04-13 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2023-04-10 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2023-04-03 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-10-04 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-10-03 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-05-10 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-04-27 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-02-03 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-02-02 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2021-02-09 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2021-02-05 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2020-09-01 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2020-07-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-12-18 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-12-17 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-08-26 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-08-21 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-08-06 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-02-13 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-02-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2018-06-06 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2018-05-29 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2018-05-24 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-14 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-13 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-11 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-08 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-04-30 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-04-10 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-04-03 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-03-02 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-02-23 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2014-12-30 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2014-12-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2026-02-05 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | 333-292993 | Read Filing View |
| 2023-04-10 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-10-03 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-04-27 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-02-02 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2021-02-05 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2020-07-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-12-17 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-08-06 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-02-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2018-05-24 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-04-10 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-03-02 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2014-12-30 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2014-12-08 | SEC Comment Letter | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2026-02-05 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2026-01-27 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2023-04-13 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2023-04-03 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-10-04 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-05-10 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2022-02-03 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2021-02-09 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2020-09-01 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-12-18 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-08-26 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-08-21 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2019-02-13 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2018-06-06 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2018-05-29 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-14 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-13 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-11 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-05-08 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-04-30 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-04-03 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
| 2015-02-23 | Company Response | Arcadia Biosciences, Inc. | DE | N/A | Read Filing View |
2026-02-05 - UPLOAD - Arcadia Biosciences, Inc. File: 333-292993
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> February 5, 2026 Thomas Schaefer Chief Executive Officer Arcadia Biosciences, Inc. 5956 Sherry Lane, Suite 2000 Dallas, TX 75225 Re: Arcadia Biosciences, Inc. Registration Statement on Form S-3 Filed January 28, 2026 File No. 333-292993 Dear Thomas Schaefer: This is to advise you that we have not reviewed and will not review your registration statement. Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Liz Packebusch at 202-551-8749 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation cc: C. Kevin Kelso, Esq. </TEXT> </DOCUMENT>
2026-02-05 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm CORRESP Arcadia Biosciences, Inc. 5956 Sherry Lane, Suite 2000 Dallas, TX 75225 February 5, 2026 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance Office of Energy & Transportation 100 F Street, N.E. Washington, D.C. 20549 Attn: Liz Packebusch, Esq. Re: Arcadia Biosciences, Inc. Registration Statement on Form S-3 (No. 333-292993) Filed on January 28, 2026 Acceleration Request Requested Date: February 10, 2026 Requested Time: 5:00 P.M. Eastern Time Ladies and Gentlemen: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, the undersigned registrant Arcadia Biosciences, Inc. (the "Company") hereby requests that the Securities and Exchange Commission take appropriate action to accelerate the effective date of the above-referenced Registration Statement on Form S-3 (File No. 333-292993) (the “Registration Statement”) and declare such Registration Statement effective as of Tuesday, February 10, 2026, at 5:00 p.m., Eastern Time, or as soon thereafter as possible, or at such later time as the Company or its outside counsel, Weintraub Tobin, may orally request via telephone call to the Staff. In making this acceleration request, the Company acknowledges that it is aware of its obligations under the Securities Act of 1933, as amended. Please direct any questions or comments concerning this request to Kevin Kelso of Weintraub Tobin, at (916) 558-6110. Also, please orally notify Mr. Kelso when the Registration Statement has been declared effective. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Thomas J. Schaefer Name: Thomas J. Schaefer Title: Chief Executive Officer
2026-01-27 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm CORRESP January 27, 2026 Securities and Exchange Commission 100 F Street, NE Washington, DC 20549 Attn: Filing Desk Re: Arcadia Biosciences, Inc. Registration Statement on Form S-3 Ladies and Gentlemen: On behalf of Arcadia Biosciences, Inc. (the “Company”), we submit for filing under the Securities Act of 1933, as amended (the “Act”), a Registration Statement on Form S-3 covering the possible resale by certain selling shareholders of shares of the Company’s Common Stock, pursuant to Rule 415 of the Act, together with certain exhibits thereto. The Company’s common stock is listed on the Nasdaq Capital Market. This filing is being effected by EDGAR. Please note that the Company has wired the filing fee to the account of the Securities and Exchange Commission. T Please call the undersigned at (916) 558-6110, or email the undersigned at kkelso@weintraub.com, with any questions or comments. WEINTRAUB TOBIN CHEDIAK COLEMAN GRODIN Law Corporation /s/ C. Kevin Kelso C. Kevin Kelso
2023-04-13 - CORRESP - Arcadia Biosciences, Inc.
CORRESP
1
filename1.htm
CORRESP
Arcadia Biosciences, Inc.
5950 Sherry Lane, Suite 215
Dallas, TX 75225
April 13, 2023
VIA EDGAR
Securities and Exchange Commission
Division of Corporation Finance
Office of Industrial Applications and Services
100 F Street, N.E.
Washington, D.C. 20549
Attention: Conlon Danberg
Re: Arcadia Biosciences, Inc.
Registration Statement on Form S-3 (No. 333-271082)
Request for Acceleration
Dear Mr. Danberg:
Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. hereby requests that the effective date of its Registration Statement on Form S-3 (File No. 333-271082) be accelerated so that the same will become effective at 5:00 p.m., Eastern Time, on Monday, April 17, 2023, or as soon thereafter as practicable.
If you have any questions regarding this request or the Registration Statement, please call our counsel Jeff Pietsch of Weintraub Tobin, at (916) 558-6118.
Very truly yours,
Arcadia Biosciences, Inc.
By: /s/ Thomas J. Schaefer
Thomas J. Schaefer
Chief Financial Officer
2023-04-10 - UPLOAD - Arcadia Biosciences, Inc.
United States securities and exchange commission logo
April 10, 2023
Stanley E. Jacot, Jr.
President and Chief Executive Officer
Arcadia Biosciences, Inc.
5950 Sherry Lane, Suite 215
Dallas, TX 75225
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-3
Filed April 3, 2023
File No. 333-271082
Dear Stanley E. Jacot:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Conlon Danberg at 202-551-4466 with any questions.
Sincerely,
Division of Corporation Finance
Office of Industrial Applications and
Services
cc: Jeffrey Pietsch, Esq.
2023-04-03 - CORRESP - Arcadia Biosciences, Inc.
CORRESP
1
filename1.htm
CORRESP
April 3, 2023
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549
Attn: Filing Desk
Re: Arcadia Biosciences, Inc.
Registration Statement on Form S-3
Ladies and Gentlemen:
On behalf of Arcadia Biosciences, Inc. (the “Company”), we submit for filing under the Securities Act of 1933, as amended (the “Act”), a Registration Statement on Form S-3 covering the possible resale by certain selling shareholders of shares of the Company’s Common Stock, pursuant to Rule 415 of the Act, together with certain exhibits thereto. The Company’s common stock is listed on the Nasdaq Capital Market.
This filing is being effected by EDGAR. Please note that the Company has wired the filing fee to the account of the Securities and Exchange Commission. The Company does not intend to request acceleration of the effective date of the Registration Statement until the Company has filed an amendment to its Annual Report on Form 10-K for the year ended December 31, 2022 that contains the information required in Part III of Form 10-K.
Please call the undersigned at (415) 772-9611, with any questions or comments.
WEINTRAUB TOBIN CHEDIAK COLEMAN GRODIN
Law Corporation
/s/ Jeff Pietsch
Jeff Pietsch
{2226597.DOC;2}
2022-10-04 - CORRESP - Arcadia Biosciences, Inc.
CORRESP
1
filename1.htm
CORRESP
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
October 4, 2022
VIA EDGAR
Securities and Exchange Commission
Division of Corporation Finance
Office of Life Sciences
100 F Street, N.E.
Washington, D.C. 20549
Attention: Cindy Polynice
Re: Arcadia Biosciences, Inc.
Registration Statement on Form S-1 (No. 333-267637)
Request for Acceleration
Dear Ms. Polynice:
Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. hereby requests that the effective date of its Registration Statement on Form S-1 (File No. 333-267637) be accelerated so that the same will become effective at 4:00 p.m., Eastern Time, on Wednesday, October 5, 2022, or as soon thereafter as practicable.
If you have any questions regarding this request or the Registration Statement, please call our counsel Mike De Angelis of Weintraub Tobin, at (916) 558-6164.
Very truly yours,
Arcadia Biosciences, Inc.
By:/s/ Pam Haley
Pam Haley
Chief Financial Officer
2022-10-03 - UPLOAD - Arcadia Biosciences, Inc.
United States securities and exchange commission logo
October 3, 2022
Stanley Jacot, Jr.
President and Chief Executive Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-1
Filed September 27, 2022
File No. 333-267637
Dear Stanley Jacot, Jr.:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Cindy Polynice at 202-551-8707 with any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Mike DeAngelis
2022-05-10 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm CORRESP Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 105 Davis, CA 95618 May 10, 2022 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance Office of Life Sciences 100 F Street, N.E. Washington, D.C. 20549 Attention: Celeste Murphy Re: Arcadia Biosciences, Inc. Registration Statement on Form S-3 (No. 333-264425) Request for Acceleration Dear Celeste Murphy: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. hereby requests that the effective date of its Registration Statement on Form S-3 (File No. 333-264425) be accelerated so that the same will become effective at 4:00 p.m., Eastern Time, on Thursday, May 12, 2022, or as soon thereafter as practicable. If you have any questions regarding this request or the Registration Statement, please call our counsel Mike De Angelis of Weintraub Tobin, at (916) 558-6164. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Pam Haley Pam Haley Chief Financial Officer
2022-04-27 - UPLOAD - Arcadia Biosciences, Inc.
United States securities and exchange commission logo
April 27, 2022
Stanley Jacot, Jr.
President and Chief Executive Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-3
Filed April 21, 2022
File No. 333-264425
Dear Mr. Jacot:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Michael Davis at 202-551-4385 or Celeste Murphy at 202-551-3257 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Jeff Pietsch
2022-02-03 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm CORRESP Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 105 Davis, CA 95618 February 3, 2022 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance Office of Life Sciences 100 F Street, N.E. Washington, D.C. 20549 Attention: Tim Buchmiller Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 (No. 333-262407) Request for Acceleration Dear Mr. Buchmiller: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. hereby requests that the effective date of its Registration Statement on Form S-1 (File No. 333-262407) be accelerated so that the same will become effective at 4:00 p.m., Eastern Time, on Wednesday, February 9, 2022, or as soon thereafter as practicable. If you have any questions regarding this request or the Registration Statement, please call our counsel Jeff Pietsch of Weintraub Tobin, at (916) 558-6118. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Pam Haley Pam Haley, Chief Financial Officer
2022-02-02 - UPLOAD - Arcadia Biosciences, Inc.
United States securities and exchange commission logo
February 1, 2022
Pam Haley
Chief Financial Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-1
Filed January 28, 2022
File No. 333-262407
Dear Ms. Haley:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Tim Buchmiller at (202) 551-3635 with any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Jeffrey Pietsch, Esq.
2021-02-09 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm rkda-corresp.htm Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 105 Davis, CA 95618 February 9, 2021 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention:Jordan Metoyer Re: Arcadia Biosciences, Inc. Registration Statement on Form S-3 (No. 333-252659) Request for Acceleration Dear Jordan Metoyer: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. hereby requests that the effective date of its Registration Statement on Form S-3 (File No. 333-252659) be accelerated so that the same will become effective at 5:00 p.m., Eastern Time, on Thursday, February 11, 2021, or as soon thereafter as practicable. If you have any questions regarding this request or the Registration Statement, please call our counsel Mike De Angelis of Weintraub Tobin, at (916) 558-6164. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Pam Haley Pam Haley Chief Financial Officer
2021-02-05 - UPLOAD - Arcadia Biosciences, Inc.
United States securities and exchange commission logo
February 5, 2021
Matthew T. Plavan
President and Chief Executive Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-3
Filed February 2, 2021
File No. 333-252659
Dear Mr. Plavan:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Jordan Metoyer at 202-551-6001 or Tim Buchmiller at 202-551-3635 with
any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Michael De Angelis, Esq.
2020-09-01 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm rkda-corresp.htm Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 200 Davis, CA 95618 September 1, 2020 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention:Deanna Virginio Re: Arcadia Biosciences, Inc. Registration Statement on Form S-3 (No. 333-239641) Request for Acceleration Dear Ms. Virginio: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. hereby requests that the effective date of its Registration Statement on Form S-3 (File No. 333-239641) be accelerated so that the same will become effective at 4:00 p.m., Eastern Time, on Thursday, September 3, 2020, or as soon thereafter as practicable. If you have any questions regarding this request or the Registration Statement, please call our counsel Jeff Pietsch of Weintraub Tobin, at (415) 772-9611. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Pam Haley Pam Haley Chief Financial Officer
2020-07-08 - UPLOAD - Arcadia Biosciences, Inc.
United States securities and exchange commission logo
July 8, 2020
Pamela Haley
Chief Financial Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-3
Filed July 2, 2020
File No. 333-239641
Dear Ms. Haley:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Deanna Virginio at 202-551-4530 with any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Michael De Angelis, Esq.
2019-12-18 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm rkda-corresp.htm Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 200 Davis, CA 95618 December 18, 2019 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention:Ada D. Sarmento Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 (No. 333-235446) Request for Acceleration Dear Ms. Sarmento: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. hereby requests that the effective date of its Registration Statement on Form S-1 (File No. 333-235446) be accelerated so that the same will become effective at 4:00 p.m., Eastern Time, on Friday, December 20, 2019, or as soon thereafter as practicable. If you have any questions regarding this request or the Registration Statement, please call our counsel Mike De Angelis of Weintraub Tobin, at (916) 558-6164. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Pam Haley Pam Haley Chief Financial Officer
2019-12-17 - UPLOAD - Arcadia Biosciences, Inc.
December 17, 2019
Matthew T. Plavan
Chief Executive Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-1
Filed December 11, 2019
File No. 333-235446
Dear Mr. Plavan:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Ada D. Sarmento at 202-551-3798 with any questions.
Sincerely,
Division of Corporation Finance
Office of Life Sciences
cc: Michael De Angelis, Esq.
2019-08-26 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm Acceleration Request Letter Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 200 Davis, CA 95618 August 26, 2019 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention: J. Nolan McWilliams Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 (No. 333-232858) Request for Acceleration Dear Mr. McWilliams: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. (the “Company”) hereby requests that the effective date of its Registration Statement on Form S-1 (File No. 333-232858) be accelerated so that the same will become effective at 4:00 p.m., Eastern Time, on Tuesday, August 27, 2019, or as soon thereafter as practicable. The Company hereby acknowledges the following: (i) should the Commission or the Staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; (ii) the action of the Commission or the Staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and (iii) the Company may not assert Staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. If you have any questions regarding this request or the Registration Statement, please call our counsel Mike De Angelis of Weintraub Tobin, at (916) 558-6164. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Matthew T. Plavan Matthew T. Plavan Chief Financial Officer
2019-08-21 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm CORRESP August 21, 2019 Via EDGAR Division of Corporation Finance Office of Transportation and Leisure United States Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attention: Laura Nicholson and J. Nolan McWilliams Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 Filed July 26, 2019 File No. 333-232858 Dear Ms. Nicholson and Mr. McWilliams: This letter is submitted on behalf of Arcadia Biosciences, Inc. (the “Company”) in response to the comment letter (“Comment Letter”) dated August 6, 2019 issued by the Staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) with respect to the above-referenced registration statement on Form S-1 (“Registration Statement”), filed by the Company with the Commission on July 26, 2019. The Company is concurrently filing Amendment No. 1 to the Registration Statement (“Amendment No. 1”), which includes changes to reflect responses to the Staff’s comments and other updates. For reference purposes, the Staff’s comment, as reflected in the Comment Letter, is reproduced below, and the corresponding response of the Company follows the text of such comment. Form S-1 Description of Our Capital Stock. page 5 1. Refer to Article X Paragraph F of your Amended and Restated Certificate of Incorporation, which identifies the Court of Chancery of the State of Delaware as the exclusive forum for certain litigation, including “any derivative action.” Please describe here the exclusive forum provision and disclose whether this provision applies to actions arising under the Securities Act or Exchange Act. We note in this regard that Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder, and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. To the extent this provision applies to claims under the Securities Act, please add a risk factor describing the attendant risks, and state in the prospectus that there is uncertainty whether a court would enforce the provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. Response: In response to the Staff’s comment, the Company has revised the disclosure on page 7 of Amendment No. 1. Please contact me at (916) 558-6164 if you have any questions or require any additional information in connection with this letter or Amendment No. 1. Very truly yours, /s/ Michael De Angelis Michael De Angelis cc: Matthew Plavan (Arcadia Biosciences, Inc.)
2019-08-06 - UPLOAD - Arcadia Biosciences, Inc.
August 6, 2019
Rajendra Ketkar
President and Chief Executive Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-1
Filed July 26, 2019
File No. 333-232858
Dear Mr. Ketkar:
We have limited our review of your registration statement to those issues we have
addressed in our comments. In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Form S-1
Description of Our Capital Stock, page 5
1.Refer to Article X, Paragraph F of your Amended and Restated Certificate of
Incorporation, which identifies the Court of Chancery of the State of Delaware as the
exclusive forum for certain litigation, including "any derivative action." Please describe
here the exclusive forum provision and disclose whether this provision applies to actions
arising under the Securities Act or Exchange Act. We note in this regard that Section 27
of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce
any duty or liability created by the Exchange Act or the rules and regulations thereunder,
and Section 22 of the Securities Act creates concurrent jurisdiction for federal and state
courts over all suits brought to enforce any duty or liability created by the Securities Act
or the rules and regulations thereunder. To the extent this provision applies to claims
FirstName LastNameRajendra Ketkar
Comapany NameArcadia Biosciences, Inc.
August 6, 2019 Page 2
FirstName LastName
Rajendra Ketkar
Arcadia Biosciences, Inc.
August 6, 2019
Page 2
under the Securities Act, please add a risk factor describing the attendant risks, and state
in the prospectus that there is uncertainty whether a court would enforce the provision and
that investors cannot waive compliance with the federal securities laws and the rules and
regulations thereunder.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
Please contact J. Nolan McWilliams, Attorney-Advisor, at (202) 551-3217 or Laura
Nicholson, Special Counsel, at (202) 551-3584 with any questions you may have.
Sincerely,
Division of Corporation Finance
Office of Transportation and Leisure
cc: Mike DeAngelis, Esq.
2019-02-13 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm CORRESP Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 200 Davis, CA 95618 February 13, 2019 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention: John Dana Brown Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 (No. 333-229047) Request for Acceleration Dear Mr. Brown: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. (the “Company”) hereby requests that the effective date of its Registration Statement on Form S-1 (File No. 333-229047) be accelerated so that the same will become effective at 5:00 p.m., Eastern Time, on Thursday, February 14, 2019, or as soon thereafter as practicable. The Company hereby acknowledges the following: (i) should the Commission or the Staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; (ii) the action of the Commission or the Staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and (iii) the Company may not assert Staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. If you have any questions regarding this request or the Registration Statement, please call our counsel Mike De Angelis of Weintraub Tobin, at (916) 558-6164. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Matthew T. Plavan Matthew T. Plavan Chief Financial Officer
2019-02-08 - UPLOAD - Arcadia Biosciences, Inc.
February 6, 2019
Rajendra Ketkar
President and Chief Executive Officer
Arcadia Biosciences, Inc.
202 Cousteau Place
Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-1
Filed December 27, 2018
File No. 333-229047
Dear Mr. Ketkar:
This is to advise you that we have not reviewed and will not review your registration
statement.
Please refer to Rules 460 and 461 regarding requests for acceleration. We remind you
that the company and its management are responsible for the accuracy and adequacy of their
disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact John Dana Brown at 202-551-3859 with any questions.
Sincerely,
Division of Corporation Finance
Office of Transportation and Leisure
2018-06-06 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm CORRESP June 6, 2018 VIA EDGAR Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, D.C. 20549 Attention: Sonia Bednarowski Re: Arcadia Biosciences, Inc. Registration Statement on Form S-3 (No. 333-224893) Request for Acceleration Dear Ms. Bednarowski: Pursuant to Rule 461 promulgated under the Securities Act of 1933, as amended, Arcadia Biosciences, Inc. (the “Company”) hereby requests that the effective date of its Registration Statement on Form S-3 (File No. 333-224893) be accelerated so that the same will become effective at 5:00 p.m., Eastern Time, on Friday, June 8, 2018, or as soon thereafter as practicable. The Company hereby acknowledges the following: (i) should the Commission or the Staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; (ii) the action of the Commission or the Staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and (iii) the Company may not assert Staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. If you have any questions regarding this request or the Registration Statement, please call our counsel Jeff Pietsch of Weintraub Tobin, at (415) 772-9611. Very truly yours, Arcadia Biosciences, Inc. By: /s/ Matthew T. Plavan Matthew T. Plavan Chief Financial Officer
2018-05-29 - CORRESP - Arcadia Biosciences, Inc.
CORRESP
1
filename1.htm
CORRESP
May 29, 2018
Via
EDGAR
United States Securities and Exchange Commission
Division of Corporation Finance
100 F Street, N.E.
Washington, D.C. 20549
Attention:
Sonia Bednarowski and Nolan McWilliams
Re:
Arcadia Biosciences, Inc.
SEC Comment Letter dated May 24, 2018
Registration Statement on Form S-3
File No. 333-224893
Dear Ms. Bednarowski and
Mr. McWilliams:
This letter is submitted on behalf of Arcadia Biosciences, Inc. (the “Company”) in response to the comment
letter (“Comment Letter”) dated May 24, 2018 issued by the Staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) with respect to the above-referenced registration statement on Form S-3
(“Registration Statement”), filed by the Company with the Commission on May 11, 2018.
For reference purposes, the Staff’s
comment, as reflected in the Comment Letter, is reproduced below, and the corresponding response of the Company follows the text of such comment.
General
1.
Please provide the basis for your conclusion that you are eligible to conduct a primary offering under General Instruction I.B.1 of Form S-3. Alternatively, to the extent you
intend to rely on General Instruction I.B.6 of Form S-3, please include the information required by Instruction 7 on the prospectus cover page.
Response to Comment 1:
The Company
advises the Staff that it is eligible to register securities on the Registration Statement pursuant to General Instruction I.B.1 of Form S-3 because the aggregate market value of its voting and non-voting
common equity held by non-affiliates, computed by using the price
at which the Company’s common stock was last sold as of a date within 60 days prior to the date of filing of
the Registration Statement with the Commission, exceeded $75 million. On May 11, 2018, the Company had 3,382,019 shares of the Company’s common stock outstanding, of which 1,587,703 shares were held by affiliates. In addition, the closing
price of the Company’s common stock on the NASDAQ Capital Market on March 14, 2018 (a date within 60 days prior to May 11, 2018) was $47.99. Therefore, the aggregate market value of the Company’s common stock held by non-affiliates on the date the Company filed the Registration Statement with the Commission was $86,109,224 (1,794,316 shares of common stock held by non-affiliates, times
$47.99 per share), making the Company eligible to use Form S-3 pursuant to General Instruction I.B.1.
We hope that the foregoing has been responsive to the Staff’s comment. If you should have any questions about this letter or require any
further information, please call the undersigned at (916) 558-6164.
Very truly yours,
/s/ Michael De Angelis
Michael De Angelis
cc: Matthew Plavan (Arcadia Biosciences, Inc.)
Page 2
2018-05-24 - UPLOAD - Arcadia Biosciences, Inc.
May 24, 2018
Matthew Plavan
Chief Financial Officer
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 105
Davis, CA 95618
Re:Arcadia Biosciences, Inc.
Registration Statement on Form S-3
Filed May 11, 2018
File No. 333-224893
Dear Mr. Plavan:
We have limited our review of your registration statement to those issues we have
addressed in our comments. In some of our comments, we may ask you to provide us with
information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the
requested information. If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Registration Statement on Form S-3
General
1.Please provide the basis for your conclusion that you are eligible to conduct a primary
offering under General Instruction I.B.1 of Form S-3. Alternatively, to the extent you
intend to rely on General Instruction I.B.6 of Form S-3, please include the information
required by Instruction 7 on the prospectus cover page.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
FirstName LastNameMatthew Plavan
Comapany NameArcadia Biosciences, Inc.
May 24, 2018 Page 2
FirstName LastName
Matthew Plavan
Arcadia Biosciences, Inc.
May 24, 2018
Page 2
Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
Please contact Sonia Bednarowski at 202-551-3666 or Nolan McWilliams at 202-551-
3217 with any questions.
Division of Corporation Finance
Office of Transportation and Leisure
2015-05-14 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm ARCADIA BIOSCIENCES, INC. 202 Cousteau Place, Suite 105 Davis, CA 95618 May 14, 2015 VIA EDGAR U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Anne Nguyen Parker, Assistant Director Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. — 3rd Acceleration Request Acceleration Request Requested Date: May 14, 2015 Requested Time: 4:30 p.m. Eastern Time Ladies and Gentlemen: Arcadia Biosciences, Inc. (the “Company”) hereby requests that the Securities and Exchange Commission (the “Commission”) take appropriate action to declare the Company’s Registration Statement on Form S-1 (File No. 333-202124), as amended, effective at the “Requested Date” and “Requested Time” set forth above or as soon thereafter as practicable. The Company hereby authorizes Karen A. Dempsey or Christopher J. Austin, both of whom are attorneys with the Company’s outside legal counsel, Orrick, Herrington & Sutcliffe LLP, to orally modify or withdraw this request for acceleration. The Company also confirms that its prior request for acceleration, which was submitted to be effective at 9:00 a.m. Eastern Time on May 14th, was orally withdrawn by Ms. Dempsey prior to the Staff declaring the Registration Statement effective. In connection with this acceleration request, the Company hereby acknowledges that: · should the Commission or the staff of the Commission, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; · the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and · the Company may not assert the staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. The Company requests that it be notified of such effectiveness by a telephone call to Ms. Dempsey at (415) 773-4140, or in her absence, Mr. Austin at (212) 506-5234. [Signature page follows] Sincerely, ARCADIA BIOSCIENCES, INC. By: /s/ Wendy S. Neal Name: Wendy S. Neal Title: Vice President & Chief Legal Officer cc: Eric J. Rey, Arcadia Biosciences, Inc. Karen A. Dempsey, Orrick, Herrington & Sutcliffe, LLP Christopher J. Austin, Orrick, Herrington & Sutcliffe, LLP Andrew S. Williamson, Cooley LLP May 14, 2015 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, DC 20549 Attention: Anne Nguyen Parker Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 (File No. 333-202124) Ladies and Gentlemen: We hereby join the Company in requesting withdrawal of our previous request for acceleration of the above-referenced Registration Statement, which was dated May 13, 2015. Pursuant to Rule 460 of the General Rules and Regulations under the Securities Act of 1933, as amended, we wish to advise that between April 30, 2015 and the date thereof, we distributed approximately 3,397 copies of the Preliminary Prospectus dated April 30, 2015 to prospective underwriters, institutional investors and prospective dealers in connection with the above-captioned Registration Statement, and on May 14, 2015, we distributed approximately 350 copies of the Preliminary Prospectus dated May 14, 2015 to prospective underwriters, institutional investors and prospective dealers in connection with the above-captioned Registration Statement. We wish to advise you that the participating underwriters have complied and will continue to comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended. We hereby join in the request of the registrant that the effectiveness of the above-captioned Registration Statement, as amended, be accelerated to 4:30 p.m. Eastern Time, on Thursday, May 14, 2015 or as soon thereafter as practicable. [signature page follows] Very truly yours, Credit Suisse Securities (USA) LLC J.P. Morgan Securities LLC As representatives of the several underwriters Credit Suisse Securities (USA) LLC By: /s/ John M. Traugott Authorized Signatory J.P. Morgan Securities LLC By: /s/ Geoff Paul Authorized Signatory [Signature Page to Acceleration Request of the Underwriters]
2015-05-13 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm ARCADIA BIOSCIENCES, INC. 202 Cousteau Place, Suite 105 Davis, CA 95618 May 13, 2015 VIA EDGAR U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Anne Nguyen Parker, Assistant Director Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. – 2nd Acceleration Request Acceleration Request Requested Date: May 14, 2015 Requested Time: 9:00 a.m. Eastern Time Ladies and Gentlemen: Arcadia Biosciences, Inc. (the “Company”) hereby requests that the Securities and Exchange Commission (the “Commission”) take appropriate action to declare the Company’s Registration Statement on Form S-1 (File No. 333-202124), as amended, effective at the “Requested Date” and “Requested Time” set forth above or as soon thereafter as practicable. The Company hereby authorizes Karen A. Dempsey or Christopher J. Austin, both of whom are attorneys with the Company’s outside legal counsel, Orrick, Herrington & Sutcliffe LLP, to orally modify or withdraw this request for acceleration. The Company also confirms that its prior request for acceleration that was submitted was orally withdrawn by Ms. Dempsey on May 12th at approximately 4:00 pm ET prior to the Staff declaring the Registration Statement effective. In connection with this acceleration request, the Company hereby acknowledges that: · should the Commission or the staff of the Commission, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; · the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and · the Company may not assert the staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. The Company requests that it be notified of such effectiveness by a telephone call to Ms. Dempsey at (415) 773-4140, or in her absence, Mr. Austin at (212) 506-5234. [Signature page follows] Sincerely, ARCADIA BIOSCIENCES, INC. By: /s/ Wendy S. Neal Name: Wendy S. Neal Title: Vice President & Chief Legal Officer cc: Eric J. Rey, Arcadia Biosciences, Inc. Karen A. Dempsey, Orrick, Herrington & Sutcliffe, LLP Christopher J. Austin, Orrick, Herrington & Sutcliffe, LLP Andrew S. Williamson, Cooley LLP May 13, 2015 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, DC 20549 Attention: Anne Nguyen Parker Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 (File No. 333-202124) Ladies and Gentlemen: We hereby join the Company in requesting withdrawal of our previous request for acceleration of the above-referenced Registration Statement, which was dated May 8, 2015. Pursuant to Rule 460 of the General Rules and Regulations under the Securities Act of 1933, as amended, we wish to advise that between April 30, 2015 and the date thereof, we distributed approximately 3,397 copies of the Preliminary Prospectus dated April 30, 2015 to prospective underwriters, institutional investors and prospective dealers in connection with the above-captioned Registration Statement, and on May 13, 2015, we expect to distribute approximately 350 copies of the Preliminary Prospectus dated May 13, 2015 to prospective underwriters, institutional investors and prospective dealers in connection with the above-captioned Registration Statement. We wish to advise you that the participating underwriters have complied and will continue to comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended. We hereby join in the request of the registrant that the effectiveness of the above-captioned Registration Statement, as amended, be accelerated to 9:00 a.m. Eastern Time, on Thursday, May 14, 2015 or as soon thereafter as practicable. [signature page follows] Very truly yours, Credit Suisse Securities (USA) LLC J.P. Morgan Securities LLC As representatives of the several underwriters Credit Suisse Securities (USA) LLC By: /s/ John M. Traugott Authorized Signatory J.P. Morgan Securities LLC By: /s/ Geoff Paul Authorized Signatory [Signature Page to Acceleration Request of the Underwriters]
2015-05-11 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm ORRICK, HERRINGTON & SUTCLIFFE LLP THE ORRICK BUILDING 405 HOWARD STREET SAN FRANCISCO, CALIFORNIA 94105-2669 tel +1-415-773-5700 fax +1-415-773-5759 WWW.ORRICK.COM Karen Dempsey (415) 773-4140 kdempsey@orrick.com May 10, 2015 VIA EDGAR AND OVERNIGHT COURIER U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Anne Nguyen Parker, Assistant Director Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 Filed on February 17, 2015 File No. 333-202124 Ladies and Gentlemen: We are submitting this letter on behalf of our client, Arcadia Biosciences, Inc. (“we,” “us” or the “Company”), in response to the comments from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) received by letter dated May 8, 2015, relating to the Registration Statement on Form S-1 (the “Registration Statement”) filed on February 17, 2015 and previously amended on April 6, 2015 and April 30, 2015. Amendment No. 3 to the Registration Statement (“Amendment No. 3”) is being filed concurrently herewith. The numbered paragraphs below correspond to the numbered comments in the Staff’s letter and the Staff’s comments are presented in bold italics. We have enclosed with the copy of this letter that is being transmitted via overnight delivery six (6) copies of Amendment No. 3 in paper format, which have been marked to show changes from the Registration Statement as last amended on April 30, 2015. Prospectus Summary, page 1 1. Please briefly disclose in the Summary that up to 72% of the company’s stock will be held by Moral Compass Corporation and Mandela Capital following the offering. In response to the Staff’s comment, the Company has added disclosure in the Summary on page 6 of Amendment No. 3 to disclose that up to 72% of the Company’s stock will be held by Moral Compass Corporation and Mandala Capital following the offering. 2. Further, please disclose in the Summary the dilution that will occur as a result of the disparity between the price that the public shareholders are likely to pay in the offering and the net book value of the shares. In response to the Staff’s comment, the Company has added disclosure in the Summary on page 6 of Amendment No. 3 to disclose the dilution that public shareholders will experience as a result of the offering. Use of Proceeds, page 38 3. Please state the respective amounts for the estimated expenses and underwriting discounts and commissions in arriving at the estimated net proceeds of the offering. In response to the Staff’s comment, the Company has added disclosure on page 38 of Amendment No. 3 under Use of Proceeds that discloses the respective amounts for the estimated expenses and underwriting discounts and commissions used in the calculation of estimated net proceeds of the offering. Capitalization, page 39 4. Please revise the pro forma information here and elsewhere in the filing as appropriate to reflect the debt activity subsequent to December 31, 2014, as disclosed under Liquidity and Capital Resources and note 16 of the notes to the financial statements, including all related impacts on cash. In response to the Staff’s comment, the Company has revised the pro forma information on pages 11, 39 and 40 of Amendment No. 3 to reflect the Company’s debt activity subsequent to December 31, 2014, as currently disclosed under Liquidity and Capital Resources and note 16 of the notes to the financial statements, including all related impacts on cash. Index to Consolidated Financial Statements, page F-1 5. Please note the requirement pursuant to Rule 8-08 of Regulation S-X to update the financial statements included in the filing should the filing not become effective on or before May 14, 2015. The Company advises the Staff that it is aware of the requirement pursuant to Rule 8-08 of Regulation S-X and notes that it has submitted an acceleration request requesting that the Commission declare the Registration Statement effective at 4:30 p.m. Eastern Time on May 12, 2015. The Company further advises the Staff that its reverse stock split was effected on May 8, 2015 and Amendment No. 3 now reflects that the stock split has occurred, and includes an unlegended audit opinion of Deloitte & Touche LLP as well as an updated auditor’s consent and related exhibits. *************** 2 Please direct your questions or comments regarding the Company’s responses or Amendment No. 3 to the undersigned at (415) 773-4140 or by email at kdempsey@orrick.com or, in my absence, to Christopher Austin at (212) 506-5234 or by email at caustin@orrick.com. Sincerely, ORRICK, HERRINGTON & SUTCLIFFE, LLP /s/ Karen A. Dempsey Karen A. Dempsey cc: Eric J. Rey, Arcadia Biosciences, Inc. Wendy S. Neal, Arcadia Biosciences, Inc. Christopher Austin, Orrick, Herrington & Sutcliffe, LLP Drew Williamson, Cooley LLP 3
2015-05-08 - UPLOAD - Arcadia Biosciences, Inc.
May 8, 2015 Eric J. Rey President and Chief Executive Officer Arcadia Biosci ences, Inc. 202 Coust eau Place, Suite 105 Davis, CA 95618 Re: Arcadia Biosci ences, Inc. Amendment No. 2 to Registration Statement on Form S-1 Filed April 30, 2015 File No. 333-202124 Dear Mr. Rey: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in yo ur response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Prospectus Summary, page 1 1. Please briefly disclose in the Summary that up to 72% of the company’s stock will be held by Moral Compass Corporation and Mandela Capital following the offering. 2. Further, please disclose in the Summary the dilution that will occur as a result of the disparity between the price that the public shareholder s are likely to pay in the offering and the net book value of the shares. Use of Proceeds, page 38 3. Please state the respective amounts for the estimated expenses and underwriting discounts and commissions in arriving at the estimated net proceeds of the offering. Eric J. Rey Arcadia Biosciences, Inc. May 5, 2015 Page 2 Capitalization, page 39 4. Please revise the pro forma information here and elsewhere in the filing as appropriate to reflect the debt activity subsequent to December 31, 2014, as disclosed under Liquidity and Capital Resources and note 16 of th e notes to the financial statements, including all related impacts on cash. Index to Consolidated Financial Statements, page F -1 5. Please note the requirement pursuant to Rule 8 -08 of Regulation S -X to update the financial statements included in the filing should the filing not become effective on or before May 14, 2015. You m ay contact Stephen Kim at (202) 551-3291 or Doug Jones at (202) 551-3309 if you have questions r egarding comments on the financial statements and related matte rs. Please contact Julie Griffith at (202) 551-3267 or me at (202) 551-3611 with a ny other questions. Sincerely, /s/ A.N. Parker Anne Nguyen Parker Assistant Di rector Cc: Karen Dempsey Orrick, Herrington & Sutclif fe LLP
2015-05-08 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm ARCADIA BIOSCIENCES, INC. 202 Cousteau Place, Suite 105 Davis, CA 95618 May 8, 2015 VIA EDGAR U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Anne Nguyen Parker, Assistant Director Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. Acceleration Request Acceleration Request Requested Date: May 12, 2015 Requested Time: 4:30 p.m. Eastern Time Ladies and Gentlemen: Arcadia Biosciences, Inc. (the “Company”) hereby requests that the Securities and Exchange Commission (the “Commission”) take appropriate action to declare the Company’s Registration Statement on Form S-1 (File No. 333-202124), as amended, effective at the “Requested Date” and “Requested Time” set forth above or as soon thereafter as practicable. The Company hereby authorizes Karen A. Dempsey or Christopher J. Austin, both of whom are attorneys with the Company’s outside legal counsel, Orrick, Herrington & Sutcliffe LLP, to orally modify or withdraw this request for acceleration. In connection with this acceleration request, the Company hereby acknowledges that: · should the Commission or the staff of the Commission, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; · the action of the Commission or the staff, acting pursuant to delegated authority, in declaring the filing effective, does not relieve the Company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and · the Company may not assert the staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. The Company requests that it be notified of such effectiveness by a telephone call to Ms. Dempsey at (415) 773-4140, or in her absence, Mr. Austin at (212) 506-5234. [Signature page follows] Sincerely, ARCADIA BIOSCIENCES, INC. By: /s/ Wendy S. Neal Name: Wendy S. Neal Title: Vice President & Chief Legal Officer cc: Eric J. Rey, Arcadia Biosciences, Inc. Karen A. Dempsey, Orrick, Herrington & Sutcliffe, LLP Christopher J. Austin, Orrick, Herrington & Sutcliffe, LLP Andrew S. Williamson, Cooley LLP May 8, 2015 VIA EDGAR United States Securities and Exchange Commission Division of Corporation Finance 100 F Street, N.E. Washington, DC 20549 Attention: Anne Nguyen Parker Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 (File No. 333-202124) Ladies and Gentlemen: Pursuant to Rule 460 of the General Rules and Regulations under the Securities Act of 1933, as amended, we wish to advise that between April 30, 2015 and the date hereof, approximately 3,397 copies of the Preliminary Prospectus dated April 30, 2015 were distributed to prospective underwriters, institutional investors and prospective dealers in connection with the above-captioned Registration Statement. We wish to advise you that the participating underwriters have complied and will continue to comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended. We hereby join in the request of the registrant that the effectiveness of the above-captioned Registration Statement, as amended, be accelerated to 4:30 p.m. Eastern Time, on Tuesday, May 12, 2015 or as soon thereafter as practicable. [signature page follows] Very truly yours, Credit Suisse Securities (USA) LLC J.P. Morgan Securities LLC As representatives of the several underwriters Credit Suisse Securities (USA) LLC By: /s/ John M. Traugott Authorized Signatory J.P. Morgan Securities LLC By: /s/ Geoff Paul Authorized Signatory [Signature Page to Acceleration Request of the Underwriters]
2015-04-30 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm ORRICK, HERRINGTON & SUTCLIFFE LLP THE ORRICK BUILDING 405 HOWARD STREET SAN FRANCISCO, CALIFORNIA 94105-2669 tel +1-415-773-5700 fax +1-415-773-5759 WWW.ORRICK.COM Karen Dempsey (415) 773-4140 kdempsey@orrick.com April 30, 2015 VIA EDGAR AND OVERNIGHT COURIER U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Anne Nguyen Parker, Assistant Director Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 Filed on February 17, 2015 File No. 333-202124 Ladies and Gentlemen: We are submitting this letter on behalf of our client, Arcadia Biosciences, Inc. (“we,” “us” or the “Company”), in response to the comments from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) received by letter dated April 10, 2015, relating to the Registration Statement on Form S-1 (the “Registration Statement”) filed on February 17, 2015 and first amended on April 6, 2015. Amendment No. 2 to the Registration Statement (“Amendment No. 2”) is being submitted concurrently herewith. The numbered paragraphs below correspond to the numbered comments in the Staff’s letter and the Staff’s comments are presented in bold italics. We have enclosed with the copy of this letter that is being transmitted via overnight delivery six (6) copies of Amendment No. 2 in paper format, which have been marked to show changes from the Registration Statement as last amended on April 6, 2015. Liquidity and Capital Resources, page 52 1. We note that in this amendment you have deleted the sentence “We believe that our existing cash and cash equivalents will be sufficient to meet our anticipated cash requirements for at least the next 12 months.” Please disclose whether you believe that your existing cash and cash equivalents will be sufficient to meet your anticipated cash requirements for at least the next 12 months. Provide risk factor discussion as appropriate. The Company advises the Staff that it recently obtained additional debt financing in the form of a $20.0 million senior secured term loan facility, which is described beginning on page 53 of Amendment No. 2. With this debt financing, the Company believes that its existing cash and cash equivalents will be sufficient to meet its anticipated cash requirements for at least the next 12 months. As a result, the Company has revised the disclosures in the Registration Statement with respect to its liquidity and has reinserted the statement noted by the Staff in Comment 1. 2. We note your disclosure on page F-17 that “As of December 31, 2014, the debt balance was $13.5 million with a maturity date of January 15, 2015. The maturity date was extended to April 15, 2015 and an additional $1.0 million was funded by VUSA, also due April 15, 2015.” Please tell us the status of this debt and the anticipated effect on your company at the April 15, 2015 maturity date. Provide risk factor discussion as appropriate. The Company advises the Staff that, as noted on page F-17, it expects that VUSA will continue to provide Limagrain Cereal Seeds, LLC (“LCS”) with additional debt financing as needed. In regards to the existing debt as of December 31, 2014, the Company expects that VUSA will continue to extend the maturity date for additional three months periods, as it has done every three months since October 2012. In the event that VUSA is unwilling to extend the maturity date of the note or provide additional debt financing as needed, and should additional capital in the form of equity be necessary to support the operations of LCS, the Company has the option to fund its pro rata share of such obligation or elect to have its ownership interest diluted. We advise the Staff that the third bullet under the risk factor on page 19 titled “Our joint venture agreements could present a number of challenges…” specifically addresses the risk of the Company being unable to pay its share of the joint venture’s obligations and notes that its ownership interest could be reduced. *************** Please direct your questions or comments regarding the Company’s responses or Amendment No. 2 to the undersigned at (415) 773-4140 or by email at kdempsey@orrick.com or, in my absence, to Christopher Austin at (212) 506-5234 or by email at caustin@orrick.com. Sincerely, ORRICK, HERRINGTON & SUTCLIFFE, LLP /s/ Karen A. Dempsey Karen A. Dempsey cc: Eric J. Rey, Arcadia Biosciences, Inc. Wendy S. Neal, Arcadia Biosciences, Inc. Christopher Austin, Orrick, Herrington & Sutcliffe, LLP Drew Williamson, Cooley LLP 2
2015-04-10 - UPLOAD - Arcadia Biosciences, Inc.
April 10, 2015 Eric J. Rey President and Chief Executive Officer Arcadia Biosci ences, Inc. 202 Coust eau Place, Suite 200 Davis, CA 95618 Re: Arcadia Biosci ences, Inc. Amendment No. 1 to Registration Statement on Form S-1 Filed April 6, 2015 File No. 333 -202124 Dear Mr. Rey: We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Liquidity and Capita l Resources, page 52 1. We note that in this amendment you have deleted the sentence “We believe that our existing cash and cash equivalents will be sufficient to meet our anticipated cash requirements for at least the next 12 months.” Please disclose whethe r you believe that your existing cash and cash equivalents will be sufficient to meet your anticipated cash requirements for at least the next 12 months. Provide risk factor discussion as appropriate. 2. We note your disclosure on page F -17 that “As of Dece mber 31, 2014, the debt balance was $13.5 million with a maturity date of January 15, 2015. The maturity date was extended to April 15, 2015 and an additional $1.0 million was funded by VUSA, also due April 15, 2015.” Please tell us the status of this deb t and the anticipated effect on your Eric J. Rey Arcadia Biosciences, Inc. April 10, 2015 Page 2 company at the April 15, 2015 maturity date. Provide risk factor discussion as appropriate. You m ay contact Stephen Kim at (202) 551-3291 or Doug Jones at (202) 551-3309 if you have questions r egarding comments on the financial statements and related matte rs. Please contact Julie Griffith at (202) 551-3267 or me at (202) 551-3611 with a ny other questions. Sincerely, /s/ A.N. Parker Anne Nguyen Parker Assistant Di rector Cc: Karen Dempsey Orrick, Herrington & Sutclif fe LLP
2015-04-03 - CORRESP - Arcadia Biosciences, Inc.
CORRESP
1
filename1.htm
ORRICK, HERRINGTON & SUTCLIFFE LLP
THE ORRICK BUILDING
405 HOWARD STREET
SAN FRANCISCO, CALIFORNIA 94105-2669
tel +1-415-773-5700
fax +1-415-773-5759
WWW.ORRICK.COM
Karen Dempsey
(415) 773-4140
kdempsey@orrick.com
April 3, 2015
VIA EDGAR AND OVERNIGHT COURIER
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
Attn: Anne Nguyen Parker, Assistant Director
Julie Griffith
Stephen Kim
Doug Jones
Re: Arcadia Biosciences, Inc.
Registration Statement on Form S-1
Filed on February 17, 2015
File No. 333-202124
Ladies and Gentlemen:
We are submitting this letter on behalf of our client, Arcadia Biosciences, Inc. (“we,” “us” or the “Company”), in response to the comments from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”) received by letter dated March 2, 2015, relating to the Registration Statement on Form S-1 (the “Registration Statement”) filed on February 17, 2015. Amendment No. 1 to the Registration Statement (“Amendment No. 1”) is being submitted concurrently herewith. The numbered paragraphs below correspond to the numbered comments in the Staff’s letter and the Staff’s comments are presented in bold italics. We have enclosed with the copy of this letter that is being transmitted via overnight delivery six (6) copies of Amendment No. 1 in paper format, which have been marked to show changes from the Registration Statement filed on February 17, 2015.
Exhibit 5.1
1. Please file the legal opinion as Exhibit 5.1 prior to requesting effectiveness.
In order to facilitate the review of the Registration Statement, the Company hereby provides the Staff with a draft of the form of legal opinion of Orrick, Herrington & Sutcliffe LLP, legal counsel to the Company, attached hereto as Exhibit A. The Company will file the final form of such opinion as Exhibit 5.1 prior to requesting effectiveness of the Registration Statement.
Index to Consolidated Financial Statements, Page F- 1
2. Please update your financial statements pursuant to Rule 3-12(b) and (d) of Regulation S-X.
In response to the Staff’s comment, the Company has included in Amendment No. 1 updated financial information for the year ended December 31, 2014.
***************
Please direct your questions or comments regarding the Company’s responses or Amendment No. 1 to the undersigned at (415) 773-4140 or by email at kdempsey@orrick.com or, in my absence, to Christopher Austin at (212) 506-5234 or by email at caustin@orrick.com.
Sincerely,
ORRICK, HERRINGTON & SUTCLIFFE, LLP
/s/ Karen A. Dempsey
Karen A. Dempsey
cc: Eric J. Rey, Arcadia Biosciences, Inc.
Wendy S. Neal, Arcadia Biosciences, Inc.
Christopher Austin, Orrick, Herrington & Sutcliffe, LLP
Drew Williamson, Cooley LLP
2
In connection with this response, the Company hereby acknowledges that:
· the Company is responsible for the adequacy and accuracy of the disclosure in its filings;
· the Staff’s comments or changes to disclosure in response to the Staff’s comments do not foreclose the Commission from taking any action with respect to the filings; and
· the Company may not assert the Staff’s comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States.
Acknowledged:
/s/ Eric J. Rey
Eric J. Rey
President and Chief Executive Officer
3
Exhibit A
ORRICK, HERRINGTON & SUTCLIFFE LLP
THE ORRICK BUILDING
405 HOWARD STREET
SAN FRANCISCO, CALIFORNIA 94105-2669
tel +1-415-773-5700
fax +1-415-773-5759
WWW.ORRICK.COM
, 2015
Arcadia Biosciences, Inc.
202 Cousteau Place, Suite 200
Davis, CA 95618
Re: Registration Statement on Form S-1
Ladies and Gentlemen:
We are acting as counsel for Arcadia Biosciences, Inc., a Delaware corporation (the “Company”), in connection with the registration statement on Form S-1 filed by the Company with the Securities and Exchange Commission (the “Commission”) on February 17, 2015 (File No. 333-202124), as amended (the “Registration Statement”), under the Securities Act of 1933, as amended (the “Securities Act”). The Registration Statement relates to the registration of [·] shares of common stock of the Company, par value $0.001 per share, (the “Primary Shares”) and [·] shares of which may be purchased by the underwriters pursuant to an option to purchase additional shares (the “Overallotment Shares,” and together with the Primary Shares, the “Shares”). We understand that the Shares are to be sold to the underwriters for resale to the public as described in the Registration Statement and pursuant to an underwriting agreement, substantially in the form filed as an exhibit to the Registration Statement, to be entered into by and among the Company and the underwriters (the “Underwriting Agreement”).
In connection with rendering the opinion set forth below, we have examined and relied upon originals or copies, certified or otherwise identified to our satisfaction, of instruments, documents, and records which we deemed relevant and necessary for the purpose of rendering our opinion set forth below. In such examination, we have assumed the following: (a) the
4
authenticity of original documents and the genuineness of all signatures, (b) the conformity to the originals of all documents submitted to us as copies, (c) the representations of officers and employees are correct as to questions of fact, and (d) the Registration Statement has been declared effective pursuant to the Securities Act and (e) a pricing committee of the board of directors will have taken action necessary to set the sale price of the Shares.
Our opinion herein is limited to the General Corporation Law of the State of Delaware.
Based upon the foregoing, we are of the opinion that the Shares to issued and sold by the Company have been duly authorized and, when such Shares are issued and paid for in accordance with the terms of the Underwriting Agreement, will be validly issued, fully paid and non-assessable.
We consent to the filing of this opinion as an exhibit to the Registration Statement, and we further consent to the use of our name under the caption “Legal Matters” in the Registration Statement and the prospectus that forms a part thereof. In giving these consents, we do not thereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder, nor do we thereby admit that we are “experts” within the meaning of such term as used in the Securities Act with respect to any part of the Registration Statement, including this opinion letter as an exhibit or otherwise.
Very truly yours,
ORRICK, HERRINGTON & SUTCLIFFE LLP
5
2015-03-02 - UPLOAD - Arcadia Biosciences, Inc.
March 2, 2015 Eric J. Rey President and Chief Executive Officer Arcadia Biosci ences, Inc. 202 Coust eau Place, Suite 200 Davis, CA 95618 Re: Arcadia Biosci ences, Inc. Registration Statement on Form S-1 Filed February 17, 2015 File No. 333-202124 Dear Mr. Rey: We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewin g any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Exhibit 5.1 1. Please file the legal opinion as Exhibit 5.1 prior to requesting effectiveness. Index to Consoli dated Financial Statements, page F -1 2. Please update your financial statements pursuant to Rule 3 -12(b) and (d) of Regulation S -X. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filing to be certain that the filing includes the information the Securities Act of 193 3 and all applicable Securities Act rules require. Since the company and its management are in possession of all facts relating to a company’s disclosure, they are responsible for the accuracy and a dequacy of the disclosures they have made. Eric J. Rey Arcadia Biosciences, Inc. March 2, 2015 Page 2 Notwithstanding our comments, in the event you request acceleration of the effective date of the pending regist ration statement, please provide a written statement from the company acknowledging that: should t he Commission or the staff, acting pursuant to delegated authority, declare the filing effective, it does not foreclose the Commission from taking any action with respect to the filing; the action of the Commission or the staff, acting pursuant to delega ted authority, in declaring the filing effective, does not relieve the company from its full responsibility for the adequacy and accuracy of the disclosure in the filing; and the company may not assert staff comments and the declaration of effectiveness as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. Please refer to Rules 460 and 461 regarding reque sts for acceleration . We will consider a written request for acceleration of the effective date of the registration statement as confirmation of the fact that those requesting acceleration are aware of their respective responsibilities under the Securitie s Act of 1933 and the Securities Exchange Act of 1934 as they relate to the proposed public offering of the securities specified in the above registration statement. Please allow adequate time for us to review any amendment prior to the requested effectiv e date of the registration statement. You m ay contact Stephen Kim at (202) 551-3291 or Doug Jones at (202) 551-3309 if you have questions r egarding comments on the financial statements and related matte rs. Please contact Julie Griffith at (202) 551-3267 or me at (202) 551-3611 with a ny other questions. Sincerely, /s/ A.N. Parker Anne Nguyen Parker Assistant Di rector Cc: Karen Dempsey Orrick, Herrington & Sutclif fe LLP
2015-02-23 - CORRESP - Arcadia Biosciences, Inc.
CORRESP 1 filename1.htm ORRICK, HERRINGTON & SUTCLIFFE LLP THE ORRICK BUILDING 405 HOWARD STREET SAN FRANCISCO, CALIFORNIA 94105-2669 tel +1-415-773-5700 fax +1-415-773-5759 WWW.ORRICK.COM Karen Dempsey (415) 773-4140 kdempsey@orrick.com February 17, 2015 VIA EDGAR AND OVERNIGHT COURIER U.S. Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Attn: Anne Nguyen Parker, Assistant Director Julie Griffith Stephen Kim Doug Jones Re: Arcadia Biosciences, Inc. Registration Statement on Form S-1 Filed February 17, 2015 CIK No. 0001469443 Ladies and Gentlemen: We are submitting this letter on behalf of our client, Arcadia Biosciences, Inc. (“we,” “us” or the “Company”), in response to the comments from the staff (the “Staff”) of the Securities and Exchange Commission (the “Commission”), received by letter dated December 30, 2014, relating to Amendment No. 1 (“Amendment No. 1”) to the draft registration statement on Form S-1 confidentially submitted on December 22, 2014 (the “Registration Statement”). The Registration Statement on Form S-1 (the “Form S-1”) is being filed concurrently herewith. The numbered paragraphs below correspond to the numbered comments in the Staff’s letter and the Staff’s comments are presented in bold italics. Except as otherwise specifically indicated, page references herein correspond to the pages of the Form S-1. We have also enclosed with the copy of this letter that is being transmitted via overnight delivery, six (6) copies of the Form S-1 in paper format, which have been marked to show changes from Amendment No. 1. Prospectus Summary, page 1 Overview, page 1 1. Please provide disclosure in your filing regarding the basis for your statement that you are “leading.” With respect to our comment regarding the size of your company, we note the added disclosure on page 95 that you are “positioned at the nexus of basic research and commercial product development.” Please provide this disclosure or similar disclosure the first time you mention that you are “leading.” In response to the Staff’s comment, the Company has revised its disclosures in the first paragraph of the Prospectus Summary on page 1 of the Form S-1 to indicate the basis as to why it believes it is a leading trait development company. With respect to the Staff’s comment in the second sentence as to the Company’s statement that it believes it is “positioned at the nexus of basic research and commercial product development,” the Company notes that the statement also appears near the first time the Company mentions that it is “leading,” in the second sentence of the second paragraph of the Prospectus Summary on page 1. Industry Overview, page 67 Innovation and Commercialization Process in Biotech Seed Traits, page 67 2. We note your response to prior comment 14. Please provide this information in the filing. In response to the Staff’s comment, additional disclosure has been added to page 68 of the Form S-1 to explain how the development stages initially developed and utilized by Monsanto have now been adopted by other companies and research analysts and are generally applicable to other seed trait companies, due in part to the impact of plant biology on the development process and timeline. Notes to Consolidated Financial Statements, page F-7 Note 9. Common Stock and Redeemable and Convertible Preferred Stock, page F-24 Redeemable and Convertible Preferred Stock, page F-24 3. You disclose that: (a) the redemption amount of the Series D preferred stock shall be the greater of (i) two times the original issue price of the Series D redeemable convertible preferred stock plus accrued and unpaid dividends through the redemption date, or (ii) the fair market value of the Series D redeemable convertible preferred stock, (b) the holders of record of shares of Series D redeemable convertible preferred stock are initially entitled to a 15% dividend that accrues annually until the five-year anniversary of the issuance date, and (c) you recorded a discount of $2.5 million on the issuance of the Series D preferred stock. Please tell us and disclose how you computed the amount of “accretion of redeemable convertible preferred stock to redemption value” of $2.088 million presented on the 2 statement of operations for the nine months ended September 30, 2014. In so doing, tell us and disclose: (i) the amount of dividends that has been accrued on Series D preferred stock, (ii) how the amount of dividends accrued has been computed, (iii) where such dividends are reflected in the financial statements, (iv) the effect given to such dividends in the loss per share computation, (v) the amount of discount recognized on the issuance of Series D that has been accreted and where it is reported in the financial statements, including the effect of such on the loss per share computation, and (vi) how the redemption value for Series D indicated in the first sentence of this comment was reflected in your computation. Refer to ASC 260-10-50-1.b, ASC 505-10-50-5.b and Rule 5-02.27(b) of Regulation S-X for further guidance in regard to disclosure requirements. The Company respectfully advises the Staff that it accretes changes in redemption value over the period through the earliest redemption date using the interest method, as disclosed in page F-25 of the Form S-1, in accordance with ASC 480-10-S99-3A-15(a). The redemption amount used in the accretion computation is the greater of (i) two times the original issue price of the Series D redeemable convertible preferred stock plus accrued and unpaid dividends through the redemption date, which we refer to as the “minimum redemption value,” or (ii) the fair market value of the Series D redeemable convertible preferred stock. The Company used the minimum redemption value in its accretion computation for September 30, 2014, as it was higher than the fair market value of the Series D redeemable convertible preferred stock. In addition, the redemption value includes dividends, which are payable in arrears upon redemption and aggregate to $97 million over the redemption period of eight years. Total dividends payable upon redemption are calculated based on an annually compounded dividend rate of 15% for the first five years and 20% thereafter. In addition, the Company respectfully advises the staff that dividends for Series D redeemable convertible preferred stock are cumulative but not payable unless declared by the Company’s Board of Directors (the “Board”). As the Board has not declared any such dividends, the undeclared dividends of $2.2 million have not been accrued as of September 30, 2014. However, all dividends payable upon redemption, as well as the discount recognized on the issuance of Series D redeemable convertible preferred stock, are included in the computation of the accreted redemption value using the effective interest method. The $2.088 million of accretion recorded for the nine months ended September 30, 2014 have been reflected as an increase to the net carrying value of the Series D redeemable convertible preferred stock with a corresponding charge to additional paid-in capital in the Consolidated Statements of Redeemable and Convertible Preferred Stock and Stockholders’ Deficit. The accretion amount is included in the net loss attributable to common stockholders used in the loss per share computation and shown on the face of the Consolidated Statements of Operations. In response to the Staff’s comment, the Company has revised its disclosures on pages F-25 and F-27 of the Form S-1. 3 *************** Please direct your questions or comments regarding the Company’s responses or the Form S-1 to the undersigned at (415) 773-4140 or by email at kdempsey@orrick.com or, in my absence, Christopher Austin at (212) 506-5234 or by email at caustin@orrick.com. Sincerely, ORRICK, HERRINGTON & SUTCLIFFE, LLP /s/ Karen A. Dempsey Karen A. Dempsey cc: Eric J. Rey, Arcadia Biosciences, Inc. Wendy S. Neal, Arcadia Biosciences, Inc. Christopher Austin, Orrick, Herrington & Sutcliffe, LLP Drew Williamson, Cooley LLP 4
2014-12-30 - UPLOAD - Arcadia Biosciences, Inc.
December 30, 2014 Via E-mail Eric J. Rey President and Chief Executive Officer Arcadia Biosci ences, Inc. 202 Coust eau Place, Suite 200 Davis, CA 95618 Re: Arcadia Biosci ences, Inc. Amendment No. 1 to Draft Registration Statement on Form S-1 Submitted December 2 2, 2014 CIK No. 0001469443 Dear Mr. Rey: We have reviewed your amended draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statemen t on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments. Prospectus Summary, page 1 Overview, page 1 1. We note your response to prior comment four from our letter dated December 5, 2014. Please provide disclos ure in your filing regarding the basis for your statement that you are “leading.” With respect to our comment regarding the size of your company, we note the added disclosure on page 95 that you are “positioned at the nexus of basic research and commercia l product development.” Please provide this disclosure or similar disclosure the first time you mention that you are “leading.” Eric J. Rey Arcadia Biosciences, Inc. December 30, 2014 Page 2 Industry Overview, page 67 Innovation and Commercialization Process in Biotech Seed Traits, page 67 2. We note your response to prior comment 14. Please provide this information in the filing. Notes to Consolidated Financial Statements, page F -7 Note 9. Common Stock and Redeemable and Convertible Preferred Stock, page F -24 Redeemable and Convertible Preferred Stock, page F -24 3. You disclose that : (a) the redemption amount of the Series D preferred stock shall be the greater of (i) two times the original issue price of the Series D redeemable convertible preferred stock plus accrued and unpaid dividends through the redemption date, or (ii) the fair market value of the Series D redeemable convertible preferred stock, (b) the holders of record of shares of Series D redeemable convertible preferred stock are initially entitled to a 15% dividend that accrues annually until the five -year anniversary of t he issuance date, and (c) you recorded a discount of $2.5 million on the issuance of the Series D preferred stock. Please tell us and disclose how you computed the amount of “accretion of redeemable convertible preferred stock to redemption value” of $ 2.088 million presented on the statement of operations for the nine months ended September 30, 2014. In so doing, tell us and disclose : (i) the amount of dividends that has been accrued on Series D preferred stock, (ii) how the amount of dividends accrued has be en computed, (iii) where such dividends are reflected in the financial statements, (iv) the effect given to such dividends in the loss per share computation, (v) the amount of discount recognized on the issuance of Series D that has been accreted and where it is reported in the financial statements, including the effect of such on the loss per share computation, and (vi) how the redemption value for Series D indicated in the first sentence of this comment was reflected in your computation. Refer to ASC 260 -10-50-1.b, ASC 505 -10-50-5.b and Rule 5 -02.27(b) of Regulation S - X for further guidance in regard to disclosure requirements. Eric J. Rey Arcadia Biosciences, Inc. December 30, 2014 Page 3 You m ay contact Stephen Kim at (202) 551-3291 or Doug Jones at (202) 551-3309 if you have questions r egarding comments on the financial statements and related matte rs. Please contact Julie Griffith at (202) 551-3267 or me at (202) 551-3611 with a ny other questions. Sincerely, /s/ A. N. Parker Anne Nguyen Parker Assistant Di rector Cc: Karen Dempsey Orrick, Herrington & Sutclif fe LLP
2014-12-08 - UPLOAD - Arcadia Biosciences, Inc.
December 5, 2014 Via E -mail Eric J. Rey President and Chief Executive Officer Arcadia Biosciences, Inc. 202 Cousteau Place, Suite 200 Davis, CA 95618 Re: Arcadia Biosciences, Inc. Draft Registration Statement on Form S -1 Submitted November 12, 2014 CIK No . 0001469443 We have reviewed your draft registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this le tter by providing the requested information and either submitting an amended draft registration statement or publicly filing your registration statement on EDGAR. If you do not believe our comments apply to your facts and circumstances or do not believe a n amendment is appropriate, please tell us why in your response. After reviewing the information you provide in response to these comments and your amended draft registration statement or filed registration statement, we may have additional comments. General 1. Your Exhibit Index indicates that you intend to seek confidential treatment with respect to some of your exhibits. Please confirm your understanding that all requests for confidential treatment must be resolved prior to a request for acceleratio n. 2. To the extent that you have relied on any reports or studies that you commissioned from third party sources to support your disclosure, please provide the consents of these third parties with your next amendment or tell us why you believe that you are not required to do so. 3. Please supplementally provide us with copies of all written communications, as defined in Rule 405 under the Securities Act, that you , or anyone authorized to do so on your behalf , present to potential investors in reliance on Secti on 5(d) of the Securities Act, whether or not they retain copies of the communications. Eric J. Rey Arcadia Biosciences, Inc. December 5, 2014 Page 2 Prospectus Summary, page 1 Overview, page 1 4. You disclose here and in several other places that you are a “leading independent” agricultural biotechnology trait development company. Please provide a basis for your statement that you are “leading.” Please also clarify what is meant by “independent.” Further, we note the discussion in the Competition section on page 93 of “small,” “medium” and “large” companies. Please clarify here the size that best characterizes your company. 5. We note your disclosure that you have 13 traits in “advanced stages of development or on the market,” as well as your discussion of products or traits in the “advanced development” stages. Please clarify throughout your document what you mean by “advanced stages of development” and discuss the requirements and timelines involved in moving a trait or product from the “advanced stage” to the commercial phas e. In this regard, we note the description of “Advanced Development” on page 66. 6. It appears that you are in the business of researching, developing and commercializing seed traits and products. With a view toward disclosure, please expla in why your relevant target market is a portion of the “$2.6 trillion annual farm revenue from agricultural crops” rather than the $39.4 billion seed market. 7. Here and where it appears elsewhere in the document, please expand your disclosure to briefly explain what you mean when you say that you “reduce risk and avoid most of the costs associated with basic research by acquiring trait technologies that have already achieved proof of concept through basic research carried out elsewhere.” Please explain here what it mean s to achieve proof of concept. In this regard, we note the description of Phase 1, Proof of Concept, in the chart on page 6 6. Our Strengths, page 4 8. Please explain how your pipeline of agricultural productivity “provides access ” to multiple large, potent ially high growth markets. 9. In the third bullet point of this section, you discuss technologies that have achieved proof of concept in the first sentence, while the caption discusses advanced development stage products. Please clarify the stages that most of your products have reached, and provide the reasons that you believe this progress substantially reduces the risk and time to market referenced in the caption. 10. In the fourth bullet point of this section, with a view towards disclosure, please tell u s how your regulatory expertise would enable expedited reg ulatory review. Eric J. Rey Arcadia Biosciences, Inc. December 5, 2014 Page 3 Risk Factors, page 11 Changes in laws and regulations…and disrupt our business, page 20 11. Please revise this risk factor to include the information that a number of states have legislation pending that would limit the use or require the labeling of GM crops in those states, and briefly state the risk presented by such legislation to your business, or tell us why you do not believe the legislation is m aterial. Components of our Statements of Operations Data, page 46 Revenues, page 46 12. We note that the percentage of revenues attributable to contract research and government grant revenue has risen for each reportable period since December 31, 2012, reac hing a high of 79% for the six months ended June 30, 2014. Please tell us whether this is a material trend that warrants enhanced disclosure in MD&A. Liquidity and Capital Resources, page 52 13. Please revise to disclose in greater detail the demands on liq uidity that will accompany the implementation of your business plan. Discuss expenditures such as field testing, seeking regulatory approval for, and other expenses associated with developing and marketing your products, the timing of such demands, and th e amount of funding required, short -term and long -term, the expected sources of funding and the impact on the company if the funding cannot be obtained. In addition, provide specific information about the timelines accompanying each proposed step in your business plan so that an investor can get a clearer picture of how and when you expect to reach revenue generation and the associated costs. Industry Overview, page 66 Innovation and Commercialization Process in Biotech Seed Traits, page 66 14. Refer to the table on page 66, and to the disclosure about Monsanto on page 70. Please explain why the outcomes that Monsanto achieved would be relevant for GM trait research performed by other companies, or explain what would account for any differences in outcome. Clarify the reasons that the Monsanto 2011 Investor Toolkit is germane to the outcomes that Arcadia expects. Eric J. Rey Arcadia Biosciences, Inc. December 5, 2014 Page 4 Business, page 68 Agricultural Productivity Traits, page 74 Agronomic Trait Stacks, page 79 15. Expand this section briefly to clarify why a molecular trait stack that is applicable to one crop would necessarily be feasible in another crop. Financial Statements, page F -1 16. Please update your financial statements pursuant to Rule 8 -08 of Regulation S -X. Exhibits 17. We note your disclosure on pages 49 - 50 that USAID accounted for 18% and 41% of your total revenues for the six months ended June 30, 2013 and 2014, respectively, and that NIH accounted for 3% and 14% of your total revenues for the six month s ended June 30, 2013 and 2014, respectively. Please provide an analysis as to whether you are required to file your agreements with these entities. Please also provide an analysis as to whether you are required to file any agreements with respect to you r two joint ventures, Limagrain Cereal Seeds LLC and Verdeca LLC . You may contact Stephen Kim at (202) 551 -3291 or Doug Jones at (202) 551 -3309 if you have questions regarding comments on the financial statements and related matters. Please contact Julie Griffith at (202) 551 -3267 or me at (202) 551 -3611 with any other questions. Sincerely, /s/ A.N. Parker Anne Nguyen Parker Assistant Director Cc: Karen Dempsey Orrick, Herrington & Sutcliffe LLP
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