Ricebran Technologies
Market Movers (8-K)
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RiceBran Technologies appoints William J. Keneally as a director, adjusts board compensation, and outlines ongoing operations including transitional services and strategic transaction evaluations.
Worse than expected
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RiceBran Technologies reports the immediate resignation of three directors, David I. Chemerow, Brent D. Rosenthal, and Georgina Russell, effective November 15, 2024.
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RiceBran Technologies' assets were acquired by Funicular Funds after the company defaulted on its loan obligations, leading to a foreclosure sale.
Worse than expected
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RiceBran Technologies has increased its secured promissory note with Funicular Funds by $400,000 to $1.5 million and announced the resignation of its independent auditor, WithumSmith+Brown, PC.
Worse than expected
Capital raise
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RiceBran Technologies is likely to cease operations after defaulting on its loans and facing a foreclosure process, with its sole remaining asset expected to be net operating losses.
Worse than expected
Delay expected
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RiceBran Technologies has entered into a securities purchase agreement, securing $500,000 through a secured promissory note and warrants, aimed at bolstering working capital.
Worse than expected
Capital raise
Quarterly Earnings (10-Q)
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RiceBran Technologies reports an increased net loss for Q1 2024 and acknowledges substantial doubt about its ability to continue as a going concern.
Capital raise
Worse than expected
Annual Reports (10-K)
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RiceBran Technologies reports a net loss of $17.6 million for 2023, impacted by strategic divestitures and operational changes.
Capital raise
Worse than expected
New Public Companies (S-1)
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RiceBran Technologies has filed a registration statement for the resale of up to 7,232,428 shares of common stock, including shares underlying warrants, by selling shareholders.