Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 0.9
RiceBran Technologies completed a disposition involving Stabil Nutrition, LLC for approximately $3.5 million (closed 2023-06-23).
- Action
- disposition
- Counterparty
- Stabil Nutrition, LLC
- Consideration
- approximately $3.5 million
- Closing
- 2023-06-23
Exact text from the filing
held for the operation of and the use in connection with, the Business (other than excluded assets, including all accounts receivable) for total consideration of approximately $3.5 million, consisting of $1.8 million in cash and the assumption of $1.7 million of the Company’s real estate lease obligations on two operating facilities. In connection with the
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
RiceBran Technologies entered into Asset Purchase Agreement with Stabil Nutrition, LLC valued at approximately $3.5 million, consisting of $1.8 million in cash and the assumption of $1.7 million of (effective 2023-06-23).
- Action
- entry
- Agreement
- asset purchase
- Counterparty
- Stabil Nutrition, LLC
- Value
- approximately $3.5 million, consisting of $1.8 million in cash and the assumption of $1.7 million of
- Effective
- 2023-06-23
Exact text from the filing
On June 23, 2023, RiceBran Technologies (the “Company”) and Stabil Nutrition, LLC, a Missouri limited liability company (“Stabil”), entered into that certain Asset Purchase Agreement (the “Agreement”), and pursuant to the Agreement, and subject to the terms and conditions therein, the Company sold and Stabil acquired assets exclusively related to the Company’s production of stabilized rice bran and processing of stabilized rice bran into stabilized rice bran derivatives at its facilities located in West Sacramento, California, Mermentau, Louisiana, Lake Charles, Louisiana and Dillon, Montana (the “Business” and the transaction, the “Transaction”).
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