---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-018768"
form_type: "8-K"
ticker: null
cik: "0001063537"
company_name: "RiceBran Technologies"
filed_at: "2023-06-28T23:59:59+00:00"
generated_at: "2026-06-13T15:18:57.412589+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RiceBran Technologies sells SRB business for $3.5M; expects $2.2M annual net loss reduction

## Summary
- Sold stabilized rice bran business to Stabil Nutrition for $1.8M cash + assumption of $1.7M lease obligations.
- Sale expected to reduce projected annual net loss by ~$2.2M, including $1.3M SG&A cut; no impact on $54.4M federal NOL carryforwards.
- Pro forma: Q1 2023 revenue fell to $5.8M from $9.3M; net loss improved to $(1.5M) from $(2.0M).
- Transaction closed June 23, 2023; assets include facilities in MT, LA, CA.
- First step of previously announced strategic review; company continues evaluating alternatives for remaining assets.

## SEC filing metadata
- accession: 0001437749-23-018768
- form_type: 8-K
- cik: 0001063537
- company_name: RiceBran Technologies
- filed_at: 2023-06-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063537/000143774923018768/0001437749-23-018768-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063537/000143774923018768/ribt20230627_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-018768
- JSON: https://secwatch.observer/filing/0001437749-23-018768.json
- Plain text: https://secwatch.observer/filing/0001437749-23-018768.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923018768/0001437749-23-018768-index.htm
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923018768/0001437749-23-018768-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.