---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-019508"
form_type: "8-K"
ticker: null
cik: "0001063537"
company_name: "RiceBran Technologies"
filed_at: "2023-07-06T23:59:59+00:00"
generated_at: "2026-06-13T11:33:11.999661+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# RiceBran Technologies adopts poison pill to protect $54.4M in NOLs

## Summary
- As of Dec 31, 2022, RIBT has ~$54.4M federal NOLs; ~$44.7M not subject to Section 382 limitation.
- Rights plan: one right per common share, record date July 17, 2023; triggers at 4.95% ownership.
- If triggered, non-triggering holders can purchase common stock at a 50% discount to market price.
- Existing holders at or above 4.95% grandfathered; plan expires July 6, 2026 unless earlier terminated.

## SEC filing metadata
- accession: 0001437749-23-019508
- form_type: 8-K
- cik: 0001063537
- company_name: RiceBran Technologies
- filed_at: 2023-07-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 1.01, 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063537/000143774923019508/0001437749-23-019508-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063537/000143774923019508/ribt20230706_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-019508
- JSON: https://secwatch.observer/filing/0001437749-23-019508.json
- Plain text: https://secwatch.observer/filing/0001437749-23-019508.txt

## Key facts
- Governance Changes
  RiceBran Technologies: Approved and filed Certificate of Determination creating Series H Junior Participating Preferred Stock.
  - Change: charter amendment
  source text: In connection with the adoption of the Rights Agreement, the Board approved a Certificate of Determination of Series H Junior Participating Preferred Stock (the “ Certificate of Determination ”). The Certificate of Determination was filed with the Secretary of State of the State of California.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923019508/0001437749-23-019508-index.htm
- Material Agreements
  RiceBran Technologies entered into Tax Benefits Preservation Plan with American Stock Transfer & Trust, LLC valued at Rights to purchase one one-thousandth of a share of Series H Preferred Stock at $6.00 per right (effective 2023-07-06).
  - Action: entry
  - Counterparty: American Stock Transfer & Trust, LLC
  - Value: Rights to purchase one one-thousandth of a share of Series H Preferred Stock at $6.00 per right
  - Effective: 2023-07-06
  source text: The description and terms of the Rights are set forth in the Tax Benefits Preservation Plan, dated as of July 6, 2023 (the “ Rights Agreement ”), by and between the Company and American Stock Transfer & Trust, LLC, as rights agent (the “ Rights Agent ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923019508/0001437749-23-019508-index.htm

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