RiceBran Technologies: Nasdaq/NYSE listing notice — RiceBran Technologies receives Nasdaq delisting notice due to shareholders' equity of $882k vs $2.5M minimum

RiceBran Technologies

Nasdaq notified Company on Aug 24, 2023 that shareholders' equity of $882k as of June 30, 2023 fails the $2.5M minimum requirement.
Company has 45 days (by Oct 9, 2023) to submit a plan to regain compliance; extension up to 180 days possible if plan accepted.
Board amended bylaws effective Aug 30, 2023 to fix the number of directors at five.
No immediate impact on listing; Company can appeal any rejection before a Nasdaq Hearings Panel.

item 3.01 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

RiceBran Technologies received a nasdaq deficiency notice notice regarding stockholders equity (rules 5550(b)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: stockholders equity
Rules: 5550(b)(1)

Exact text from the filing

equity be at least $2,500,000 (the “Stockholders’ Equity Requirement”). As reported in its Form 10-Q, the Company’s shareholders’ equity as of June 30, 2023 was approximately $882,000, and, as of August 24, 2023, the Company did not meet the alternative compliance standards of market value of listed securities or net income from continuing operations. The Notice

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

RiceBran Technologies: Fixed the exact number of directors at five (effective 2023-08-30).

Change: bylaw amendment
Effective: 2023-08-30

Exact text from the filing

On August 30, 2023, the Board of Directors of the Company approved an amendment to the Bylaws of the Company fixing the exact number of directors at five.

View on SEC.gov

Browse all listing & compliance notices →

Source: SEC EDGAR

accession 0001437749-23-024890

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.