secwatch.observer — SEC 8-K summary
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Issuer:     RiceBran Technologies (—)
CIK:        0001063537
Form:       8-K
Filed at:   2023-08-30T23:59:59+00:00
Accession:  0001437749-23-024890
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 3.01, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

RiceBran Technologies receives Nasdaq delisting notice due to shareholders' equity of $882k vs $2.5M minimum
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1063537/000143774923024890/0001437749-23-024890-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1063537/000143774923024890/ribt20230828_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-024890

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