RiceBran Technologies: Nasdaq/NYSE listing notice — RiceBran Technologies to be delisted from Nasdaq on Nov 8; moves to OTC Pink

RiceBran Technologies

Received Nasdaq Staff Determination on Oct 30 for failing minimum $2.5M stockholders' equity requirement.
Company will not appeal; trading suspension set for open of business on November 8, 2023.
Common stock expected to begin quoting on OTC Pink under symbol 'RIBT' effective November 7, 2023.
No assurance of continued trading or sufficient liquidity on OTC Pink market.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.97

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

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

Exact text from the filing

October 30, 2023, RiceBran Technologies (the “Company”) received a Staff Delisting Determination (the “Staff Determination”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”). The Staff Determination was issued as a result of the Company failing to comply with the minimum $2,500,000 stockholders’ equity requirement for continued listing as set forth in Nasdaq Listing Rule 5550(b) (the “Listing Requirement”). On the basis of the Staff’s review and materials submitted by the Company to Nasdaq on October 9, 2023 and October 23, 2023, the Staff dete

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Source: SEC EDGAR

accession 0001437749-23-030019

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