---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-033783"
form_type: "8-K"
ticker: null
cik: "0001063537"
company_name: "RiceBran Technologies"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T16:46:13.884528+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# RiceBran Technologies secures $4M financing from Funicular Funds, repays term loan, exchanges warrants

## Summary
- Funicular invests $4M: $400K in stock at $0.18/share, $3.6M net secured note at 13.5% interest, 5-year maturity, warrants for 5.0M shares at $0.18.
- Repaid ~$1.5M term loan to Republic; terminated note, mortgage, and amended receivables agreement with intercreditor arrangement.
- Exchanged ~2.2M existing warrants for 628,810 common shares plus 1.2M new warrants (Sabby) exercisable at $0.2016 for 3 years.
- Post-transaction: ~9.5M shares outstanding, ~16.4M fully diluted; Funicular could own 49.8% if warrants exercised.
- Board continues exploring strategic alternatives to maximize asset and platform value; Tax Benefits Preservation Plan maintained.

## SEC filing metadata
- accession: 0001437749-23-033783
- form_type: 8-K
- cik: 0001063537
- company_name: RiceBran Technologies
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063537/000143774923033783/0001437749-23-033783-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063537/000143774923033783/ribt20231205_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-033783
- JSON: https://secwatch.observer/filing/0001437749-23-033783.json
- Plain text: https://secwatch.observer/filing/0001437749-23-033783.txt

## Key facts
- Debt Financings
  RiceBran Technologies incurred loan of $4,000,000 with Funicular Funds, LP at 13.50% maturing December 1, 2028.
  - Instrument: loan
  - Principal: $4,000,000
  - Counterparty: Funicular Funds, LP
  - Rate: 13.50%
  - Maturity: December 1, 2028
  - Event: incurrence
  source text: evidencing the loan made to the Company by Funicular in the aggregate principal amount of $4 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774923033783/0001437749-23-033783-index.htm

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