secwatch / observer
8-K filed January 31, 2024, 6:59 PM ET CIK 0001063537
other material confidence high sentiment positive materiality 0.65

RiceBran Technologies: M&A transaction — RiceBran sells Golden Ridge rice mill for $2.15M; expects to cut annual net loss by ~$1.5M

RiceBran Technologies

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

RiceBran Technologies completed a disposition involving Ridgefield Rice, LLC for approximately $2.15 million in cash (closed 2024-01-25).

Action
disposition
Counterparty
Ridgefield Rice, LLC
Consideration
approximately $2.15 million in cash
Closing
2024-01-25
Exact text from the filing
use in connection with, the Business (excluding any Excluded Assets (as defined in the Agreement)) (together, the “Acquired Assets”), for total consideration of approximately $2.15 million in cash. In connection with the Transaction, Buyer assumed certain liabilities associated with the Acquired Assets and the operation of the Business. The Acquired Assets were
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

RiceBran Technologies entered into Asset Purchase Agreement with Ridgefield Rice, LLC valued at approximately $2.15 million in cash (effective 2024-01-25).

Action
entry
Agreement
asset purchase
Counterparty
Ridgefield Rice, LLC
Value
approximately $2.15 million in cash
Effective
2024-01-25
Exact text from the filing
On January 25, 2024, RiceBran Technologies (the “Company”) and Golden Ridge Rice Mills, Inc., a Delaware corporation and wholly owned subsidiary of the Company (“GRR”, and together with the Company, the “Sellers”), and Ridgefield Rice, LLC, an Arkansas limited liability company (“Buyer”) entered into that certain Asset Purchase Agreement (the “Agreement”)
View on SEC.gov

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Source: SEC EDGAR
accession 0001437749-24-002703
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