---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-002703"
form_type: "8-K"
ticker: null
cik: "0001063537"
company_name: "RiceBran Technologies"
filed_at: "2024-01-31T23:59:59+00:00"
generated_at: "2026-06-06T12:45:44.915112+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# RiceBran sells Golden Ridge rice mill for $2.15M; expects to cut annual net loss by ~$1.5M

## Summary
- Sold Golden Ridge mill in Wynne, Arkansas for $2.15M cash; buyer is Ridgefield Rice, LLC.
- Divestiture expected to reduce projected annual net loss by ~$1.5M based on Q3 2023 results.
- Preserves ~$54.4M federal and ~$46.0M state NOL carryforwards as of Dec 31, 2022.
- Gander Foods LLC received 106,667 shares upon termination of operating agreement related to the mill.
- Company now focuses on MGI barley/oats mill in East Grand Forks, MN and strategic restructuring.

## SEC filing metadata
- accession: 0001437749-24-002703
- form_type: 8-K
- cik: 0001063537
- company_name: RiceBran Technologies
- filed_at: 2024-01-31T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.01, 9.01, 3.02, 7.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063537/000143774924002703/0001437749-24-002703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063537/000143774924002703/ribt20240130_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-002703
- JSON: https://secwatch.observer/filing/0001437749-24-002703.json
- Plain text: https://secwatch.observer/filing/0001437749-24-002703.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774924002703/0001437749-24-002703-index.htm
- Material Agreements
  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
  source text: 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”)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774924002703/0001437749-24-002703-index.htm

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