---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-033613"
form_type: "8-K"
ticker: null
cik: "0001063537"
company_name: "RiceBran Technologies"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:17:46.816943+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 1.0
calibrated_materiality_score: 1.0
confidence: "high"
source: SEC EDGAR
---

# RiceBran Technologies ceases ops; creditor Funicular acquires assets via $3.5M credit bid

## Summary
- Company defaulted on $5.4M secured notes; creditor accelerated maturity on Sept 20, 2024.
- Public auction held Oct 24, 2024; Funicular Funds credit bid $3.5M for substantially all assets.
- Sale closed Oct 31, 2024; company ceased all business operations.
- Borrower had no funds to repay and no commitments for additional funds.
- MGI Grain equity and other assets transferred; remaining debt still owed but unsecured.

## SEC filing metadata
- accession: 0001437749-24-033613
- form_type: 8-K
- cik: 0001063537
- company_name: RiceBran Technologies
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 1.0
- calibrated_materiality_score: 1.0
- confidence: high
- sec_items: 1.01, 8.01, 2.01, 2.04, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1063537/000143774924033613/0001437749-24-033613-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1063537/000143774924033613/ribt20241106_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-033613
- JSON: https://secwatch.observer/filing/0001437749-24-033613.json
- Plain text: https://secwatch.observer/filing/0001437749-24-033613.txt

## Key facts
- M&A Transactions
  RiceBran Technologies completed a disposition involving Cibus Corp. (closed 2024-11-01).
  - Action: disposition
  - Counterparty: Cibus Corp.
  - Closing: 2024-11-01
  source text: Item 2.01 Completion of Acquisition or Disposition of Assets. The information set forth under Item 8.01 of this Current Report on Form 8-K is incorporated into this Item 2.01 by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1063537/000143774924033613/0001437749-24-033613-index.htm

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