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Stock impact report

RiceBran Technologies Announces Pricing of Public Offering of Common Stock

RiceBran Technologies (RIBT) 
Last ricebran technologies earnings: 8/10 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ricebrantech.com/investor-relations
Company Research Source: PR Newswire
THE WOODLANDS, Texas, Dec. 17, 2019 /PRNewswire/ -- RiceBran Technologies (NASDAQ: RIBT), a global leader in the production and marketing of value-added products derived from rice bran and a producer of rice, rice co-products, and barley and oat products, announced today the pricing of an underwritten registered public offering of 5,900,000 shares of its common stock at a price to the public of $1.25 per share, for gross proceeds of approximately $7.4 million. In addition, the company granted the underwriter a 30-day option to purchase up to an additional 885,000 shares of its common stock to cover over-allotments, if any. All shares of common stock sold in the offering are being sold by the company. The company expects to close the offering on or about December 19, 2019, subject to the satisfaction of customary closing conditions.The company anticipates that the aggregate net proceeds from the offering will be approximately $6.8 million, after deducting the underwriting discounts and Show less Read more
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