RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
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Entry into Material Definitive Agreement
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its Investor Rights Agreement (the Amendment) with AF Bran
Holdings-NL LLC and AF Bran Holdings LLC, (AFBH-NL and AFBH
collectively referred to as AF), Industria Riograndese de Oleos
Vegetais Ltda and Nutra SA, LLC (Nutra SA). to the Amendment, the
parties waived and terminated AFs right under Section 6.2 of the
Investor Rights Agreement to exchange AFs membership interest in
Nutra SA for shares of the Companys common stock. In exchange for
the waiver and termination of this right, the Company paid
$100,000.00 to AF.
purport to be complete and is qualified in its entirety by the
full text of the Amendment, which is attached Exhibit 10.1 hereto
and incorporated by reference herein.
| Item 2.02 |
Results of Operations and Financial Condition
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that will disclose, among other things, information relating to
the Companys stockholders equity as of March 31, 2017. The press
release is attached hereto as Exhibit 99.1.
this Current Report on Form 8-K shall not be deemed filed for
purposes of Section 18 of the Securities Exchange Act of 1934
(the Exchange Act), or otherwise subject to the liabilities of
that section, nor shall it be deemed incorporated by reference in
any filing under the Securities Act of 1933 or the Exchange Act,
whether made before or after the date hereof, regardless of any
general incorporation language in such filing.
| Item 9.01 |
Financial Statements and Exhibits
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Exhibit No.
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Description
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10.1
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Second Waiver of Investor Rights Agreement, dated as of
March 31, 2017. |
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99.1
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Press Release issued April 7, 2017.
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About RICEBRAN TECHNOLOGIES (NASDAQ:RIBT)
RiceBran Technologies is a human food ingredient, functional food ingredient, packaged functional food and animal nutrition company. The Company is focused on processing and marketing of nutrient dense products derived from raw rice, an underutilized by-product of the rice milling industry. The Company has two operating segments. The USA segment manufactures and distributes stabilized rice bran (SRB) (for human food ingredient and animal nutrition customers) and derivative products. The Brazil segment extracts crude rice bran oil (RBO) and defatted rice bran (DRB) from rice bran, which are then further processed into fully refined rice bran oil for sale internationally and in Brazil, compounded animal nutrition products for horses, cows, swine, sheep and poultry and a range of human food and animal nutrition products. The Brazil segment consists of the operations of Nutra S.A. LLC subsidiary, whose only operating subsidiary is Industria Riograndens De Oleos Vegetais Ltda. (Irgovel). RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) Recent Trading Information
RICEBRAN TECHNOLOGIES (NASDAQ:RIBT) closed its last trading session 00.000 at 0.840 with shares trading hands.