SCOTTSDALE, Arizona,
November 18, 2013 /PRNewswire/ --
RiceBran Technologies (OTCQB: RIBT) ("RBT") today announced that
it is offering shares of its common stock and warrants to purchase
shares of its common stock in an underwritten public offering.
Maxim Group LLC will be acting as the sole book running
manager and Chardan Capital Markets, LLC and Dawson James
Securities, Inc. will be acting as co-managers for the offering.
RBT intends to use the net proceeds from the offering to
complete its recently announced planned acquisition of H&N
Distribution, Inc., to fund expansion and upgrades of its plant
operations in both Brazil and
the United States, to invest in
expanded sales and marketing activities, to invest in product
research and development and for general working capital
purposes. In connection with the anticipated closing of the
proposed offering, RBT expects to list on the NasdaqCM.
RBT has filed a registration statement on Form S-1 with the
Securities and Exchange Commission in connection with the proposed
offering. This offering will be made only by means of a
prospectus. A prospectus relating to the offering will be
filed with the SEC and will be available on the SEC's website at
sec.gov once filed.
The registration statement relating to these securities that has
been filed with the SEC has not yet become effective. These
securities may not be sold, nor may offers to buy be accepted,
prior to the time the registration statement becomes effective.
This press release shall not constitute an offer to sell, or the
solicitation of an offer to buy, any of the securities described
herein, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction. Once
available, copies of the prospectus relating to this offering may
be obtained from Maxim Group LLC 405 Lexington Avenue, New York, NY 10174, (800) 724-0761.
About RiceBran Technologies
RiceBran Technologies is a human food ingredient and animal
nutrition company focused on the procurement, bio-refining and
marketing of numerous products derived from rice bran. Rice Bran
Technologies has proprietary and patented intellectual property
that allows us to convert rice bran, one of the world's most
underutilized food sources, into a number of highly nutritious
human food ingredient and animal nutrition products. Our target
markets are human food ingredient and animal nutrition
manufacturers and retailers, as well as natural food, functional
food and nutritional supplement manufacturers and retailers, both
domestically and internationally. More information can be found in
our filings with the SEC and by visiting our website at
http://www.ricebrantech.com.
Forward-Looking Statements
This release contains forward-looking statements, including, but
not limited to, statements about RiceBran Technologies'
expectations of raising capital through an offering of common stock
and warrants, using proceeds from an offering and listing on the
NasdaqCM. These statements are made based upon current expectations
that are subject to known and unknown risks and uncertainties.
RiceBran Technologies does not undertake to update forward-looking
statements in this news release to reflect actual results, changes
in assumptions or changes in other factors affecting such
forward-looking information. Assumptions and other information that
could cause results to differ from those set forth in the
forward-looking information can be found in RiceBran Technologies'
filings with the Securities and Exchange Commission, including its
most recent periodic reports.
Investor Contact:
Ascendant Partners, LLC
Fred Sommer
+(732)410-9810
fred@ascendantpartnersllc.com
SOURCE RiceBran Technologies