333-266194) previously filed with the Securities and Exchange Commission (the "SEC") and declared effective by the SEC on July 27, 2022. The shares of common stock (or common stock equivalents) described above (but not the warrants issued in the concurrent private placement or the shares of common stock underlying such warrants) are being offered by the Company pursuant to a "shelf" registration statement on Form S-3 (File No. The Company intends to use the net proceeds from this offering for general corporate purposes, which may include funding capital expenditures and working capital and repaying indebtedness. The gross proceeds to the Company from this offering are expected to be approximately $1.5 million, before deducting the placement agent's fees and other offering expenses payable by the Company. is acting as the exclusive placement agent for the offering. The warrants have an exercise price of $1.60 per share, are exercisable six months following issuance and will have a term of two and one-half years from the initial exercise date. In addition, in a concurrent private placement, the Company will issue to the investors warrants to purchase up to 2,000,000 shares of common stock. The closing of the offering is expected to occur on or about October 20, 2022, subject to the satisfaction of customary closing conditions. TOMBALL, TX / ACCESSWIRE / Octo/ RiceBran Technologies RIBT (the "Company"), a global leader in the development and manufacture of nutritional and functional ingredients derived from rice and other small and ancient grains for human food, nutraceutical, pet care and equine feed applications, today announced that it has entered into a definitive securities purchase agreement with institutional investors for the purchase and sale of 1,000,000 shares of the Company's common stock (or common stock equivalents) at a purchase price of $1.50 per share of common stock (or common stock equivalent) in a registered direct offering.
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