RiceBran Technologies (RIBT) has released an update to notify the public and investors about the unregistered sales of equity securities.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
On January 24, 2024, the Company, GRR, and Gander Foods terminated an Operating Agreement under which Gander Foods managed rice milling operations for the Company and GRR. This termination coincided with Gander Foods achieving full vesting in its unvested Restricted Stock Units (RSUs), leading to the issuance of 106,667 unrestricted shares of common stock to Gander Foods in alignment with the terms specified in their previously amended RSU Agreement.
For further insights into RIBT stock, check out TipRanks’ Stock Analysis page.
For a comprehensive understanding of the announcement, you can read the full document here.