RiceBran Technologies (RIBT) has released an update to notify the public and investors about the unregistered sales of equity securities.
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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.
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For a comprehensive understanding of the announcement, you can read the full document here.