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RiceBran Technologies to price public sale of common-share units
Units sold through Maxim Group to fund capital contributions to Nutra
By Devika Patel
Knoxville, Tenn., June 19 – RiceBran Technologies will price a public offering of units with a 45-day greenshoe, according to a preliminary prospectus supplement filed Thursday with the Securities and Exchange Commission.
The units will include common shares and five-year warrants.
Maxim Group LLC is the bookrunner.
Proceeds will be used for capital contributions to Nutra SA, to pay off the company’s senior revolving note and for general corporate purposes.
The Scottsdale, Ariz., company produces human and animal food products derived from rice bran.
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