SACRAMENTO, California,
August 1, 2017 /PRNewswire/ --
RiceBran Technologies (NASDAQ: RIBT and NASDAQ:
RIBTW) ("RBT" or "Company"), a global leader in the production and
marketing of value-added products derived from rice bran, today
announced that it received notice from The NASDAQ Stock Market
LLC (NASDAQ) indicating that the Company has regained
compliance with the minimum bid price requirement under NASDAQ
Listing Rule 5550(a)(2) for continued listing on The NASDAQ Capital
Market. Accordingly, RBT is in compliance with all applicable
listing standards and its common stock and warrants will continue
to be listed on The NASDAQ Capital Market and NASDAQ considers the
matter closed.
RBT had previously been notified by NASDAQ on March
10, 2017, that it was not in compliance with the minimum bid
price rule because its common stock failed to meet the closing bid
price of $1.00 or more for 30 consecutive trading days.
In order to regain compliance with the Rule, the Company was
required to maintain a minimum closing bid price
of $1.00 or more for at least 10 consecutive trading
days. This requirement was met on July 31, 2017, the tenth
consecutive trading day when the closing bid price of the Company's
common stock was over $1.00.
About RiceBran Technologies
RiceBran Technologies is a food, animal nutrition, and specialty
ingredient company focused on the procurement, bio-refining and
marketing of numerous products derived from rice bran. RiceBran
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
food, animal nutrition and specialty ingredient products. Our
global target markets are food and animal nutrition manufacturers
and retailers, as well as specialty food, functional food and
nutritional supplement manufacturers and retailers. More
information can be found in the Company's filings with the SEC and
by visiting our website at http://www.ricebrantech.com.
Investor Contact:
Ascendant Partners, LLC
Richard Galterio
(732) 410-9810
rich@ascendantpartnersllc.com
SOURCE RiceBran Technologies