Item 8.01 Other Events
On September 12, 2022, RiceBran Technologies (the "Company") received a notice
from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock
Market LLC ("Nasdaq") notifying the Company that it has regained compliance with
the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) (the
"Minimum Bid Price Rule"), which requires that a Nasdaq-listed company's common
stock maintain a minimum bid price of at least $1.00 per share.
As previously reported by the Company in its Form 8-K filed on September 20,
2021, with the U.S. Securities and Exchange Commission, on September 15, 2021,
the Company received a notice from the Staff that the Company had not been in
compliance with the Minimum Bid Price Rule for a period of 30 consecutive
business days. On March 15, 2022, the Company received a 180-day extension from
the Staff to meet Nasdaq's continuing listing requirements by maintaining a
minimum bid price per share of $1.00 for a minimum of 10 consecutive business
days. The Company had until September 12, 2022 to meet Nasdaq's Minimum Bid
Rule.
The Nasdaq letter, dated September 12, 2022, stated the Staff had determined
that for the prior 10 consecutive business days, from August 26, 2022 to
September 9, 2022, the closing bid price of the Company's common stock had been
at $1.00 per share or greater and that accordingly, the Company had regained
compliance under the Minimum Bid Price Rule, and that the matter was now closed.
Item 9.01 Financial Statements and Exhibits.
Exhibit No. Description
99.1 Press Release issued September 14,
2022.
104 Cover Page Interactive Data File
(embedded within the Inline XBRL
document)
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