Above-the-Market Private Placement Raises $6.375 Million for RiceBran Technologies

SCOTTSDALE, AZ – 10/1/2014 – RiceBran Technologies (NASDAQ: RBIT and RIBTW) (the “Company” or “RBT”) today announced that it has entered into definitive agreements with institutional investors for the private placement of common stock and warrants to purchase common stock. Upon the closing of this transaction, RBT will receive gross proceeds of approximately $6.375 million from the issuance and sale of approximately 1.182 million units at a price of $5.395 per unit. Each unit consists of one share of common stock and one warrant to purchase an additional share of common stock at an exercise price of $5.27 per share. The warrants are non-exercisable for six months after the closing of the financing and have a term of 5.5 years.

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