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$2 million financing completed by RiceBran Technologies (NASDAQ:RBIT)
XDATA - February 27th 2017
A $2 million unregistered equity financing by RiceBran Technologies successfully drew to a close. The brokered investment round was placed among nine investors. The subscription started on February 13th. The private placement's expected net proceeds amounts to $1.93 million which excludes $68,000 paid in brokerage fees. A total of eight unregistered securities offerings closed by the company raised an estimated $144.28 million.
RiceBran Technologies trades under symbol NASDAQ: RBIT
The company is a human food ingredient and animal nutrition organization focused on the procurement, bio-refining and marketing of numerous products derived from rice bran. It has proprietary and patented intellectual property that allows the company to convert rice bran into a number of highly nutritious human food ingredient and animal nutrition products.
The company, headquartered in Scottsdale AZ, is led by Robert Smith (President). Revenues on or below $100 million were reported by RiceBran Technologies.
The executive team includes Jerry Dale Belt.
The board of directors includes Ari Gendason, Baruch Halpern, Beth Bronner, Brent Rosenthal, David Goldman and Henk Hoogenkamp.

In a concurrent filing, RiceBran Technologies disclosed having raised $6 million in a fully subscribed offering.
The company has raised an estimated total of $152.28 million via private unregistered security offerings.
Offering recap
Status: Completed
Company: RiceBran Technologies
Industry: Other
Amount offered: $2 million
Amount placed: $2 million
SEC filing: Source
First sale: 02-13-2017
Data as of: 02-15-2017
Similar transactions 2015 Map: Merchant Category
Change: offered -25% / raised +29% / placed 100%
2015-06-08 Green Zebra Grocery filed $2.23 million in additional commitments
Change: offered +100% / raised +100% / placed 100%
2015-02-20 Midwestern BioAg disclosed issuing $6 million worth of equity
2015-02-12 Mud Bay files details on its $81,000 financing
2014-03-25 First close initiated by Asian Food Center Beaverton after raising 25% of its $6 million target
Largest Transactions by Amount Raised : Food, Animal feed Products
 Entity NameOffer Date $ SoughtDelta $ Sought$ RaisedSecurity OfferedIndustryFiling Type/
SEC Source
 Instacart2017-03-02500,000,000500,000,000413,018,774EquityOther Technologyoriginal
 Instacart2018-02-07249,999,944249,999,944194,999,906EquityOther Technologyoriginal
 Gourmet Acquisition Holdings2013-04-15167,319,490167,319,490167,319,490EquityOtheroriginal
 Instacart2018-04-13350,000,022100,000,078154,099,755EquityOther Technologyamendment
All dollar amounts are derived from filings lodged with the SEC by the company under current and previous names.
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