RiceBran Technologies (NASDAQ:RIBT) Stock Continues to Move Lower: Here is Why
RiceBran Technologies (NASDAQ:RIBT) fell 12% after announcing a definitive agreement with an institutional investor to purchase securities. Once the agreement is finalized, the company will be eligible to receive gross proceeds of around $3 million, excluding any proceeds realized once the investor exercises warrants. According to the agreement, the investor has agreed to purchase 2.3075 million common shares of the company at $0.65 per share. Equally, the investor will agree…