RiceBran Technologies falls on $6.8 mln stock deal
17/12/2019 15:12
** Food processing co's shares RIBT.O slip 2.2% to $1.34,
set to post its 2nd straight session of losses
** Prices offering of 5.9 mln shares at $1.25/shr, which
represents ~9% discount to stock's last close urn:newsml:reuters.com:*:nPn4mLQSMa
** Offering to result in net proceeds of $6.8 mln, and size
represents about 19% of co's free float
** Stock has plunged 55% YTD
(Reporting by C Nivedita in Bengaluru)
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