RiceBran Technologies (RIBT)

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RiceBran Technologies Regains Compliance with NASDAQ Listing Requirements

http://ih.advfn.com/p.php?pid=nmona&article=75357936&symbol=RIBT

RiceBran Technologies (NASDAQ: RIBT and NASDAQ: RIBTW) ("RBT" or "Company"), a global leader in the production and marketing of value-added products derived from rice bran, today announced that it received notice from The NASDAQ Stock Market LLC (NASDAQ) indicating that the Company has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on The NASDAQ Capital Market. Accordingly, RBT is in compliance with all applicable listing standards and its common stock and warrants will continue to be listed on The NASDAQ Capital Market and NASDAQ considers the matter closed.

RBT had previously been notified by NASDAQ on March 10, 2017, that it was not in compliance with the minimum bid price rule because its common stock failed to meet the closing bid price of $1.00 or more for 30 consecutive trading days. In order to regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days. This requirement was met on July 31, 2017, the tenth consecutive trading day when the closing bid price of the Company's common stock was over $1.00.