RiceBran Technologies Adopts Tax Benefits Preservation Plan Designed to Protect the Availability of Its Tax Benefits
TOMBALL, TX / ACCESSWIRE / July 6, 2023 / RiceBran Technologies (NASDAQ:RIBT) ("RiceBran" or the "Company"), a global leader in the development and manufacture of nutritional and functional ingredients derived from rice and other small and ancient grains for human food, nutraceutical, pet care and equine feed applications, today announced that its Board of Directors (the "Board") has adopted a Tax Benefits Preservation Plan (the "Tax Plan").The Company has significant U.S. federal and state net operating loss carryforwards ("NOLs"). As of December 31, 2022, the Company has U.S. federal NOLs of approximately $54.4 million that can be used to offset taxable income, of which approximately $44.7
