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The securities in the offering include up to 22,222,223 shares of NutraCeacommon stock and warrants to purchase up to 6,666,666 shares of NutraCeacommon stock, which securities are being offered in "units" at a price of $.90per unit. Each unit consists of one share of NutraCea common stock and a 5year warrant to purchase 0.3 of a share of NutraCea common stock at anexercise price of $1.20 per share for each share of common stock that theinvestor purchases in the offering.
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Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & RenshawCapital Group, Inc. (Nasdaq: RODM), acted as the exclusive placement agent forthe offering.
This press release shall not constitute an offer to sell or thesolicitation of an offer to buy, nor shall there be any sale of thesesecurities in any jurisdiction in which such offer, solicitation or sale wouldbe unlawful. Any offer will be made only by means of a prospectus, including aprospectus supplement, forming a part of the effective registration statement.Copies of the prospectus supplement together with the accompanying prospectuscan be obtained at the Securities and Exchange Commission's website athttp://www.sec.gov or from Rodman & Renshaw, LLC, 1270 Avenue of the Americas,16th Floor, New York, NY, 10020.
About NutraCea
NutraCea is a leader in stabilized rice bran nutrient research and dietarysupplement development. Through its wholly owned subsidiary RiceX, the companymanufactures and distributes products and food ingredients made from rice branthrough its proprietary technology and processes. The company has developedintellectual properties to create a range of proprietary product formulations,delivery systems and whole food nutrition products. NutraCea's proprietarytechnology enables the creation of food and nutrition products from rice bran,normally a wasted by-product of standard rice processing. In addition to itswhole foods products, NutraCea develops families of health-promoting"nutraceuticals," including natural arthritis relief and cholesterol-loweringproducts. More information can be found in the company's filings with theSEC, and at the company's Web site http://www.NutraCea.com.
Safe Harbor Statement
This release contains forward-looking statements, including statementsregarding our production capability, revenue growth, profitability, futureacquisitions and strategic opportunities. Actual results may differ fromthose projected due to a number of risks and uncertainties, including, but notlimited to the matters specified in the Company's filings with the Securitiesand Exchange Commission. These statements are made based upon currentexpectations that are subject to risk and uncertainty. The Company does notundertake to update forward-looking statements in this news release to reflectactual results, changes in assumptions or changes in other factors affectingsuch forward-looking information. Assumptions and other information that couldcause results to differ from those set forth in the forward-lookinginformation can be found in the Company's filings with
