Mama’s Creations, Inc. Announces Proposed Public Offering of Common Stock by Selling Stockholders
18 Dicembre 2023 - 10:10PM
Mama’s Creations, Inc. (Nasdaq: MAMA) (“Mama’s Creations” or the
“Company”), a leading national marketer and manufacturer of fresh
Deli prepared foods, today announced that a proposed underwritten
public offering of 5,629,921 shares of common stock of the Company
by certain selling stockholders affiliated with Matthew Brown and
Karen Wolf (the “Selling Stockholders”) has commenced. The Company
is not selling any shares in the offering and will not receive any
of the proceeds from the sale of the shares being offered by the
Selling Stockholders. The Selling Stockholders will bear the costs
associated with the sale of such shares, including underwriting
discounts and commissions.
Craig-Hallum is acting as sole book running
manager and Roth Capital Partners, LLC is acting as co-manager for
this offering.
A registration statement on
Form S-3 relating to the public offering of the shares of
common stock described above was filed with the Securities and
Exchange Commission (“SEC”) and was declared effective on November
13, 2023. The proposed offering will be made only by means of a
prospectus and a prospectus supplement. A copy of the preliminary
prospectus supplement describing the terms of the offering will be
filed with the SEC and will form a part of the effective
registration statement. Copies of the preliminary prospectus
supplement and the accompanying prospectus relating to the offering
may be obtained, when available, from Craig-Hallum Capital Group
LLC, Attention: Equity Capital Markets, 222 South 9th Street, Suite
350, Minneapolis, Minnesota 55402, by telephone at (612) 334-6300,
or by email at prospectus@chlm.com; or Roth Capital Partners, LLC,
888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, (800)
678-9147; or at the SEC’s website at http://www.sec.gov.
This press release shall not constitute an offer
to sell, or a solicitation of an offer to buy, nor shall there be
any sale of these securities in any state or jurisdiction in which
such an offer, solicitation, or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction.
About Mama’s Creations,
Inc.
Mama’s Creations, Inc. (NASDAQ: MAMA) is a
leading marketer and manufacturer of fresh deli prepared foods,
found in over 8,000 grocery, mass, club and convenience stores
nationally. The Company’s broad product portfolio, born from
MamaMancini’s rich history in Italian foods, now consists of a
variety of high quality, fresh, clean and easy to prepare foods to
address the needs of both our consumers and retailers. Our vision
is to become a one-stop-shop deli solutions platform, leveraging
vertical integration and a diverse family of brands to offer a wide
array of prepared foods to meet the changing demands of the modern
consumer. For more information, please
visit https://mamascreations.com.
Forward-Looking Statements
This press release may contain “forward-looking
statements” within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934 and the Private Securities Litigation Reform Act of 1995,
regarding the Company, which may include, but are not limited to,
statements with respect to the proposed public offering, the
satisfaction of customary closing conditions, and other statement
that are predictive in nature. The offering is subject to market
and other conditions and there can be no assurance as to whether or
when the offering may be completed or as to the actual size or
terms of the offering. “Forward-looking statements” describe future
expectations, plans, results, or strategies and are generally
preceded by words such as “may,” “future,” “plan” or “planned,”
“will” or “should,” “expected,” “anticipates,” “draft,”
“eventually” or “projected.” You are cautioned that such statements
are subject to a multitude of risks and uncertainties that could
cause future circumstances, events, or results to differ materially
from those projected in the forward-looking statements, including
the risks that actual results may differ materially from those
projected in the forward-looking statements as a result of various
factors, and other risks identified in the Company’s 10-K for the
fiscal year ended January 31, 2023, the 10-Q for the quarter ended
October 31, 2023 and other filings made by the Company with the
Securities and Exchange Commission.
Investor Relations
Contact:Lucas A. ZimmermanManaging DirectorMZ Group – MZ
North America(949) 259-4987MAMA@mzgroup.uswww.mzgroup.us
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