MamaMancini's Drops After 18% Discount On Shareholder Equity Offering

6/22/23 10:15:01 AM ET

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MamaMancini's Holdings, Inc. (NASDAQ:MMMB) has priced the underwritten public secondary offering of 6.3 million shares by certain selling shareholders affiliated with Carl T. Wolf at $2.50 per share.

The offer price represents an 18.6% discount to the company's closing price on June 21.

In addition, the selling stockholders have granted the underwriters of the offering a 30-day option to purchase up to 942,163 additional shares at the public offering price.

MamaMancini's is not selling any shares in the offering, nor will it receive any of the proceeds.

The offering is expected to close on or about June 26, 2023.

Price Action: MMMB shares are trading lower by 10.2% at $2.75 on the last check Thursday.

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Date	Price Target	Rating	Analyst
1/5/2022	$4.84 → $3.25	Speculative Buy	Taglich Brothers

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MamaMancini's Announces Corporate Name Change to Mama's Creations and Ticker Change to MAMA
Name Change Reflects Corporate Evolution Into a National Deli Prepared Foods Platform Company Common Shares to Trade on Nasdaq Capital Market Under New Ticker Symbol "MAMA" at Market Open Tomorrow EAST RUTHERFORD, NJ, Aug. 01, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced a corporate name change to Mama's Creations, Inc. – reflecting its evolution into a national deli prepared foods platform company. In conjunction with the name change, the Company's common shares will continue to trade on The Nasdaq Capital Market under the new ticker symbol "MAMA" beginning tomorrow, August
8/1/23 8:31:00 AM ET
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MamaMancini's Acquires Remaining Interest in Chef Inspirational Foods
Acquisition Expected to be Accretive and Drive Immediate Gross Margin and Operating Expense Synergies $3.65 Million Purchase Price Composed of $2.15 Million of Cash in Two Tranches and $1.50 Million of Common Stock Payable in June 2025 EAST RUTHERFORD, NJ, June 29, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced that it has purchased the remaining 76% interest in Chef Inspirational Foods, Inc. ("CIF"), a deli prepared food sales agent, following up on the June 2022 acquisition of a 24% minority interest in CIF. The remaining 76% interest in CIF was purchased for $3.65 million
6/29/23 8:31:00 AM ET
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MamaMancini's Announces Pricing of the Public Secondary Offering of Common Stock by Selling Stockholders
EAST RUTHERFORD, NJ, June 22, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced the pricing of an underwritten public secondary offering of 6,281,085 shares of its common stock by certain selling stockholders affiliated with Carl T. Wolf (the "Selling Stockholders") at a price to the public of $2.50 per share. In addition, the Selling Stockholders have granted the underwriters of the offering a 30-day option to purchase up to 942,163 additional shares of common stock at the public offering price, less underwriting discounts and commissions. MamaMancini's is not selling any shares i
6/22/23 8:00:00 AM ET
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Financials

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MamaMancini's Acquires Remaining Interest in Chef Inspirational Foods
Acquisition Expected to be Accretive and Drive Immediate Gross Margin and Operating Expense Synergies $3.65 Million Purchase Price Composed of $2.15 Million of Cash in Two Tranches and $1.50 Million of Common Stock Payable in June 2025 EAST RUTHERFORD, NJ, June 29, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced that it has purchased the remaining 76% interest in Chef Inspirational Foods, Inc. ("CIF"), a deli prepared food sales agent, following up on the June 2022 acquisition of a 24% minority interest in CIF. The remaining 76% interest in CIF was purchased for $3.65 million
6/29/23 8:31:00 AM ET
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MamaMancini's Reports First Quarter Fiscal 2024 Financial Results
First Quarter Gross Margins Grew to 27.6% with $1.4 Million in Net Income, Driven by Continued Margin Enhancement Initiatives Company Sequentially Grows Cash Position to $5.3 Million and Pays Down $0.5 Million in Debt in the First Quarter, Enabled by $1.6 Million in Cash Flow from Operations EAST RUTHERFORD, NJ, June 13, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, has reported its financial results for the fiscal first quarter ended April 30, 2023. Financial Summary: Three Months Ended April 30, $ in millions 2023 2022 % Increase Revenues $23.1 $21.8 6%
6/13/23 4:05:00 PM ET
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MamaMancini's to Host First Quarter Fiscal 2024 Earnings Call on June 13 at 4:30 p.m. Eastern Time
EAST RUTHERFORD, NJ, June 07, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, will release financial results for the fiscal first quarter ended April 30, 2023 after market close on June 13, 2023. Management will host an investor conference call at 4:30 p.m. Eastern time on Tuesday, June 13, 2023 to discuss the Company's first quarter fiscal 2024 financial results, provide a corporate update, and conclude with Q&A from participants. To participate, please use the following information: Q1 FY2024 Earnings Conference CallDate: Tuesday, June 13, 2023Time: 4:30 p.m. Eastern timeU.S. Dial-in: 1-
6/7/23 8:31:00 AM ET
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MamaMancini's Appoints Former Mondelēz Executive Lauren Sella as Inaugural Chief Marketing Officer
Marketing Veteran to Help Spearhead New Marketing Organization, Leveraging 16 Years of Experience Across the Mondelēz Family of Brands EAST RUTHERFORD, NJ, June 01, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced the appointment of former Mondelēz International marketing executive Lauren Sella to the newly created role of Chief Marketing Officer. Lauren Sella brings over 16 years of consumer and customer marketing experience and a proven track record of achievement in consumer-packaged goods. She has driven integrated marketing strategies for an array of prominent brands includ
6/1/23 8:31:00 AM ET
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MamaMancini's Appoints Supply Chain Leader Joselina Peralta as Chief Procurement Officer
Senior Supply Chain Executive to Enhance Margins by Driving Organization-Wide Procurement and Supply Chain Effectiveness EAST RUTHERFORD, NJ, April 11, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced the appointment of Joselina Peralta as the Company's first Chief Procurement Officer and Senior Vice President of End to End Supply Chain. Joselina Peralta brings over 20 years of leadership experience to MamaMancini's in the areas of Global Supply Chain Logistics, Procurement, Project Management and Customer Centricity in domestic and international markets. Peralta has suc
4/11/23 8:31:00 AM ET
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MamaMancini's Appoints Shirley Romig to Board of Directors
Respected Operations Executive Brings 20+ Years of Digital-First Consumer Experience to the MamaMancini's Board of Directors EAST RUTHERFORD, NJ, March 09, 2023 (GLOBE NEWSWIRE) -- MamaMancini's Holdings, Inc. (NASDAQ:MMMB), a leading national marketer and manufacturer of fresh Deli prepared foods, today announced the appointment of consumer and digital technology executive Shirley Romig to its Board of Directors. Shirley brings more than 20 years of operations and public company corporate governance experience to the MamaMancini's Board of Directors. Shirley most recently served as CEO of Mixo, a startup building a new social commerce platform that simplifies digital food content cr
3/9/23 8:31:00 AM ET
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MamaMancini's Drops After 18% Discount On Shareholder Equity Offering

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Recent Analyst Ratings for
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SEC Filings

MamaMancini's Holdings Inc. filed SEC Form 8-K: Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits

SEC Form 424B4 filed by MamaMancini's Holdings Inc.

SEC Form 424B3 filed by MamaMancini's Holdings Inc.

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Press Releases

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MamaMancini's Announces Corporate Name Change to Mama's Creations and Ticker Change to MAMA

MamaMancini's Acquires Remaining Interest in Chef Inspirational Foods

MamaMancini's Announces Pricing of the Public Secondary Offering of Common Stock by Selling Stockholders

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Insider Trading

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Brown Matthew sold $19,704,724 worth of shares (5,629,921 units at $3.50) (SEC Form 4)

Blake Lynn Larson was granted 8,095 shares (SEC Form 4)

SEC Form 3 filed by new insider Blake Lynn Larson

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Large Ownership Changes

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SEC Form SC 13D/A filed by MamaMancini's Holdings Inc. (Amendment)

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MamaMancini's Announces Corporate Name Change To Mama's Creations And Ticker Change To MAMA