other material
confidence high
sentiment neutral
materiality 0.50
MamaMancini's engages AGES for $5M Series B Convertible Preferred offering
Mama's Creations, Inc.
- Engaged AGES Financial Services as non-exclusive placement agent for up to $5M of Series B Convertible Preferred Stock in Rule 506(b) private placement.
- AGES will receive 4% cash fee on investor proceeds from sourced investors plus five-year warrants at $2.25 per share (1 warrant per $100 raised).
- Engagement period from July 5, 2022 through December 31, 2022; either party may terminate for any reason.
- Company responsible for all offering expenses including registration of common stock underlying conversion.
- This engagement is non-exclusive; company may pursue other financing sources simultaneously.