MamaMancini's raises $1.18M in initial close of Series B preferred offering

Mama's Creations, Inc.

Sold 47,200 Series B shares at $25 each for gross proceeds of $1,180,000.
Total offering is up to 200,000 shares ($5M); placement agent AGES received $47,200 commission.
Series B pays 8% cumulative annual dividend; convertible into common at $1.66/share.
Company can force conversion after 6 months if common closes at $2.00+ for 30 days.
Securities issued under Section 4(2) and Regulation D; unregistered sale to accredited investors.

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