MamaMancini's closes Series B Preferred offering raising $1.365M; terminates AGES agreement

Mama's Creations, Inc.

Sold final 7,400 Series B shares at $25/share for $185K, total gross proceeds $1.365M.
Each Series B share convertible into 15 common shares (implied $1.66/common); 8% cumulative dividend.
Company may force conversion at $2.00/common after 6 months if stock > $2.00 for 30 consecutive days.
Offering terminated Nov 27, 2022; placement agent AGES paid $54,600 in commissions.
Securities issued under Section 4(2) and Regulation D, unregistered sale.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Mama's Creations, Inc. terminated Managing Broker Dealer Agreement with AGES Financial Services, Ltd (effective 2022-11-17).

Action: termination
Agreement: underwriting
Counterparty: AGES Financial Services, Ltd
Effective: 2022-11-17

Exact text from the filing

on November 17, 2022, the Company notified AGES Financial Services, Ltd (“AGES”) (the placement agent for this offering) that it was terminating the offering and Managing Broker Dealer Agreement, effective as of November 17, 2022.

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Mama's Creations, Inc. filing history →

Source: SEC EDGAR

accession 0001493152-22-033829

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