secwatch.observer — SEC 8-K summary
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Issuer:     Mama's Creations, Inc. (MAMA)
CIK:        0001520358
Form:       8-K
Filed at:   2023-06-29T23:59:59+00:00
Accession:  0001493152-23-022846
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MamaMancini's acquires remaining 76% of Chef Inspirational Foods for $3.65M
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- Total consideration $3.65M: $950k cash at close, $1.2M cash on 1st anniversary, $1.5M in stock on 2nd anniversary.
- Acquisition makes CIF a wholly-owned subsidiary; MamaMancini's previously owned 24% with an option to buy the rest.
- Sellers are Siegel Suffolk Family, LLC and R&I Loeb Family, LLC; includes five-year non-competition and registration rights.
- Stock portion valued using 20-day average closing price prior to each payment; fractional shares settled in cash.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1520358/000149315223022846/0001493152-23-022846-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1520358/000149315223022846/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-022846

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