MamaMancini's concludes $455,500 of $1.72 million placement of shares

Offer sells 1.15 million shares via agent Spartan Capital Securities

By Devika Patel

Knoxville, Tenn., July 25 - MamaMancini's Holdings, Inc. settled a $455,500 second tranche of a $1.72 million private placement of stock on July 19, according to an 8-K filed Thursday with the Securities and Exchange Commission. Spartan Capital Securities, LLC is the agent for the deal, which raised $1.27 million on July 12.

The company sold 1,148,351 common shares at $1.50 per share, a 25% discount to the closing share price of $2.00 on July 11. It sold 844,681 shares in the first tranche and 303,670 shares in the second.

Proceeds will be used for general corporate purposes, including general and administrative expenses.

Based in East Rutherford, N.J. MamaMancini's manufactures and distributes a line of beef meatballs and sauces.

Issuer:	MamaMancini's Holdings, Inc.
Issue:	Common stock
Amount:	$1,722,527
Shares:	1,148,351
Price:	$1.50
Warrants:	No
Agent:	Spartan Capital Securities, LLC
Settlement date:	July 12 (for $1,267,022), July 19 (for $455,500)
Stock symbol:	OTCBB: MMMB
Stock price:	$2.00 at close July 11
Market capitalization:	$41.71 million

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