Company sells 5,054,000 common shares at $1.00 per share in offering
By Devika Patel
Knoxville, Tenn., March 11 - MamaMancini's, Inc. completed a $5.05 million private placement of stock on Dec. 5, according to an 8-K filed Monday with the Securities and Exchange Commission.
The company sold 5,054,000 common shares at $1.00 per share.
In connection with the placement, each investor will receive one Mascot Properties, Inc. share for each one share purchased in the placement.
Based in East Rutherford, N.J. MamaMancini's manufactures and distributes a line of beef meatballs and sauces. Based in Seminole, Fla., subsidiary Mascot Properties focuses on managing real estate properties, primarily related to student housing and services near universities. Both companies are privately held.
| Issuer: | MamaMancini's, Inc.
|
| Issue: | Common stock
|
| Amount: | $5,054,000
|
| Shares: | 5,054,000
|
| Price: | $1.00
|
| Warrants: | No
|
| Settlement date: | Dec. 5
|
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