MamaMancini's Holdings Inc (MMMB)

[Big Brother]

Company raised $5M in private placement offerings recently @ a price of $1.50 per share, would not be surprised to see some aggressive stock 'promotional' activity picking up here soon IMO.

Also, here is a look at the Investor Presentation

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=9559678

On October 16, 2013, MamaMancini’s Holdings, Inc. (the “Company”) conducted the ninth and final closing (the “Final Closing”) of a private placement offering to accredited investors (the “Offering”) of the Company’s restricted common stock, par value $0.00001 per share (the “Common Stock”) at a price of $1.50 per share.

In connection with the Ninth Closing, the Company entered into definitive subscription agreements (the “Subscription Agreements”) with 13 accredited investors (the “Investors”) and issued an aggregate of 562,004 shares of Common Stock for aggregate gross proceeds to the Company of $843,000.

The Company utilized the services of Spartan Capital Securities, LLC, a FINRA registered placement agent (the “Placement Agent”) for the Offering. In connection with the Ninth Closing, the Company paid the Placement Agent an aggregate cash fee and non-accountable allowance of $ 109,590 and will issue the Placement Agent or its designees warrants to purchase 56,200 shares of Common Stock at $1.50 per share (the “Warrants”). The Warrants are expected to be issued upon the consummation of the Offering. The net proceeds to the Company from the Final Closing, after deducting the forgoing fees and other Offering expenses, are expected to be approximately $ 733,410.

To date, the Company has issued 3,333,375 shares of its Common Stock and has received aggregate gross proceeds of $5,000,000 from the Offering.

The Company intends to use the proceeds of the placement for general corporate purposes, including general and administrative expenses. The closing occurred following the satisfaction of customary closing conditions.


The Subscription Agreement contains representations and warranties that the parties made to, and solely for the benefit of, the other in the context of all of the terms and conditions of that agreement and in the context of the specific relationship between the parties. The provisions of subscription agreement, including the representations and warranties contained therein, are not for the benefit of any party other than the parties to such agreements, and are not intended as documents for investors and the public to obtain factual information about the current state of affairs of the parties to those documents and their agreements.