MamaMancini's Reports Pricing Of Secondary Offering Of 6,281,085 Shares Of Common Stock By Selling Stockholders At A Price Of $2.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
MamaMancini's announced the pricing of a secondary offering of common stock by selling stockholders at $2.50 per share. The selling stockholders have granted the underwriters a 30-day option to purchase up to 942,163 additional shares. MamaMancini's is not selling any shares in the offering.
June 22, 2023 | 12:03 pm
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MamaMancini's secondary offering priced at $2.50 per share may lead to short-term dilution for existing shareholders, but the company is not selling any shares in the offering.
The secondary offering of common stock at $2.50 per share may lead to short-term dilution for existing shareholders, as more shares are introduced into the market. However, it's important to note that MamaMancini's is not selling any shares in the offering, which means the company is not directly benefiting from the proceeds.
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