Mama's Creations Has Priced Its Underwritten Public Offering Of 5.63M Shares By Certain Selling Stockholders Affiliated With Matthew Brown And Karen Wolf At $3.50 Per Share
Portfolio Pulse from Benzinga Newsdesk
Mama's Creations (MAMA) has announced the pricing of an underwritten public offering of 5.63 million shares at $3.50 each. The shares are being sold by stockholders affiliated with Matthew Brown and Karen Wolf, not by the company itself.
December 19, 2023 | 12:46 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Mama's Creations' stockholders affiliated with Matthew Brown and Karen Wolf are selling 5.63 million shares at $3.50 per share in a public offering. This sale does not involve the issuance of new shares by the company.
Since the shares are being sold by existing stockholders and not by Mama's Creations itself, the offering does not dilute current shareholders' equity. However, the market's reaction to such a large offering could still influence the stock price, depending on the demand for these shares and the perception of investors about the intentions of the selling stockholders. The price set for the offering may also provide a benchmark for the stock's value in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100