8-K
Mama's Creations, Inc. (MAMA)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
PURSUANT
TO SECTION 13 OR 15(D) OF
THE
SECURITIES EXCHANGE ACT OF 1934
Dateof Report (Date of earliest event reported): June 28, 2022
MamaMancini’sHoldings, Inc.
(Exact Name of Registrant as Specified in its Charter)
| Nevada | 000-28629 | 27-0607116 |
|---|---|---|
| (State<br> or Other Jurisdiction of Incorporation) | (Commission<br><br> File<br> No.) | (I.R.S. Employer<br><br> <br>Identification No.) |
| 25<br> Branca Road, East Rutherford, NJ | 07073 | |
| --- | --- | |
| (Address<br> of Principal Executive Offices) | (Zip<br> Code) |
Registrant’s telephone number, including area code: (201) 532-1212
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| ☐ | Written<br> communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|---|---|
| ☐ | Soliciting<br> material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement<br> communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common stock, $0.00001<br><br> <br>par value per share | MMMB | NASDAQ |
| TABLE OF CONTENTS | |
|---|---|
| Item<br> 1.01 | Entry into a Material Definitive Agreement |
| Item<br> 2.01 | Completion of Acquisition or Disposition of Assets |
| Item<br> 9.01 | Financial Statements and Exhibits |
| SIGNATURES |
SECTION
1 - REGISTRANT’S BUSINESS AND OPERATIONS
Item1.01 Entry into a Material Definitive Agreement.
On June 28, 2020, MamaMancini’s Holdings, Inc. (the “Company”), a marketer and distributor of specialty pre-prepared all-natural foods signed a definitive agreement to acquire a 24 percent (24%) minority interest in Chef Inspirational Foods, Inc. (“CIF”), a leading developer, innovator, marketer and sales company selling fresh and frozen prepared foods, for an investment of $1.2 million, at an implied enterprise value for CIF of $5 million. The investment consists of $500,000 in cash and $700,000 in MamaMancini’s common stock.
The Company also was granted the option to purchase the remaining seventy-six percent (76%) interest in CIF within one year of June 28, 2022. The option purchase price is an additional $3.8 million, of which $3.5 million would be paid in cash and $300,000 in common stock, which would be paid within a two-year period from June 28, 2022.
Founded in 2008, CIF sells fresh and frozen prepared foods for the supermarket, club store, and distributor trade across the United States. The company’s specialty is the Deli Department for prepared salads, prepared entrees and olives, with a unique line of different artisan flavors and styles. CIF is based in West Palm Beach, Florida, and Long Island, NY.
SECTION
2 - FINANCIAL INFORMATION
Item2.01 Completion of Acquisition or Disposition of Assets
The disclosures set forth in Item 1.01 above are incorporated by reference into this Item 2.01.
Item9.01 Financial Statements and Exhibits.
(d) Exhibits
None
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| MamaMancini’s Holdings, Inc. | |
|---|---|
| By: | /s/ Carl Wolf |
| Name: | Carl<br> Wolf |
| Title: | Chief<br> Executive Officer |
| Dated: June 30, 2022 |