Mama’s Creations, Inc. (NASDAQ: MAMA), a leading national marketer and manufacturer of fresh deli prepared foods, commenced a proposed underwritten public offering of its common stock, par value $0.00001 per share. All shares in the offering are being offered by Mama’s Creations. The proposed offering is subject to market and other conditions, with no assurance regarding its completion, size, or terms.

The company intends to grant the underwriters a 30-day option to purchase up to an additional 15% of the shares offered in the public offering at the public offering price, less underwriting discounts and commissions. Mama’s Creations plans to use the net proceeds from the offering for working capital and general corporate purposes. These funds may also support the acquisition of businesses or assets complementary to its own, though no current arrangements or commitments exist for such transactions.

William Blair & Company, L.L.C. and D.A. Davidson & Co. are acting as lead book-running managers for the proposed offering. Craig-Hallum Capital Group LLC, Lake Street Capital Markets, LLC and Roth Capital Partners, LLC are serving as co-managers.

The offering is being made pursuant to an automatic shelf registration statement on Form S-3, including a base prospectus, filed with the Securities and Exchange Commission (SEC). The registration statement became effective on June 29, 2026. A preliminary prospectus supplement and accompanying base prospectus will be filed with the SEC and made available on its website.

Key Offering Details

Mama’s Creations, Inc. products are found in over 12,000 grocery, mass, club and convenience stores nationally. The company’s portfolio includes fresh, clean, and easy-to-prepare foods derived from its MamaMancini’s brand history.

Mama's Creations reported financial results for the first quarter of fiscal 2027, demonstrating significant growth across key financial metrics. Revenue increased 50% to $52.8 million, compared to $35.3 million in the prior-year quarter. The company successfully lapped a nearly $10 million digital Costco multi-vendor mailer from the prior year without incremental programming. Net income rose 66% to $2.1 million, or $0.05 per diluted share, up from $1.2 million, or $0.03 per diluted share, in the same period last year. Adjusted EBITDA grew 71% to $4.9 million.

The company's balance sheet strengthened, with cash and cash equivalents growing to $24.4 million as of April 30, 2026, from $20.0 million as of January 31, 2026. Total debt stood at $5.1 million at the end of the quarter. The increase in cash was primarily driven by improved profitability, strong operating cash flow generation, and ongoing working capital optimization.

Operational Highlights

During the quarter, Mama's Creations successfully launched over a dozen new items with major retailers, including Walmart, Target, and Food Lion. The company won Costco Everyday Item status for branded beef meatballs in the San Diego region. Additionally, the company completed the ERP transition of the legacy Bay Shore system to its enterprise-wide ERP system, creating a unified platform for sales, procurement, production, inventory, and accounting.

Financial Performance

Gross profit increased 35% to $12.4 million, representing 23.6% of total revenues, compared to $9.2 million, or 26.1% of total revenues, in the prior-year quarter. The gross margin was impacted by short-term labor and raw material inefficiencies associated with the start-up of new packaging technologies and protein form factors for new product launches. Operating expenses totaled $9.8 million, up from $7.6 million in the prior-year quarter, but declined as a percentage of revenue to 18.5% from 21.6%.

Adam L. Michaels, Chairman and CEO of Mama's Creations, attributed the growth to the successful integration of the Bay Shore business, durable demand across the customer base, and the execution of the integrated three-facility manufacturing platform. He noted that the company remains on track toward its mid-to-high-20% corporate gross margin target as new items transition into steady-state production.