Business Context and Reporting Period
Company: MamaMancini's Holdings, Inc. (Note: Request metadata referenced "Mama's Creations, Inc.", but the filing identifies the registrant as MamaMancini's Holdings, Inc.)
Filing Type: Form 8-K (Current Report)
Date of Report: April 9, 2015
Event: Entry into a Material Definitive Agreement regarding debt restructuring.
Key Financial Metrics
This filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, or total liquidity. The report focuses exclusively on a specific debt instrument modification.
- Debt Instrument: Convertible Redeemable Debenture issued to Manatuck Hill Partners, LLC (originally issued December 19, 2014).
- Equity Issuance: 30,000 shares of restricted common stock issued to Manatuck Hill Partners, LLC as consideration for the agreement.
Material Changes
The primary material change reported is the extension of the maturity date for the Manatuck Debenture.
- Previous Maturity: Not explicitly stated in this text, but the original issuance was December 19, 2014.
- New Maturity Date: Extended to May 19, 2016.
- Consideration: The company agreed to issue 30,000 shares of restricted common stock to the lender upon execution of the agreement.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future operations, or specific risk factors beyond the implications of the debt extension. The document notes that the descriptions of the agreements are qualified by the full text of the exhibits filed herewith.
Investor Verification Checklist
- Verify the principal amount and interest rate of the Manatuck Debenture by reviewing Exhibit 10.1 (referenced from a prior 10-Q).
- Confirm the total number of outstanding shares and the dilution impact of the 30,000 newly issued restricted shares.
- Review the full text of the Letter Agreement (Exhibit 10.2) for any additional covenants, default provisions, or conversion terms not summarized in the 8-K.
- Check subsequent filings to confirm whether the debt was repaid or converted by the new May 19, 2016 maturity date.