Item 5. Market for Registrant’s Common Equity
Item
5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.
(a)
Market Information
Our
shares of common stock are currently quoted on the NASDAQ under the symbol “MMMB” The following table sets forth (i) the
intra-day high and low sales price per share for our common stock, as reported on the OTCQB for the period from February 2021 to July
2022 and NASDAQ for the period from July 2022 to January 2023. The quotations reflect inter-dealer prices, without retail mark-up, mark-down
or commission, and may not represent actual transactions.
Fiscal Year Ended January 31, 2022
High
Low
First Quarter
$ 3.15
$ 1.82
Second Quarter
$ 3.35
$ 2.20
Third Quarter
$ 2.80
$ 2.21
Fourth Quarter
$ 2.75
$ 1.73
Fiscal Year Ended January 31, 2023
High
Low
First Quarter
$ 2.03
$ 1.00
Second Quarter
$ 1.58
$ 1.03
Third Quarter
$ 1.74
$ 1.13
Fourth Quarter
$ 2.06
$ 1.52
The
market price of our common stock, is highly volatile and is subject to fluctuations in response to variations in operating results, announcements
of new products, or other events or factors. Our stock price may also be affected by broader market trends unrelated to our performance.
(b)
Holders
As
of April 26, 2023, there were approximately 69 record holders of our common stock and there were 36,317,857 shares of our common stock
issued and outstanding. This figure does not take into account those shareholders whose certificates are held in the name of broker-dealers
or other nominees. Please see SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT for information related to the holdings
of certain beneficial owners and management of the Company.
(c)
Dividends
Series
A Preferred Stock . The holders of the Series A Convertible Preferred were entitled to receive dividends at a rate of eight percent
(8%) per annum payable quarterly in cash or Company Common Stock at the option of the holder. All outstanding shares of Series A Convertible
Preferred Stock converted to Company Common Stock on February 13, 2020 and no shares of Series A Preferred Stock are currently issued
and outstanding.
Series
B Preferred Stock . The holders of Series B Preferred Stock shall be entitled to receive, when, as and if declared by the Board of
Directors out of funds legally available for such purpose, an accruing cumulative dividend, in preference to any dividend on the Common
Stock, at an annual rate of eight percent (8%) of the Original Purchase Price, payable monthly. As of January 31, 2023 there are 54,600
shares of Series B Preferred stock issued and outstanding.
Common
Stock. The declaration of any future cash dividends is at the discretion of our board of directors and depends upon our earnings,
if any, our capital requirements and financial position, general economic conditions, and other pertinent conditions. We have not paid
any cash dividends to the holders of our Common Stock and it is not our present intention to pay any cash dividends on our Common Stock
in the foreseeable future, but rather to reinvest earnings, if any, in our business operations.
11
(d)
Securities Authorized for Issuance under Equity Compensation Plans
The
following table provides information concerning equity compensation arrangements as of January 31, 2023:
Plan Category
Number of securities to be issued upon exercise of outstanding options, warrants and rights
Weighted-average
exercise price of outstanding options, warrants and rights
Number of securities remaining available for future issuance under equity compensation plans
Equity compensation plans approved by security holders (1)
1,058,647
$ 0.98
3,811,928
(1)
Consists of the MamaMancini’s Holdings 2021 Incentive Stock and Award Plan.
Recent
Sales of Unregistered Securities
Below
is a list of securities sold by us from February 1, 2022 through January 31, 2023 which were not registered under the Securities Act.
Name of Purchaser
Issue Date
Security
Shares
Consideration
Lawrence Morgenstein
4/26/2022
Common
15,675
Compensation
Siegel Suffolk Family LLC
6/29/2022
Common
250,986
Acquisition
R&I Loeb Family LLC
6/29/2022
Common
250,986
Acquisition
The
securities issued in the abovementioned transactions were issued in connection with private placements exempt from the registration requirements
of Section 5 of the Securities Act of 1933, as amended, pursuant to the terms of Section 4(2) of that Act and Rule 506 of Regulation
D.
Repurchases
of Securities
During
the quarter ended January 31, 2023, the Company did not repurchase any Company securities.
Item
6. [Reserved]