09:37 AM EDT, 09/02/2025 (MT Newswires) -- Mama's Creations (MAMA) said Tuesday it has acquired all assets of Crown I Enterprises, a maker of value-added proteins and ready-to-eat meals for $17.5 million in cash.

With the acquisition, Mama's Creations said it plans to cross sell its existing product lines to Crown's customers to further sales and increase its average items carried across a broader retail footprint.

Additionally, the company said it is offering 2.7 million shares priced at $7.5 each in a private placement, aiming to raise about $20 million in gross proceeds.

The offering is likely to close on or about Wednesday, the company said.

Mama's Creations also laid out it fiscal Q2 guidance and said it expected revenue growth of at least 20% to at least $34 million and net income of at least $1.2 million. Four analysts polled by FactSet expect Q2 topline of $33.2 million.

Shares of the company were up over 5% in recent activity.