Mama’s Creations Joins the Russell 2000 and Russell 3000® Indexes
01 July 2024 - 10:31PM
Mama’s Creations, Inc. (NASDAQ: MAMA), a leading national marketer
and manufacturer of fresh Deli prepared foods, today announced that
the Company’s common stock was added to the Russell 2000® and
Russell 3000® Indexes after the market closed on June 28, 2024.
“Our inclusion in the Russell 2000® and Russell
3000® Indexes represents another milestone achieved on our journey
and a testament to the Company's compelling and growing potential
in the deli space, reflective of the shift in consumer preferences
towards fresh prepared foods,” said Adam L. Michaels, Chairman and
CEO of Mama’s Creations. “Together, we have made unparalleled
progress in the last twelve months towards our shared vision to
become a one-stop-shop deli solutions platform. To that end, I
expect that the awareness of being included in one of the most
widely followed benchmarks could benefit our existing shareholders
and potentially attract a broader base of institutional
investors.”
The annual Russell US Indexes reconstitution
captures the 4,000 largest US stocks as of Tuesday, April 30th,
ranking them by total market capitalization. MAMA’s membership in
the US all-cap Russell 3000® Index, which is reviewed annually,
means automatic inclusion in the small-cap Russell 2000® Index as
well as the appropriate growth and value style indexes. FTSE
Russell determines membership for its Russell indexes primarily by
objective, market-capitalization rankings, and style
attributes.
Russell indexes are widely used by investment
managers and institutional investors for index funds and as
benchmarks for active investment strategies. According to the data
as of the end of December 2023, about $10.5 trillion in assets are
benchmarked against the Russell US indexes, which belong to FTSE
Russell, a prominent global index provider.
For more information on the Russell 3000® Index
and the Russell indexes reconstitution, please visit the “Russell
Reconstitution” section on the FTSE Russell website.
About Mama’s Creations, Inc.
Mama’s Creations, Inc. (Nasdaq: MAMA) is a
leading marketer and manufacturer of fresh deli prepared foods,
found in over 8,000 grocery, mass, club and convenience stores
nationally. The Company’s broad product portfolio, born from
MamaMancini’s rich history in Italian foods, now consists of a
variety of high quality, fresh, clean and easy to prepare foods to
address the needs of both our consumers and retailers. Our vision
is to become a one-stop-shop deli solutions platform, leveraging
vertical integration and a diverse family of brands to offer a wide
array of prepared foods to meet the changing demands of the modern
consumer. For more information, please visit
https://mamascreations.com.
Forward-Looking Statements
This press release may contain forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Forward-looking statements include information about management’s
view of the Company’s future expectations, plans and prospects,
including future business opportunities or strategies and are
generally preceded by words such as “may,” “believe,” “future,”
“plan” or “planned,” “will” or “should,” “expect,” “anticipates,”
“eventually” or “projected.” You are cautioned that such statements
are subject to a multitude of known and unknown risks and
uncertainties that could cause future circumstances, events, or
results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors. Certain of these risk
factors and others are included in documents the Company files with
the Securities and Exchange Commission, including but not limited
to, the Company’s Annual Report on Form 10-K for the year ended
January 31, 2023, as well as subsequent reports filed with the
Securities and Exchange Commission.
Investor Relations Contact:Lucas A.
ZimmermanManaging DirectorMZ Group – MZ North America(949)
259-4987MAMA@mzgroup.uswww.mzgroup.us
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