Once Upon a Farm Announces Launch of Initial Public Offering

BERKELEY, Calif.--(BUSINESS WIRE)--Once Upon a Farm today announced that it has commenced the roadshow for its proposed initial public offering. Once Upon a Farm has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the “SEC”) to offer 10,997,209 shares of its common stock, 7,631,537 shares of which are being offered by Once Upon a Farm and 3,365,672 shares of which are being offered by certain existing stockholders. Once Upon a Farm also intends to grant the underwriters a 30-day option to purchase up to an additional 1,649,581 shares of common stock at the initial public offering price, less the underwriting discounts and commissions. The initial public offering price is currently expected to be between $17 and $19 per share. Once Upon a Farm intends to use its net proceeds from this offering to repay outstanding borrowings under its credit facility, purchase new equipment for operations, make certain payments conditioned upon the offering and for general corporate purposes.

Once Upon a Farm has applied to list its common stock on The New York Stock Exchange under the ticker symbol “OFRM.”

Goldman Sachs & Co. LLC and J.P. Morgan are acting as joint lead bookrunning managers for the proposed offering. BofA Securities and William Blair are acting as bookrunning managers. Barclays, Evercore ISI, Deutsche Bank Securities, Oppenheimer & Co., and TD Cowen are acting as bookrunners. Drexel Hamilton and Siebert Williams Shank are acting as co-managers.

The proposed offering is being made only by means of a prospectus. A copy of the preliminary prospectus related to this proposed offering, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, or by telephone at [phone], or by email at [e-mail]; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717 or by email at [e-mail] and [e-mail].

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

About Once Upon a Farm

At Once Upon a Farm, Farm-Fresh Tastes Grow Here™. We're on a greater mission in providing organic, crave-worthy, snacks and meals for children of all ages. Our delicious and thoughtful recipes are crafted with the best organic ingredients – whole fruits and veggies picked, then cold-pressed (our pouches), freshly frozen (our meals) to perfection, refrigerated oat bars, and our new line of farm fresh tasting pantry snacks – to support growing kids at every stage and milestone. All of our products are organic, non-GMO, contain no added sugar, and are free from artificial flavors, colors, and preservatives – just simple, real, nutritious food your entire family will love.