General view of the merchandise throughout Once Upon A Farm Refrigerated Oat Bar Launch Event at 1 Hotel Brooklyn Bridge on Oct. 7, 2023 in Brooklyn, New York.
Jamie McCarthy | Getty Images
Jennifer Garner’s child meals company Once Upon a Farm introduced on Monday it has filed a registration assertion with the U.S. Securities and Exchange Commission (SEC). It intends to record its widespread inventory beneath the ticker “OFRM” on the New York Stock Exchange pending approval.
The company elevated its six-month income as of Jun. 30 by 66% in keeping with its IPO filing. The company acknowledged within the submitting that it has a “history of losses, and we cannot be certain that we will achieve or sustain profitability.”
Goldman Sachs and J.P. Morgan are appearing as joint lead underwriters for the proposed providing, the company shared in a assertion.
Founded in 2015 by Cassandra Curtis and Ari Raz, Once Upon a Farm sells meals for infants and youngsters, in keeping with its website. They based the company with a mission to offer nutritious and handy meals for infants earlier than increasing their choices to youngsters of all ages.
The Berkeley-based company sells a number of refrigerated pouches and oat bars, frozen meals, and pantry snacks. All of its over 115 merchandise are natural, non-GMO, comprise no added sugar, and are free from synthetic flavors, colours, and preservatives, the company mentioned in a assertion.
A 15-pack of their best-selling Dairy-Free Smoothie Variety Pack retails for $61.50, in keeping with its website.
Garner, a Golden Globe Award winner recognized for her starring function as Sydney Bristow within the ABC spy drama Alias, joined Once Upon a Farm as a co-founder in 2017. She posts about her household farm in Locust Grove, Oklahoma, which the company says is a supply of inspiration for their merchandise, to her personal Instagram account.
Once Upon a Farm didn’t instantly reply to a request for remark.