BERKELEY, California — February 5, 2026
Executive Summary
Once Upon a Farm has announced the pricing of its initial public offering to list its common stock on the New York Stock Exchange (NYSE), marking a significant corporate milestone as the company transitions to life as a publicly traded enterprise. The offering consists of 10,997,209 shares of common stock priced at $18.00 per share, including both newly issued shares sold by the company and shares offered by certain existing stockholders. The company has also granted underwriters a 30-day option to purchase additional shares at the initial offering price, subject to underwriting discounts and commissions. Shares are expected to begin trading on February 6, 2026 under the ticker symbol “OFRM,” with the offering expected to close on February 9, 2026, subject to customary closing conditions. According to the company, net proceeds from the offering are intended to be used for debt repayment, operational investments, and general corporate purposes.
Announcement Overview
Once Upon a Farm today announced the pricing of its initial public offering, formally setting the terms for its entry into the public equity markets. The offering includes 7,631,537 shares of common stock being offered by Once Upon a Farm and 3,365,672 shares being offered by certain existing stockholders. The public offering price has been set at $18.00 per share.
In addition to the base offering, Once Upon a Farm has granted 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 underwriting discounts and commissions. The option is intended to cover over-allotments, if any.
The company stated that its common stock is expected to begin trading on the New York Stock Exchange on February 6, 2026 under the ticker symbol “OFRM.” The closing of the offering is expected to occur on February 9, 2026, subject to customary closing conditions.
According to Once Upon a Farm, the net proceeds from the offering will be used to repay outstanding borrowings under its existing credit facility, purchase new equipment for operations, make certain payments conditioned upon the offering, and for general corporate purposes.
Key Announcement Details
- Announcement type: Initial public offering pricing
- Issuer: Once Upon a Farm
- Exchange: New York Stock Exchange
- Ticker symbol: OFRM
- Total shares offered: 10,997,209
- Shares offered by the company: 7,631,537
- Shares offered by existing stockholders: 3,365,672
- Public offering price: $18.00 per share
- Underwriters’ option: Up to 1,649,581 additional shares
- Trading commencement date: February 6, 2026
- Expected closing date: February 9, 2026
- Intended use of proceeds: Debt repayment, operational investments, conditional payments, general corporate purposes
Strategic Context
According to the company, the initial public offering represents a step in Once Upon a Farm’s long-term capital strategy as it seeks to support its operational scale, production capabilities, and future growth initiatives. The company indicated that repayment of outstanding borrowings under its credit facility is a primary intended use of proceeds, which would reduce leverage and strengthen the balance sheet following the offering.
The company also stated that a portion of the net proceeds will be allocated toward purchasing new equipment for operations. These investments are intended to support manufacturing, cold-pressed and frozen production processes, and distribution capabilities as demand for the company’s products continues to expand.
In addition, Once Upon a Farm noted that some proceeds will be used to make certain payments conditioned upon the completion of the offering, alongside allocations for general corporate purposes. These uses may include working capital, operating expenses, and other business needs consistent with the company’s growth strategy.
The company emphasized that the offering and listing on the New York Stock Exchange are intended to provide access to the public capital markets, enhance corporate visibility, and support its mission-driven approach to organic food production for children and families.
Offering Structure and Regulatory Status
Once Upon a Farm stated that a registration statement relating to the offered securities was declared effective by the U.S. Securities and Exchange Commission on January 30, 2026. The company noted that the press release does not constitute an offer to sell or the solicitation of an offer to buy securities and that no sale of the securities will occur in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws.
According to the company, copies of the final prospectus related to the offering, when available, may be obtained from the joint lead bookrunning managers or from J.P. Morgan Securities LLC through its designated channels. The company provided contact information for obtaining prospectus materials through Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC.
The offering is being conducted in accordance with U.S. securities regulations and is subject to customary closing conditions, including the satisfaction of all applicable legal and regulatory requirements.
Underwriting Syndicate
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.
According to the company, the underwriting syndicate brings together a group of global and regional investment banks with experience in consumer, food, and growth-oriented public offerings. The syndicate is responsible for marketing the offering, stabilizing trading following the listing, and facilitating distribution of shares to investors.
Trading and Settlement Timeline
The company stated that its shares are expected to begin trading on the New York Stock Exchange on February 6, 2026 under the ticker symbol “OFRM.” Trading is expected to occur on a when-issued basis prior to settlement.
The offering is expected to close on February 9, 2026, subject to customary closing conditions. Upon closing, the shares will be delivered to investors in exchange for payment of the offering price, less applicable underwriting discounts and commissions.
The company noted that settlement timing and trading commencement are subject to market conditions and standard exchange and clearing procedures.
Capital Allocation Intent
According to Once Upon a Farm, repayment of outstanding borrowings under its credit facility is a priority use of proceeds. Reducing indebtedness following the offering is intended to improve financial flexibility and reduce interest expense.
The company also indicated that it plans to invest in new equipment for operations. These investments are intended to support production capacity across its portfolio of organic products, including cold-pressed pouches, frozen meals, refrigerated items, and pantry snacks.
In addition, the company stated that proceeds will be used to make certain payments conditioned upon the completion of the offering and to fund general corporate purposes. These uses may include working capital, operating expenses, and investments aligned with the company’s growth initiatives.
Market Presence and Product Portfolio Context
Once Upon a Farm operates in the organic food and beverage category, with a focus on products designed for children of all ages. The company’s offerings include cold-pressed fruit and vegetable pouches, freshly frozen meals, refrigerated oat bars, and shelf-stable pantry snacks.
According to the company, all of its products are organic, non-GMO, and free from added sugar, artificial flavors, colors, and preservatives. The company positions its product portfolio around simple ingredient lists and production methods designed to preserve freshness and nutritional value.
The company stated that its product development and sourcing practices are aligned with its broader mission of supporting children’s growth through organic food offerings made from whole fruits and vegetables.
About the Company
Once Upon a Farm was founded in 2015 and is headquartered in Berkeley, California. The company operates as an organic food producer focused on delivering snacks and meals for children and families using organic ingredients and minimally processed production methods.
Since its founding, Once Upon a Farm has built a portfolio of products that includes cold-pressed fruit and vegetable pouches, freshly frozen meals, refrigerated oat bars, and shelf-stable pantry snacks. The company utilizes cold-pressing and freezing techniques designed to preserve the taste and nutritional characteristics of whole fruits and vegetables.
Once Upon a Farm’s products are certified organic, non-GMO, and contain no added sugar or artificial preservatives, flavors, or colors. The company distributes its products across major retail channels in the United States, including grocery stores, club retailers, and other food distribution outlets.
The company’s operations include sourcing organic ingredients, managing production and packaging processes, and distributing finished products through national and regional retail partners. According to the company, it continues to invest in operational infrastructure to support production scale, cold-chain logistics, and quality control.
Once Upon a Farm was founded with a mission to support economic empowerment and healthy nutrition for families through accessible organic food products. As of the time of the offering, the company operates as a U.S.-based food manufacturer serving customers nationwide, with an expanding product portfolio designed to address multiple age groups and consumption occasions.
Investor and Media Contacts
Investor Relations
Reed Anderson, ICR
Alex Liscum, ICR
Media
Jessica Liddell, ICR
Kate Schneiderman, ICR
Source Attribution
Source: Company announcement