Bella Patrella's sells shares

Bella Patrella's Holdings Inc., a Tampa-based pasta sauce manufacturer, wants to sell 3 million shares of its common stock to raise capital for 2011 operations.

At a price of $0.50 per share, BPH hopes to raise $1.3 million from the sale after underwriting expenses.

The company was direct in its filing with the Securities and Exchange Commission: “We do not have sufficient capital to fund our plan of operations through 2011 without additional debt or equity funding,” the filing reads.