Alta Global Group (NYSE American: MMA) (“Alta” or the “Company”), a
pioneering technology company seeking to aggregate and drive
participation in combat sports, announced today it has successfully
arranged a $2.1 million fundraise via a private placement of
ordinary shares to non-U.S. investors to fuel its growth
initiatives for 2025.
This funding round, which was anchored by strong
demand from new institutional investors and high-net-worth
individuals, supports Alta’s growth in the booming combat sports
sector and brings additional stakeholders to the Company’s cap
table. The capital raise was completed as an offering of ordinary
shares only, priced at $1.68 per share, with no warrants,
maintaining Alta’s capital structure.
Alta’s Board, CEO and Executive Team have
invested alongside existing shareholders and new investors,
reflecting a strong vote of confidence in the Company’s trajectory
and signaling deep commitment from leadership.
“This funding is a testament to the
compelling future we see for Alta and the combat sports
industry,” said Nick Langton, CEO of Alta Global Group.
“With our expanding portfolio of products, partnerships,
and a growing global gym network, we are ready to scale our impact
and bring more fans into active participation.”
Alta is positioning itself as the cultural and
commercial epicenter for MMA, uniting an entire ecosystem: from
fans to athletes, coaches and beyond. MMA is one of the fastest
growing sports in the world with a UFC fanbase of over 640 million
fans globally. In the US alone, nearly 12 million fans are actively
training through an estimated 67,000 gyms that boast about US$18.6
billion in annual revenue.
Recently, Alta announced a landmark
partnership with UFC Gym to deliver Alta’s
products and programs across over 150 UFC Gyms worldwide. This
partnership, along with the imminent launch of the social and
community platform, will provide Alta with the opportunity to grow
its user base (fans, coaches, participants and athletes) and expand
revenue.
This press release shall 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.
ABOUT ALTA GLOBAL GROUP
LIMITEDAlta Global Group Limited is a technology company
that is seeking to increase consumer participation in martial arts
and combat sports whilst building upon existing community offerings
within the sector. Alta currently has three business units designed
to provide services to and monetize all key stakeholders in the
sector, namely fans, participants, coaches, gym owners and
athletes.
- TrainAlta
(www.trainalta.com)
partners with gyms and coaches to deliver a range of consumer
products that drive participation in martial arts for fans and
beginners.
- Hype
(www.hype.co) is a
mobile marketing platform designed to help gym owners, coaches and
athlete partners grow revenue from their followers and audiences in
today’s age of social media.
- MixedMartialArts.com
(www.mixedmartialarts.com)
is a leading platform for the MMA community, providing access to
MMA news and media, fighter data, fight schedules and access to the
legendary Underground forum.
For further information about Alta Global Group
Limited (NYSE American: MMA), please visit www.altaglobalgroup.com
or
https://ir.altaglobalgroup.com/news-events/presentations for a copy
of our latest corporate presentation.
Follow us on social media via
https://www.facebook.com/trainalta https://x.com/altaglobalgroup
https://www.instagram.com/trainalta/ or
https://au.linkedin.com/company/trainalta
Forward-Looking StatementsThis
press release may include forward-looking statements. Any
statements contained herein regarding our strategy, future
operations, financial position, future revenues, projected costs,
prospects, plans and objectives of management, other than
statements of historical facts, are forward-looking statements. The
forward-looking statements included herein include or may include,
but are not limited to, statements that are predictive in nature,
depend upon or refer to future events or conditions, or use or
contain words, terms, phrases, or expressions such as “achieve,”
“forecast,” “plan,” “propose,” “strategy,” “envision,” “hope,”
“will,” “continue,” “potential,” “expect,” “believe,” “anticipate,”
“project,” “estimate,” “predict,” “intend,” “should,” “could,”
“may,” “might,” or similar words, terms, phrases, or expressions or
the negative of any of these terms. Any statements in this press
release that are not based upon historical fact are forward-looking
statements and represent our best judgment as to what may occur in
the future. Any references to active gyms or partner gyms refer to
a gym profile that has been claimed or created and has accepted the
terms and conditions and/or a previous license agreement to run the
Warrior Training Program. Any references to estimated or targeted
revenue per active gym do not guarantee that the gym will generate
the specified revenue or any revenue at all. Forward-looking
statements involve a number of known and unknown risks and
uncertainties, including, but not limited to, those discussed in
the “Risk Factors” section contained in our Form 20-F for the
fiscal year ended June 30, 2024 as filed with the SEC. Given the
risks and uncertainties, readers should not place undue reliance on
any forward-looking statement and should recognize that the
statements are predictions of future results which may not occur as
anticipated. New risk factors emerge from time to time, and it is
not possible for management to predict all such risk factors, nor
can it assess the impact of all such factors on the Company’s
business or the extent to which any factor, or combination of
factors, may cause actual results to differ materially from those
contained in any forward-looking statements. You should carefully
read the factors described in the “Risk Factors” section of our
Form 20-F to better understand the risks and uncertainties inherent
in our business and industry, and underlying any forward-looking
statements. Except where required by law, the Company assumes no
obligation to update, withdraw or revise any forward-looking
statements to reflect actual results or changes in factors or
assumptions affecting such forward-looking statements.
For investor relations:
Dave GentryRedChip Companies, Inc.T: 1-407-644-4256E:
MMA@redchip.com
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