Mixed Martial Arts Group Limited is a global enterprise active in the martial arts and combat sports sector, with operations spanning Australia, the United States, and other international territories. The company's primary offering is The Alta Platform, which encompasses the Warrior Training Program, the UFC Fit Program, Alta Academy, and Alta Community services. It also developed Steppen, a fitness application aimed at inspiring, guiding, and assisting users on their fitness journeys. Established in 2013 and based in Manly, Australia, the company was previously known as Alta Global Group Limited, adopting its current name in December 2024.
NYSE:MMA - MMA.INC Completes US$4.0 Million Private Placement at US$1.00 Per Share
MMA.INC completed a US$4.0 million private placement, issuing 4.0 million common shares at US$1.00 per share, which represents a roughly 160% premium to the prior close.
The financing structure consists entirely of common equity with no warrants, options, or convertible securities issued, and no placement agent commissions payable.
Net proceeds will be used for working capital to support growth; the platform currently boasts an annualized payments run rate of approximately US$21 million and 389 paying academies.