Bookrunner Network 1 raises funds for acquisition and debt repayment
By Devika Patel
Knoxville, Tenn., Aug. 16 – Alliance MMA, Inc. priced its $15 million initial public offering of stock, according to a Form S-1/A filed Tuesday with the Securities and Exchange Commission.
The company will sell between 1,111,111 and 3,333,333 common shares at $4.50 apiece.
Network 1 Securities, Inc. is the bookrunner.
Proceeds will be used to acquire certain target companies for about $1.6 million, for debt repayment, working capital and other general corporate purposes.
The New York company was formed to acquire the businesses of certain target companies and the media libraries of two prominent mixed martial arts promotions. The company expects its shares will trade on the Nasdaq under the symbol “AMMA.”
| Issuer: | Alliance MMA, Inc.
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| Issue: | Common stock
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| Amount: | $5 million (minimum), $15 million (maximum)
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| Shares: | 1,111,111 (minimum), 3,333,333 (maximum)
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| Price: | $4.50
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| Warrants: | No
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| Bookrunner: | Network 1 Securities, Inc.
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| Pricing date: | Aug. 16
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| Stock exchange: | Nasdaq: AMMA
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