Alta Global Group Limited (MMA) plans to raise $6 million in an initial public offering on Wednesday, March 27, IPO Scoop reported. The company will issue 1.3 million shares at a price of $4.00 to $6.00 per share.
Over the past 12 months, Alta Global Group Limited had revenue of $1.0 million and a net loss of $13.9 million. The company's market capitalization is $51.1 million.
ThinkEquity acted as the underwriter for the IPO.
Alta Global Group Limited describes itself regarding the IPO: “Our mission is to foster community-driven growth in the world of martial arts and martial arts by leveraging technology to bridge the gap between passion and participation.” (Australian company) Technology that enables the global martial arts and martial arts industry to maximize the monetization opportunities available to the sector by increasing consumer participation in the sport and building on existing community services within the sector. It's a company. We believe martial arts and martial arts gyms have great in-gym products, but we also believe in building sales channels, enhancing customer onboarding, optimizing engagement, and growing in-gym membership and membership revenue. and promotion of retention, the time is ripe for change. community. We believe that our platform will define the digital transformation of the martial arts and martial arts field, connecting one of the world's largest fan bases to the vast global community ecosystem of martial arts and martial arts through a single platform solution that transforms one of the world's largest fan bases. We believe that this represents a considerable opportunity to aggregate. Add base to participants. The Alta platform serves as a comprehensive solution for martial arts and martial arts, combining his four core products: Warrior Training Program, UFC Fight Fit Program, Alta Academy, and Alta Community. To date, the Warrior Training Program has been the core product that we monetize around the world, partnering with the best gyms and coaches around the world while building a passionate following of participants and customers. It has become essential to do so. Mixed Martial Arts (“MMA”) is one of the fastest growing sports in the world in terms of participant and audience growth, with hundreds of millions of passionate fans engaging in various levels of digital and physical We are working on participation. According to IBISWorld statistics, there are currently more than 45,597 martial arts and martial arts gyms in the United States alone, with annual revenue expected to exceed $12.6 billion by 2023. Furthermore, according to the Sports & Fitness Industry Association's Single Sport Reports, in martial arts and boxing fitness, in 2023 it is expected that more than 11.8 million people will be engaged in various martial arts and martial arts disciplines. Since 2018, we have conducted over 206 programs around the world and over 5,107 participants have attended our Warrior Training. programs, an average of 25 per program. Over the past three years, the average gross revenue per participant enrolled in the Warrior Training Program was AUD 1,465. The Warrior Training Program is a 20-week, 100-lesson syllabus that provides participants with a comprehensive introduction to the fundamentals of the sport of mixed martial arts. Participants who complete the 20-week Warrior Training Program will have the opportunity to compete against fellow participants in a sanctioned amateur mixed martial arts competition. The Warrior Training Program therefore serves as a “gateway” to learning the fundamentals of all disciplines of mixed martial arts, including wrestling, Brazilian Jiu-Jitsu, boxing, Thai boxing, judo, and other disciplines. After completing the Warrior Training Program, participants may choose to continue their training subscription and specialize in the specific martial arts they enjoyed during the Warrior Training Program. As a result, our partner gyms have seen increased community participation and incremental revenue growth over time. Our community development approach to participant acquisition has redefined martial arts participation demographics around the world. Specifically, the participation rate of women is high, and the average age of members is in their mid to late 30s, with the oldest being in their 60s. Additionally, participants can become valuable long-term members of our and their gym communities once they complete their first Alta program. We also entered into a partner referral agreement with U Gym, LLC (“UFC Gym”). We worked with UFC Gym to design and launch a new 10-week Alta training program called the UFC Fight Fit Program (“UFC Fight Fit Program”). UFC Gym has the option to implement his 10-week program across its network of over 150 locations worldwide. Further opportunities to aggregate this field are provided through the Alta Community product. This is an expansion of our existing product offering and represents the first global, cloud-based, community-driven growth and management software for martial arts and martial arts. The Alta Community is designed for participants, coaches, and operators, collectively referred to as Alta Community “Members.” Alta Communities not only enables the creation of individual communities, but also facilitates connections between these communities and their members, fostering a single global community. This solution is intentionally designed to optimize the management, growth, and monetization of martial arts and martial arts communities. We aim to enhance the digital and in-gym experience for Alta members, making it easy to discover, join, contribute, coach, and govern the best martial arts and martial arts communities on a single platform. Importantly, this entire process is facilitated by a simple monthly subscription. In summary, by combining our unique training programs with the insights and connection-focused approach of the Alta community, we drive efficiency and growth, providing a distinct competitive advantage for our partner gyms and coaches. We built a designed commercial environment. By combining Alta's core products, we create a personalized, comprehensive and engaging 'ramp' for martial arts participation, regardless of location, thereby increasing the competition that brings together such a vast and fascinating sector. You can establish a strong position as a pioneer. . Note: Net loss and revenue figures are expressed in US dollars (converted from Australian dollars) for the year ended 30 June 2023. (Note: Alta Global Group Limited filed its F-1/A dated February 27, 2024, reducing the terms of the IPO from an initial 2 million shares to 1.3 million shares and a price range of $4.00 to $6.00. In addition to raising $7 million, the company also revealed that the proposed stock symbol is “MMA” (for reference). (Note: Alta Global Group Limited filed its F-1 on November 25). The terms of the IPO were not disclosed and the company filed confidential documents with the SEC on September 13, 2023. )”
Alta Global Group Limited was founded in 2013 and has 15 employees. The company is located at Level 1, Suite 1, 29-33 The Corso Manly, NSW 2095 Australia and can be contacted on +61 1800 151 865 or on the web at https://www.trainalta.com/.
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