NEW YORK, Oct. 6, 2016 /PRNewswire/ — Alliance MMA, Inc. (“Alliance MMA” or the “Company”) (NASDAQ: AMMA), a mixed martial arts organization offering the premier developmental league for aspiring mixed martial arts fighters, today announced that it completed the initial public offering (“IPO”) of its common shares and the Company’s common stock began trading on the NASDAQ Capital Market, under the ticker symbol “AMMA”.
“We believe MMA is the world’s fastest growing sport with worldwide fans of approximately 300 million and are delighted to be a feeder organization to the sport’s highest level of professional competition,” said Paul K. Danner, Chairman of the Board and Chief Executive Officer of Alliance MMA, Inc. “We look at ourselves as the complementary minor league to The Ultimate Fighting Championship (UFC), Bellator MMA, World Series of Fighting and other prestigious MMA promotions worldwide.”
Alliance MMA, Inc. was incorporated in 2015 for the purpose of acquiring businesses that engage in the promotion of mixed martial arts (MMA) events. The company is pleased to announce that since then they have acquired 7 companies including 5 MMA promotion companies, a digital media sports platform, and an electronic ticking platform optimized for marketing MMA events. Acquisitions include:
“This successful completion of our initial public offering on NASDAQ and the closing of these acquisitions, creates a strong foundation for Alliance. We plan to add a number of additional promotions, eventually building a national footprint that includes all the major media markets and attracts name brand sponsorships,” added Danner.
Going forward under the Alliance MMA umbrella, the regional promotions will continue to operate under their respective names, leveraging the valuable brand equity they’ve built over the years.
Cage Fury’s former President Robert Haydak, who is now serving as President of Alliance MMA, knew joining Alliance MMA would be great to help grow his MMA promotion and the sport in general. “By joining the Alliance, smaller promotions become partners in a much larger organization that intends to enhance collective market share and profitability of the businesses through increased ticket sales, incremental events, centralization of certain common business functions, and the application of best business practices across the enterprise.”
The Company started trading today on the NASDAQ with an opening price of $4.50, making it the only public entity in the MMA space. MMA is a full contact sport that allows a wide range of fighting techniques including, striking and grappling from various martial arts & disciplines including Boxing, Wrestling, Brazilian Jiu Jitsu, Karate & Muay Thai. Professional MMA fights are legal and regulated domestically by state athletic commissions in all 50 states.
About Alliance MMA, Inc.
Alliance MMA (NASDAQ: AMMA) is a mixed martial arts organization offering the premier developmental league for aspiring mixed martial arts (MMA) fighters to advance to the sport’s highest level of professional competition. Alliance MMA’s mission is to identify and cultivate the next generation of Ultimate Fighting Championship (UFC) and other premier MMA promotion champions.
With many of the world’s leading MMA promotions under the Alliance MMA umbrella, the organization aims to host in excess of 125 events per year, showcasing more than 1,000 fighters. Alliance MMA will also be dedicated to generating live original sports media content, attracting an international fan base, and securing major brand sponsorship revenue for our live MMA events, digital media platform and our Alliance MMA contracted athletes.
Alliance MMA, Inc. was incorporated in 2015 for the purpose of acquiring businesses that engage in the promotion of mixed martial arts (MMA) events. In 2016 the company went public with a listing on the NASDAQ. Alliance MMA is the only mixed martial arts promotion company that is publicly traded, allowing public investment in the world’s fastest growing sport. For more information visit, http://alliancemma.com/.