Alta Global Group Request for Withdrawal of Registration Statement on Form F-1
Alta Global Group (NYSE American: MMA) has announced the withdrawal of its Registration Statement on Form F-1 with the SEC, which was initially filed on September 5, 2024. The Registration Statement had not been declared effective, and no securities were sold in connection with the offering. Alta is a technology company focused on combat sports, operating through three business units: TrainAlta, which partners with gyms for consumer products; Hype, a mobile marketing platform; and MixedMartialArts.com, a community platform for MMA news and media.
Alta Global Group (NYSE American: MMA) ha annunciato il ritiro della sua Dichiarazione di Registrazione in Form F-1 presso la SEC, inizialmente presentata il 5 settembre 2024. La Dichiarazione di Registrazione non era stata dichiarata efficace e non sono stati venduti titoli in relazione all'offerta. Alta è un'azienda tecnologica concentrata sugli sport da combattimento, operando attraverso tre unità commerciali: TrainAlta, che collabora con le palestre per prodotti al consumo; Hype, una piattaforma di marketing mobile; e MixedMartialArts.com, una piattaforma comunitaria per notizie e media MMA.
Alta Global Group (NYSE American: MMA) ha anunciado el retiro de su Declaración de Registro en forma F-1 ante la SEC, que se presentó inicialmente el 5 de septiembre de 2024. La Declaración de Registro no había sido declarada efectiva y no se vendieron valores en relación con la oferta. Alta es una empresa de tecnología centrada en los deportes de combate, operando a través de tres unidades de negocio: TrainAlta, que se asocia con gimnasios para productos de consumo; Hype, una plataforma de marketing móvil; y MixedMartialArts.com, una plataforma comunitaria para noticias y medios de MMA.
알타 글로벌 그룹 (NYSE American: MMA)는 2024년 9월 5일에 처음 파일된 SEC의 F-1 양식 등록 신고서를 철회했다고 발표했습니다. 등록 신고서는 유효성을 인정받지 않았으며, 이번 공모와 관련하여 증권이 판매되지 않았습니다. 알타는 격투 스포츠에 중점을 둔 기술 회사로, TrainAlta는 소비자 제품을 위해 체육관과 협력하고, Hype는 모바일 마케팅 플랫폼, MixedMartialArts.com는 MMA 뉴스와 미디어를 위한 커뮤니티 플랫폼으로 운영됩니다.
Alta Global Group (NYSE American: MMA) a annoncé le retrait de sa Déclaration d'Enregistrement sous la forme F-1 auprès de la SEC, déposée initialement le 5 septembre 2024. La Déclaration d'Enregistrement n'avait pas été déclarée effective, et aucun titre n'a été vendu en rapport avec cette offre. Alta est une entreprise technologique axée sur les sports de combat, opérant à travers trois unités commerciales : TrainAlta, qui s'associe avec des salles de sport pour des produits de consommation ; Hype, une plateforme de marketing mobile ; et MixedMartialArts.com, une plateforme communautaire pour les nouvelles et les médias MMA.
Alta Global Group (NYSE American: MMA) hat den Rückzug seines Registrierungsantrags in Form F-1 bei der SEC bekannt gegeben, der ursprünglich am 5. September 2024 eingereicht wurde. Der Registrierungsantrag war nicht als wirksam erklärt worden, und es wurden keine Wertpapiere im Zusammenhang mit dem Angebot verkauft. Alta ist ein Technologieunternehmen, das sich auf Kampfsport konzentriert und durch drei Geschäftseinheiten arbeitet: TrainAlta, das mit Fitnessstudios für Konsumgüter zusammenarbeitet; Hype, eine mobile Marketingplattform; und MixedMartialArts.com, eine Community-Plattform für MMA-Nachrichten und -Medien.
- None.
- Withdrawal of Form F-1 registration statement indicates cancellation of planned securities offering
- Potential loss of anticipated capital raising opportunity
Insights
The withdrawal of Alta Global Group's F-1 registration statement represents a significant setback in the company's capital raising efforts. This development suggests either market conditions weren't favorable for the offering, there were regulatory challenges, or internal strategic decisions led to this withdrawal. For a small-cap company with a market cap of
The timing of this withdrawal, coming just over two months after the initial filing, indicates potential challenges in meeting SEC requirements or securing favorable terms from investors. This could limit the company's ability to execute its strategy in the combat sports technology sector, particularly in scaling its three business units: TrainAlta, Hype and MixedMartialArts.com.
New York, NY, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Alta Global Group (NYSE American: MMA) (“Alta” or the “Company”), a pioneering technology company seeking to aggregate and drive participation in combat sports, today announced it has filed a Request for Withdrawal of its Registration Statement on Form F-1 with the U.S. Securities and Exchange Commission (“SEC”), initially filed on September 5, 2024.
The Registration Statement has not been declared effective by the SEC, and no securities have been sold in connection with the offering.
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 LIMITED
Alta 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.
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Forward-Looking Statements
This 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 Registration Statement on Form F-1 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 the Registration Statement 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.
Media Contacts
Dave Gentry
RedChip Companies, Inc.
C: 1-407-491-4498
T: 1-407-644-4256
E: MMA@redchip.com
FAQ
Why did Alta Global Group (MMA) withdraw its F-1 registration statement?
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