Xtreme One Entertainment Board Approves Strategic Growth Plan, Announces $10 Million Capital Raise to Accelerate Investment in XFC and other Xtreme One Brands
Xtreme One Entertainment (OTCPink: XONI) has announced a strategic growth plan and a $10 million capital raise to accelerate investment in its sports brands, particularly the Xtreme Fighting Championships (XFC) MMA property. The company's board approved a comprehensive plan to expand events and operations. Key points include:
1. Finalizing a Regulation 1-A registration statement for the capital raise
2. Engaging L J Soldinger Associates for a two-year audit
3. Planning to file a Form 10 registration statement
4. Aiming to uplist to OTCQB in Q4 2024
5. Focusing on growing the XFC as a leading MMA development league
6. Intending to relaunch the 'Young Guns' series and international XFC events
The capital will be used for live event production, brand building, and pursuing strategic acquisitions to enhance long-term shareholder value.
Xtreme One Entertainment (OTCPink: XONI) ha annunciato un piano di crescita strategico e una raccolta di capitali di 10 milioni di dollari per accelerare gli investimenti nei suoi marchi sportivi, in particolare nelle Xtreme Fighting Championships (XFC), proprietà MMA. Il consiglio della società ha approvato un piano globale per espandere eventi e operazioni. I punti chiave includono:
1. Finalizzazione di una dichiarazione di registrazione di Regolamento 1-A per la raccolta di capitali
2. Coinvolgimento di L J Soldinger Associates per un audit di due anni
3. Pianificazione della presentazione di una dichiarazione di registrazione Form 10
4. Obiettivo di passare all'OTCQB nel quarto trimestre del 2024
5. Focalizzazione sulla crescita dell'XFC come lega di sviluppo MMA leader
6. Intenzione di rilanciare la serie 'Young Guns' e gli eventi internazionali XFC
Il capitale sarà utilizzato per la produzione di eventi dal vivo, costruzione del marchio e per perseguire acquisizioni strategiche al fine di migliorare il valore per gli azionisti a lungo termine.
Xtreme One Entertainment (OTCPink: XONI) ha anunciado un plan de crecimiento estratégico y una recapitalización de 10 millones de dólares para acelerar la inversión en sus marcas deportivas, particularmente en las Xtreme Fighting Championships (XFC), propiedad de MMA. La junta de la compañía aprobó un plan integral para expandir eventos y operaciones. Los puntos clave incluyen:
1. Finalización de una declaración de registro de Reglamento 1-A para la recaudación de capital
2. Contratación de L J Soldinger Associates para una auditoría de dos años
3. Planeación para presentar una declaración de registro Form 10
4. Objetivo de pasar al OTCQB en el cuarto trimestre de 2024
5. Enfoque en hacer crecer el XFC como una liga de desarrollo MMA líder
6. Intención de relanzar la serie 'Young Guns' y eventos internacionales de XFC
El capital se utilizará para la producción de eventos en vivo, desarrollo de la marca y búsqueda de adquisiciones estratégicas para mejorar el valor a largo plazo para los accionistas.
Xtreme One Entertainment (OTCPink: XONI)는 스포츠 브랜드, 특히 Xtreme Fighting Championships (XFC) MMA 자산에 대한 투자를 가속화하기 위해 전략적 성장 계획과 1천만 달러의 자본 유치를 발표했습니다. 회사의 이사회는 이벤트 및 운영 확장을 위한 포괄적인 계획을 승인했습니다. 주요 사항은 다음과 같습니다:
1. 자본 유치를 위한 규정 1-A 등록 성명서 최종화
2. L J Soldinger Associates와의 2년 감사 계약 체결
3. Form 10 등록 성명서 제출 계획
4. 2024년 4분기 OTCQB로의 상장 목표
5. XFC를 선도하는 MMA 개발 리그로 성장시키기 위한 집중
6. 'Young Guns' 시리즈 및 국제 XFC 이벤트 재개 계획
자본은 라이브 이벤트 생산, 브랜드 구축 및 장기적인 주주 가치를 향상시키기 위한 전략적 인수 추구에 사용될 것입니다.
Xtreme One Entertainment (OTCPink: XONI) a annoncé un plan de croissance stratégique et une levée de capital de 10 millions de dollars pour accélérer l'investissement dans ses marques sportives, en particulier dans les Xtreme Fighting Championships (XFC) propriété MMA. Le conseil d'administration de l'entreprise a approuvé un plan global pour développer des événements et des opérations. Les points clés incluent :
1. Finalisation d'une déclaration d'enregistrement de Réglement 1-A pour la levée de capital
2. Engagement de L J Soldinger Associates pour un audit de deux ans
3. Prévision de déposer une déclaration d'enregistrement Form 10
4. Objectif de passer au OTCQB au 4ème trimestre 2024
5. Concentration sur le développement de XFC en tant que ligue de développement MMA leader
6. Intention de relancer la série 'Young Guns' et des événements internationaux XFC
Le capital sera utilisé pour la production d'événements en direct, le développement de la marque et la recherche d'acquisitions stratégiques pour améliorer la valeur à long terme pour les actionnaires.
Xtreme One Entertainment (OTCPink: XONI) hat einen strategischen Wachstumsplan und eine Kapitalerhöhung von 10 Millionen Dollar angekündigt, um die Investitionen in seine Sportmarken, insbesondere in die Xtreme Fighting Championships (XFC) MMA-Eigenschaft, zu beschleunigen. Der Vorstand des Unternehmens hat einen umfassenden Plan zur Expansion von Veranstaltungen und Operationen genehmigt. Zu den wichtigsten Punkten gehören:
1. Abschluss eines Registration Statement nach Regulation 1-A für die Kapitalerhöhung
2. Beauftragung von L J Soldinger Associates für ein zweijähriges Audit
3. Planung der Einreichung eines Form 10 Registration Statements
4. Ziel, im 4. Quartal 2024 an OTCQB gelistet zu werden
5. Fokus auf das Wachstum von XFC als führende MMA-Entwicklungsliga
6. Absicht, die Serie 'Young Guns' und internationale XFC-Events neu zu starten
Das Kapital wird für die Produktion von Live-Events, Markenaufbau und strategische Übernahmen verwendet, um den langfristigen Wert für die Aktionäre zu steigern.
- Board approval of comprehensive strategic growth plan
- $10 million capital raise through Reg A+ Offering
- Planned uplisting to OTCQB exchange in Q4 2024
- Engagement of auditor for two-year audit
- Expansion of XFC events, including 'Young Guns' series and international events
- Focus on becoming a leading MMA development league
- Currently trading on OTCPink, indicating lower tier of OTC markets
- Potential dilution of existing shareholders due to new equity offering
DETROIT, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Xtreme One Entertainment, Inc. (OTCPink: XONI) (the “Company” or “Xtreme One”) today announced that its Board of Directors approved a comprehensive strategic plan to continue investing in the Company’s sports brands and accelerating events under the Xtreme Fighting Championships (XFC) MMA property. The Company also announced the finalization of its Regulation 1-A registration statement (Reg A+ Offering) to raise up to
Xtreme One also announced the engagement of Chicago-based L J Soldinger Associates, LLC to complete a two-year audit to accompany the Company’s planned filing of a Form 10 registration statement and to qualify for listing on the OTCQB exchange. The move to a fully reporting OTCQB company is anticipated to occur in the fourth quarter of 2024.
“This strategic growth plan reflects the shared vision of our Board to build a premier media and entertainment company centered on MMA and other extreme sports and making the XFC the leading development league in the MMA space,” said Jeff Lambert, Board Chair of Xtreme One. “Growing our organization and growing our profile as a public company go hand in hand, and we have a front-row seat to the insatiable demand by fans and investors alike for live sports events and properties. The uplisting to OTCQB and ultimately NASDAQ has been part of our transformation plan since the beginning, and we know raising the Company’s profile will attract the right investors, improve our liquidity, and open the door for more sports fans, fighters and savvy investors to invest in our success.”
The Company intends to use the capital raised from the Reg A+ Offering for continued investment in the production of live events, which it believes will build the Company’s sports brands and drive long-term shareholder value. Management believes that raising the profile of its brand and events will enhance Xtreme One’s ability to attract key talent and sponsors to drive long-term sustainable growth in revenue and enhance profitability. The use of proceeds also includes pursuing strategic acquisitions, licensing agreements and content, and new media and entertainment properties to compliment its global XFC property and operation.
“This capital infusion will allow us to accelerate our pace of live events, including relaunching our ‘Young Guns’ series focused on developing the next generation of MMA fighters, and reintroducing international XFC events starting in Latin America, the birthplace of MMA and the XFC,” added Chris Defendis, president of Xtreme One. “As we grow and attract rising, top-tier talent from across the globe, we intend to raise the bar for what extreme events can be. The Board and management team are locked in on the game plan for sustainable growth and maximizing shareholder value.”
About Xtreme One Entertainment, Inc.
Founded in 1995 as a consumer and diversified holding company, Xtreme One Entertainment, Inc. (OTCPink: XONI) is now focused on media, entertainment, live sports, and event marketing. The Company, through its wholly owned subsidiary, XFC Global, Inc. (XFC), is the licensee of all the brands and intellectual property of Xtreme Fighting Championships Inc. worldwide. The XFC has produced over 50 televised professional MMA fights in the U.S. and Latin America since 2006 and was relaunched in 2024 by the new management team and world-class Board at Xtreme One. XFC fights are streamed live on Triller TV, the American Forces Network and a growing number of media platforms. For more information, visit XtremeOne.com or XFCFight.com. For retail investor perks, discounts on merchandise, and VIP access to upcoming events, join the Xtreme Shareholder Rewards program at TiiCKER.com/XONI.
Forward-Looking Statements
This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. These statements are subject to risks and uncertainties including, but not limited to, the following: the Company’s lack of history of operating profitability, the need to raise significant capital to fund operations and growth, uncertainty concerning the transition of the Company’s business model, uncertainty concerning market acceptance of the Company’s sports and entertainment marketing offerings, competition and the ability to develop or license intellectual property that is critical to the Company’s business, The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
Media Contact for XONI
Jen Wenk, Xtreme One Entertainment
jwenk@xtremeone.com
Investor Relations for XONI
Zachary Mizener
zmizener@lambert.com
FAQ
What is Xtreme One Entertainment's (XONI) new strategic growth plan?
How much capital is Xtreme One Entertainment (XONI) planning to raise?
When does Xtreme One Entertainment (XONI) plan to uplist to OTCQB?
What will Xtreme One Entertainment (XONI) use the raised capital for?
