Alta Global Group, which provides martial art and combat sport training through a network of partner gyms, raised $7 million by offering 1.3 million shares at $5, within the range of $4 to $6.
Alta offers a platform for martial arts and combat sports, featuring four core products: the Warrior Training Program, UFC Fight Fit Program, Alta Academy, and the Alta Community. To date, the company has monetized its Warrior Training Program. Alta's partner gym communities include martial arts and combat sports gym operations that span a range of training disciplines. Since 2018, the company has run over 206 programs globally, and over 5,100 participants have subscribed to its Warrior Training Program.
Alta Global Group plans to list on the NYSE American under the symbol MMA. ThinkEquity acted as sole bookrunner on the deal.
