Alta Global Group Limited Announces Pricing of Initial Public Offering

MANLY, AUSTRALIA / ACCESSWIRE / March 27, 2024 / Alta Global Group Limited ("Alta" or the "Company") (NYSE American:MMA), a technology company that is enabling the global martial arts and combat sports industry to maximize the monetization opportunities available to the sector by increasing consumer participation in the sport and building upon existing community offerings within the sector, today announced the pricing of its initial public offering (the "Offering") of 1,300,000 ordinary shares at a price to the public of $5.00 per share, for gross proceeds of $6,500,000, before deducting underwriting discounts and offering expenses. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 195,000 ordinary shares from the Company to cover any over-allotments at the public offering price, less the underwriting discount.

The Company intends to use the net proceeds of the Offering for marketing and sales, product development, research and development and other general corporate purposes including working capital, operating expenses and capital expenditures.

The ordinary shares are expected to begin trading on the NYSE American on March 28, 2024, under the symbol "MMA." The Offering is expected to close on April 2, 2024, subject to the satisfaction of customary closing conditions.

ThinkEquity is acting as sole book-running manager for the Offering.

The Registration Statement on Form F-1 (File No. 333-275618) relating to the securities being sold in the Offering was filed with the Securities and Exchange Commission ("SEC") and declared effective on March 27, 2024. The Offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from ThinkEquity, 17 State Street, 41^st Floor, New York, New York 10004. The final prospectus will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov.

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 enabling the global martial arts and combat sports industry to maximize the monetization opportunities available to the sector by increasing consumer participation in the sport and building upon existing community offerings within the sector. While the Company believes martial arts and combat sport gyms have a superb in-gym product, they are ripe for transformation when it comes to building sales channels, enhancing customer onboarding, optimizing engagement and driving the growth and retention of members and membership revenues within their gym communities. For more information, please visit https:// www.altaglobalgroup.com.