The New York based Alliance MMA Inc. has become a publicly traded MMA entity. The new MMA organization is essentially a conglomerate of a bunch of smaller MMA promotions.
Alliance MMA was formed in 2015 with plans of developing an MMA league, with the end game of being a feeder organization into major MMA promotions like the Ultimate Fighting Championships (UFC), Bellator MMA and the World Series Of Fighting (WSOF).
The promotion has already acquired five other MMA promotions -- Cage Fury Fighting Championships (CFFC), Combat Games MMA (CG MMA), Hoosier Fight Club (HFC), V3 Fights and Shogun Fights.
The promotion officially became a publicly traded promotion this past Thursday (10/6), which now allows for the general public to invest and become minor owners of the company.
"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," said Alliance MMA President Robert Haydak.
Besides taking part in acquiring MMA promotions, Alliance MMA has also purchased internet pay-per-view (iPPV) provider Go Fight Live (GFL) and Cage Tix, an electronic ticketing platform.
For those interested in acquiring some Alliance MMA stock for themselves, you have to search for the “AMMA” stock symbol, the current trading price as of this writing is $4.65 per share, up $0.46 or 10.98% from its first day on the stock market.
- From The Web