MMA.INC Lands $4 Million at a Premium and Now the Real Fight is for Scale
Mixed Martial Arts Group Limited (NYSEAMERICAN:MMA) just delivered a financing headline that is hard for the market to ignore: the company completed a $4.0 million private placement at $1.00 per share, compared with its August 19 closing price of $0.38. That represents an approximately 160% premium to the prior close, while the financing included common stock only, no warrants, options or convertible securities, and no broker, finder, placement-agent or investment-banking commissions. The full $4 million purchase price has been received.