Alta Global Group Limited Announces Closing of Initial Public Offering

MANLY, AUSTRALIA / ACCESSWIRE / April 2, 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 closing of its initial public offering of 1,300,000 ordinary shares at a public offering price of $5.00 per share (the "Offering"), for gross proceeds of $6,500,000, before deducting underwriting discounts and offering expenses. In addition, Alta has granted the underwriters a 45-day option to purchase up to an additional 195,000 ordinary shares solely to cover over-allotments, if any, at the initial 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.

ThinkEquity acted as sole book-running manager for the Offering.

A registration statement on Form F-1 (File No. 333-275618) relating to the shares was filed with the Securities and Exchange Commission ("SEC") and became effective on March 27, 2024. The Offering is being made only by means of a prospectus. Copies of the final prospectus may be obtained from ThinkEquity, 17 State Street, 41^st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an 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.

Forward Looking Statements
Statements in this press release about future expectations, plans, and prospects, as well as any other statements regarding matters that are not historical facts, may constitute "forward-looking statements." These statements include, but are not limited to, statements relating to the expected use of proceeds, the Company's operations and business strategy and the Company's expected financial results. The words "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The forward-looking statements contained in this press release are based on management's current expectations and are subject to substantial risks, uncertainty and changes in circumstances. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the uncertainties related to market conditions and other factors discussed in the "Risk Factors" section of the prospectus filed with the SEC. Any forward-looking statements contained in this press release speak only as of the date hereof, and, except as required by federal securities laws, the Company specifically disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.

For more information, please contact:

Neale Java
Chief Financial Officer
Alta Global Group Limited
W: www.altaglobalgroup.com
E: Investors@altaglobalgroup.com

SOURCE: Alta Global Group