Alta Global Group Raises $2.1M Via Private Placement
Ticker: MMA · Form: 6-K · Filed: Nov 15, 2024 · CIK: 1981519
Sentiment: bullish
Topics: private-placement, capital-raise, non-us-investors
Related Tickers: MMA
TL;DR
MMA just raised $2.1M from non-US investors at $1.68/share, no warrants. Good for cash.
AI Summary
On November 15, 2024, Alta Global Group Limited (NYSE American: MMA) announced it successfully raised $2.1 million through a private placement of ordinary shares. The offering was exclusively for non-U.S. investors and was priced at $1.68 per share, without any warrants, preserving the company's existing capital structure.
Why It Matters
This capital raise provides Alta Global Group with additional funds, strengthening its financial position without diluting existing shareholders through warrants.
Risk Assessment
Risk Level: medium — While the capital raise is positive, the reliance on private placements and non-U.S. investors can introduce specific market and regulatory risks.
Key Numbers
- $2.1M — Capital Raised (Funds secured through private placement)
- $1.68 — Share Price (Price per ordinary share in the private placement)
Key Players & Entities
- Alta Global Group Limited (company) — Company raising funds
- MMA (company) — Ticker symbol for Alta Global Group Limited
- $2.1 million (dollar_amount) — Total amount raised
- November 15, 2024 (date) — Date of announcement and completion
- $1.68 (dollar_amount) — Price per share
FAQ
What was the total amount raised by Alta Global Group Limited?
Alta Global Group Limited raised $2.1 million.
Who were the investors in this private placement?
The private placement was offered only to non-U.S. investors.
What was the price per share for the ordinary shares offered?
The ordinary shares were priced at $1.68 per share.
Were any warrants included in this offering?
No, the offering was of ordinary shares only, with no warrants.
On what date was this capital raise announced and completed?
The announcement and completion of the capital raise occurred on November 15, 2024.
Filing Stats: 328 words · 1 min read · ~1 pages · Grade level 11.2 · Accepted 2024-11-15 09:15:04
Key Financial Figures
- $2.1 million — rican: MMA) announced it had arranged a $2.1 million fundraise via a private placement of or
- $1.68 — only, to non-U.S. investors, priced at $1.68 per share, with no warrants, maintainin
- $2.1 Million — titled “Alta Global Group Raises $2.1 Million with Participation from its CEO and Boa
Filing Documents
- form6-k.htm (6-K) — 20KB
- ex99-1.htm (EX-99.1) — 20KB
- 0001493152-24-046189.txt ( ) — 41KB
From the Filing
SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of November 2024 Commission File Number 001-41978 ALTA GLOBAL GROUP LIMITED (Translation of registrant’s name into English) Level 1, Suite 1, 29-33 The Corso Manly, New South Wales 2095 +61 1800 151 865 (Address of Principal Executive Offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F Form 40-F ALTA GLOBAL GROUP LIMITED EXPLANATORY NOTE On November 15, 2024, Alta Global Group Limited (NYSE American: MMA) announced it had arranged a $2.1 million fundraise via a private placement of ordinary shares. The capital raise was completed as an offering of ordinary shares only, to non-U.S. investors, priced at $1.68 per share, with no warrants, maintaining Alta’s capital structure. In addition, Alta Global Group issued a press release titled “Alta Global Group Raises $2.1 Million with Participation from its CEO and Board to Fund Expansion.” A copy of the press release is furnished herewith as Exhibit 99.1 to this report on Form 6-K. This report on Form 6-K (including the exhibit hereto) shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended, and shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing. Financial The following exhibit is being furnished herewith: Exhibit No. Description 99.1 Press Release, dated November 15, 2024 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. ALTA GLOBAL GROUP LIMITED Date: November 15, 2024 By: /s/ Nick Langton Name: Nick Langton Title: Founder and Chief Executive Officer