Alliance MMA Inc’s Quiet Period Will End on November 15th (NASDAQ:AMMA)
Alliance MMA’s (NASDAQ:AMMA) quiet period is set to end on Tuesday, November 15th. Upon the completion of the IPO, the Company’s gross proceeds from the sale of 2,222,308 shares of common stock was $10,000,373. The number of shares of the registrant’s common stock outstanding at November 4, 2016 was 8,888,978. The total market cap is $36,800,368.90. During the company’s quiet period, insiders and any underwriters involved in the IPO are restricted from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Shares of Alliance MMA (NASDAQ:AMMA) opened at 4.06 on Thursday. The company’s 50 day moving average price is $4.09 and its 200 day moving average price is $4.09. Alliance MMA has a 52-week low of $3.56 and a 52-week high of $5.47.
About Alliance MMA
Alliance MMA, Inc is a mixed martial arts organization offering the premier developmental league for mixed martial arts (MMA) fighters to advance to the sport’s highest level of professional competition. The Company was formed to acquire the businesses of the Target Companies and the media libraries of two prominent mixed martial arts, or MMA, promotions.
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