$XONI Xtreme One Entertainment Announces $1.5 Mill
Post# of 25459
(Total Views: 37)
Posted On: 03/18/2025 3:00:05 PM
$XONI Xtreme One Entertainment Announces $1.5 Million Private Placement
https://www.globenewswire.com/news-release/20...ement.html
DETROIT, March 18, 2025 (GLOBE NEWSWIRE) -- Xtreme One Entertainment, Inc. (OTC Pink: XONI), parent company of XFC Global Inc., the rapidly rising star in the world of mixed martial arts (MMA), today announced a $1.5 million private placement of common stock and warrants to purchase additional shares with a private family office based in the U.S.
Under terms of the private placement agreement, the Company will issue common stock and warrants under Rule 506 of Regulation D under the Securities Act of 1933. In exchange for $1.5 million in cash, the company will issue 15 million shares of its common stock ($0.10 per share) as well as 7.5 million warrants to purchase common shares for $0.20 per share with an expiration of March 31, 2028, and an additional 7.5 million warrants to purchase common shares for $0.25 per share with an expiration of March 31, 2029.
“This is a clear endorsement from an institutional investor on the untapped value of our stock and the upside potential of our business,” commented Jeff Lambert, Chairman of the Board of Xtreme One Entertainment. “The current share price is well below the exercise price of the warrants we are issuing, confirming our belief that XONI is woefully undervalued in the market. This transaction and the pricing well above the market more accurately reflects the underlying value of Xtreme One and our XFC business, and it also unlocks the potential for a further $3.375 million in additional capital investment when the warrants are exercised.”
Chris Defendis, Xtreme One Entertainment’s President, added: “This capital infusion will help fund our operations through the peak event season, as well as fuel our vision to explore additional sports properties under the Xtreme One umbrella. More importantly, we’ve teamed up with an investor that is already bringing additional resources and connections to the table, spanning media and brand partnerships and additional investors. The synergies inherent in this transaction are ideal for propelling our business growth and driving long-term value for our shareholders.”
The Company expects the transaction to close by the end of the week.
https://www.globenewswire.com/news-release/20...ement.html
DETROIT, March 18, 2025 (GLOBE NEWSWIRE) -- Xtreme One Entertainment, Inc. (OTC Pink: XONI), parent company of XFC Global Inc., the rapidly rising star in the world of mixed martial arts (MMA), today announced a $1.5 million private placement of common stock and warrants to purchase additional shares with a private family office based in the U.S.
Under terms of the private placement agreement, the Company will issue common stock and warrants under Rule 506 of Regulation D under the Securities Act of 1933. In exchange for $1.5 million in cash, the company will issue 15 million shares of its common stock ($0.10 per share) as well as 7.5 million warrants to purchase common shares for $0.20 per share with an expiration of March 31, 2028, and an additional 7.5 million warrants to purchase common shares for $0.25 per share with an expiration of March 31, 2029.
“This is a clear endorsement from an institutional investor on the untapped value of our stock and the upside potential of our business,” commented Jeff Lambert, Chairman of the Board of Xtreme One Entertainment. “The current share price is well below the exercise price of the warrants we are issuing, confirming our belief that XONI is woefully undervalued in the market. This transaction and the pricing well above the market more accurately reflects the underlying value of Xtreme One and our XFC business, and it also unlocks the potential for a further $3.375 million in additional capital investment when the warrants are exercised.”
Chris Defendis, Xtreme One Entertainment’s President, added: “This capital infusion will help fund our operations through the peak event season, as well as fuel our vision to explore additional sports properties under the Xtreme One umbrella. More importantly, we’ve teamed up with an investor that is already bringing additional resources and connections to the table, spanning media and brand partnerships and additional investors. The synergies inherent in this transaction are ideal for propelling our business growth and driving long-term value for our shareholders.”
The Company expects the transaction to close by the end of the week.
(0)
(0)Scroll down for more posts ▼