Loan & DebtJun 16, 2026, 08:31 AM
MMA.INC Terminates $20M Equity Line of Credit; No Funds Drawn
AI Summary
Mixed Martial Arts Group Limited (MMA.INC) announced the termination of its $20 million equity line of credit with American Ventures LLC, which was never utilized. The company stated this action simplifies its capital structure and removes uncertainty regarding the facility's availability or use. Additionally, MMA.INC confirmed that no funds have been drawn from a separate $5 million unsecured revolving loan facility from a family office.
Key Highlights
- MMA.INC terminated its previously announced $20 million equity line of credit with American Ventures LLC.
- No funds were ever utilized under the $20 million equity line of credit.
- No funds have been drawn under a separate recently announced $5 million unsecured revolving loan facility.
- The termination aims to simplify the capital structure and remove uncertainty.
- MMA.INC operates across 22 countries with over 5 million social media followers.
- The company has 530,000 user profiles and 100,000+ active students.
- MMA.INC includes 18,000 published gyms and 800 verified gyms.
Price Impact
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