Xtreme One Entertainment Announces $1.5 Million Private Placement
March 18 2025 - 12:00AM
InvestorsHub NewsWire
Xtreme One Entertainment Announces
$1.5 Million Private Placement
DETROIT -- March 18, 2025 -- InvestorsHub 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.
About Xtreme One Entertainment,
Inc.
Founded in 1995 as a diversified holding company, http://www.xtremeone.com/Xtreme One
Entertainment, Inc. (OTC: XONI) is focused on media, entertainment,
live sports, and event marketing. The Company, through its wholly
owned subsidiary, XFC Global, Inc. (XFC), is the licensee of all
the brands and intellectual property formerly produced and promoted
by Xtreme Fighting Championships Inc. worldwide, including over 50
televised professional MMA events spanning hundreds of fights in
the U.S. and Latin America produced since 2006. Xtreme One
acquired XFC Global in 2023, and under the direction of the
Company’s world-class Board and management team, the Company has
produced five televised pro MMA events viewed by millions of fans.
XFC fights are streamed live on beIN Sports
Pay Per View, Triller TV, the American Forces Network and a growing
number of media platforms.
For more information, visit XtremeOne.com or XFCFight.com. For retail investor rewards, discounts
on merchandise, and VIP access to upcoming events, join the Xtreme
Shareholder Rewards program at TiiCKER.com/XONI.
Investor Relations for XONI?
Zachary Mizener
zmizener@lambert.com
Xtreme One Entertainment (PK) (USOTC:XONI)
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