Xtreme One Entertainment Inc. (OTC: XONI) Stocks On Watchlist After Latest News
Given the fact that the Xtreme One Entertainment Inc. (OTC:XONI) stock had been in focus yesterday, it is likely that the stock would stay on the radars of investors this morning as well. It could be a good time for investors to look into the announcement the company made yesterday.
Xtreme One Entertainment Lets Retail Investors Get into the Fight Game with a $10 million common stock offering to accelerate its XFC 3-Year Growth Plan
On Tuesday, the company announced that it was going to launch a common stock capital raise worth $10 million by way of a Registered A+ offering. The move would also allow MMA (mixed martial arts) fans to have a degree of ownership in Xtreme One Entertainment, a fast-growing and innovative business.
The Rationale
In the news release, it was noted that the public offering was a constituent of the larger growth plan of Xtreme One Entertainment to become the dominant development league for the next generation of MMA talent worldwide. The announcement came not long after the company had hit a number of key milestones throughout 2024 under the guidance of its new leadership.
Further Information
Investors who may be interested in the public offering would find more information about the same on the company’s website, XtremeOne.com. Up until the registration statement became effective, Xtreme One Entertainment would continue to look for indications of interest in the public offering through its website.
Management Comment
“As we have consistently noted, the company is executing our aggressive 3-year strategic growth plan to be a scalable and global MMA league that puts fighters first and maintains its focus on the fans. Not only will this capital raise ensure the company’s future growth, but it will also allow our incredible fans to become owners of the company,” commented Jeff Lambert, Chairman of the Xtreme One Board.
Technicals
| +/- EMA(20) | 0.0302 (-16.89%) |
| +/- SMA(50) | 0.0321 (-21.81%) |
| +/- SMA(200) | 0.0249 (+0.80%) |
| 5-Day Perf. | -21.63% |
| 1-Month Perf. | -34.04% |
| 3-Month Perf. | -4.21% |
| 6-Month Perf. | +18.48% |
| YTD Perf. | +12.61% |
| 1-Year Perf. | +92.31% |
| RSI(14) | 39.46 |
| ATR(14) | 0.01 |
| ADX(14) | 32.08 |
| Beta (5Y) | 0.77 |
