ALLIANCE MMA, INC. (NASDAQ:AMMA) Files An 8-K Regulation FD Disclosure
ITEM 7.01REGULATION FD DISCLOSURE
Alliance MMA, Inc. (the Company) announced on April 21, 2017 that
a shareholder has filed a lawsuit against the Company and two of
its current officers in the United States District Court for the
District of New Jersey, under the caption Shapiro v. Alliance
MMA, Inc., No. 1:17-cv-2583 (D.N.J.). The lawsuit alleges
violations of the federal securities laws and purports to seek
damages on behalf of a class of all shareholders who purchased
the Companys common stock or traceable to the Companys initial
public offering. The Company believes that the lawsuit is without
merit and intends to vigorously defend against it. Securities
claims like this are often pursued by opportunistic lawyers when
there is a drop in stock price, stated CEO Paul K. Danner, III.
The law firm of King Spalding LLP has been engaged to help us
fight back, and we plan to file a motion to dismiss this lawsuit.
The information under this Item 7.01 and in Exhibit 99.1 in this
Current Report is being furnished and shall not be deemed filed
for the purpose of Section 18 of the Securities Exchange Act of
1934, as amended, or otherwise subject to the liabilities of that
Section. The information under this Item 7.01 and in Exhibit 99.1
in this Current Report shall not be incorporated by reference
into any registration statement or other document to the
Securities Act of 1933, as amended.
ITEM 9.01FINANCIAL STATEMENTS AND EXHIBITS
| (d) | Exhibits. | |
| 99.1 | Press Release dated April 21, 2017. | |
About ALLIANCE MMA, INC. (NASDAQ:AMMA)
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. By combining the Target Companies, it intends to create a developmental league for professional MMA fighters and a feeder. ALLIANCE MMA, INC. (NASDAQ:AMMA) Recent Trading Information
ALLIANCE MMA, INC. (NASDAQ:AMMA) closed its last trading session at with 85,449 shares trading hands.
