The filing is a narrative update with strong user/academy growth metrics but no actual financial results. The $4M private placement at a premium provides near-term cash, but the company remains pre-revenue in terms of reported earnings. Monitor for the next 20-F or 6-K with actual revenue and earnings data to validate the monetization thesis.
Price Chart
Executive Summary
MMA.INC released a new corporate presentation and press release highlighting 260% growth in paying academies to 389, 108,000 registered students, and a $21 million run-rate annualized payment volume. The filing also notes a recent $4 million private placement at $1.00 per share, a 160% premium to the August 19, 2026 closing price. The company is shifting focus to monetizing its existing network, but no actual revenue or earnings figures are provided, making this a forward-looking narrative update.
Key Facts
- 389 paying academies, representing approximately 260% growth since January 2025.
- 108,000 registered students, increasing approximately 101%.
- 28,000 monthly active users, growing approximately 89%.
- $21 million run-rate annualized payments processed through the platform, with payment volume increasing approximately 92%.
- Completed a $4 million private placement at $1.00 per share, a 160% premium to the August 19, 2026 closing price.
- Company has invested approximately $35 million over nine years building the platform.
- Launched XP Passport, a freemium digital identity and loyalty platform that does not presently generate revenue.
Financial Impact
No revenue or earnings figures reported. Filing highlights $21M run-rate annualized payment volume (not company revenue) and a $4M private placement at $1.00/share.
Risk Factors
- No actual revenue or earnings reported; all metrics are operational (paying academies, users, payment volume) which are not directly comparable to revenue.
- XP Passport is a freemium product with no current revenue generation.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 7 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (MMA) — Batch item 1 | 0001493152-26-040952 |
| Exhibit: ex99-1.htm | 0001493152-26-040952 |
| Document: form6-k.htm | 0001493152-26-040952 |
| Document: 0001493152-26-040952-index-headers.html | 0001493152-26-040952 |
| Document: 0001493152-26-040952-index.html | 0001493152-26-040952 |
| Document: 0001493152-26-040952.txt | 0001493152-26-040952 |
| 6-K Filing (MMA) — Batch item 7 | 0001493152-26-040952 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 29, 2026 27d ago | 6-K | $0.3900 | awaiting T+60 | — | $0.2900 (−25.64%) |
Sep 22, 2026 4w ago | 6-K | $0.4380 | awaiting T+60 | — | $0.2900 (−33.79%) |
Sep 17, 2026 5w ago | 6-K | $0.4343 | awaiting T+60 | — | $0.2900 (−33.23%) |
Sep 15, 2026 5w ago | 6-K | $0.3949 | awaiting T+60 | — | $0.2900 (−26.56%) |
Sep 10, 2026 6w ago | 6-K | $0.4035 | awaiting T+60 | — | $0.2900 (−28.13%) |
Sep 1, 2026 7w ago | 6-K | $0.4223 | awaiting T+60 | — | $0.2900 (−31.33%) |
Aug 20, 2026 9w ago | 6-K | $0.5662 | awaiting T+60 | — | $0.2900 (−48.78%) |
Jul 15, 2026 14w ago | 6-K | $0.4850 $0.3442 | ▼ −29.03% | ▼ −31.56% | $0.2900 (−40.21%) |
Jul 1, 2026 16w ago | 6-K | $0.5400 $0.4166 | ▼ −22.85% | ▼ −25.81% | $0.2900 (−46.30%) |
Jun 30, 2026 16w ago | 6-K | $0.5400 $0.4166 | ▲ +22.85% | ▲ +25.81% | $0.2900 (+46.30%) |
US Market Status
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