Xtreme One turns to crowdfunding as SEC backlog delays $25M raise

Grand Rapids-based Xtreme One Entertainment aims to establish a minor league for top-tier MMA promotions. Credit: Xtreme One Entertainment Xtreme One Entertainment Inc. is turning to crowdfunding to keep its capital raise moving while the SEC clears a backlog of more than 900 stock registration statements that piled up during last fall’s 43-day federal government shutdown. The Grand Rapids-based company will conduct a $5 million crowdfunding campaign under a federal regulation that does not require SEC clearance, unlike a stock offering or private placement. The company plans to use the funds to continue its momentum in 2026 for building the Xtreme Fighting...