Spartan Race has filed a notice of an exempt offering of securities to raise $7,500,000.00 in New Equity Investment.
According to filings with the U.S. Securities and Exchange Commission, Spartan Race is raising $7,500,000.00 in new funding. Sources indicate that as part of senior management Chief Executive Officer, Joseph Desena played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.
About Spartan Race
Spartan is for those willing to mentally and physically push to achieve your personal best. Its a sport, mindset, community and way of life. Above all, its a catalyst for transformation, pushing you beyond what you thought was possible. Founded in 2010 by CEO Joe DeSena, Spartan is the worlds largest obstacle race and endurance brand, with more than 200 global events annually. The Spartan lifestyle spans more than 40 countries and encompasses a global championship series, training and nutrition programs, health and wellness products and a range of media entities. Spartans obstacle races have seen more than 5 million participants jump through fire and over the finish line after pushing their bodies and minds to limit across miles of unforgiving terrain while conquering signature obstacles such as the spear throw, bucket brigade and barbed wire crawl. Race events include three distances: the three to five-mile, 20-23 obstacle Sprint; eight to 10-mile, 24 to 29 obstacle Super; and 12 to 14-mile, 30 to 35 obstacle Beast, which, when completed in one race season earns competitors the coveted Trifecta medal. All races are timed and feature Elite, Age-Group, and Open heats, along with Spartan Kids races designed to challenge youth ages four to 14 with special obstacles and trails. The Spartan Championship Series features global rankings which culminate into the Spartan Race World Championship, where the sports best male and female athletes collide in Lake Tahoe, CA September 30 through October 1. Spartan Endurance, created to bring participants to their breaking points and build them back up again include the 26.2-mile (or greater), 60 to 70 obstacle Ultra; four and 12-hour Hurricane Heats, and 60 to 70-hour Agoge.
To learn more about Spartan Race, visit http://www.spartan.com/
Contact:
Joseph Desena, Chief Executive Officer
201-618-5207
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