Aimee Boorman, a former Olympic gymnastics coach, is attempting to raise cash through an equity fund to establish a” first of its kind” skilled women’s gymnastics category.
In an offering statement filed last month with the Securities and Exchange Commission, the U. S. Pro Gymnastics Invitational—otherwise known as the Global Impact Gymnastics Alliance—disclosed its modest plan to raise between$ 10, 000 and$ 574, 222 with an offering of$ 0.79 per share.
Through a director, the company declined to comment.
Boorman is a well-known figure in the game, having trained Simone Biles since the age of eight and also served as the head coach of the United States ‘ gold medal team at the 2016 Rio Olympics. Later that summer, the Boorman-Biles collaboration ended when the coach resigned from her place at the Texas-based World Champions Center to become the executive director of the EVO Athletics training center in Florida.

In 2022, Boorman co- founded the Global Impact Gymnastics Alliance ( GIGA ), along with LaPrise Williams, the former Baylor women’s gymnastics coach, and Maura Fox, a product solutions consultant. According to the offering speech, the three have agreed to postpone their monthly payment of$ 75, 000 each until the agency’s” cash flow allows”.
The GIGA claims that it is “working to close the glaring distance” between opportunities for female gymnasts to thrive and make money away from the Olympics. It is hoping to ride the wave of new exterior investment in additional women’s specialist sports —such as the multi- sport league Athletes Unlimited, volleyball’s PVF, hockey’s PWHL and soccer’s USLW—as well as the Paris Summer Games that commence second month.
” Women’s gymnastics, the most- watched Olympic sports, has no master system, and this results in a series of unfavorable impacts to athletes, fans, and the game overall”, said GIGA’s SEC processing. A women’s pro league and a multimedia platform are combined by GIGA to enable athletes on the field of play, captivate fans, and launch gymnastics into a new era. This is “introduces an innovative solution to unlock the sport’s true potential.”
GIGA disclosed that it has previously sold$ 75, 000 worth of SAFE instruments, early-stage investment contracts that convert to equity at a predetermined triggering event, and secured$ 130, 000 in funding grants. The venture also claims to have approximately$ 100, 000 of sponsorship deal commitments. As of Tuesday, the company’s latest round has raised$ 9, 001 ahead of its Aug. 23 deadline.
The business acknowledges that an investment in GIGA is risky due to several factors, including the need to establish and maintain relationships with partners, including broadcast networks and sporting venues. It also mentions the” competitive pressure” a new professional sports competition would encounter as well as the difficulty of attracting talent from all over the world while navigating immigration and visa laws, cultural and linguistic barriers, and other challenges.

GIGA, however, claims that it has already gotten commitments from nine” top world Olympic gymnasts” and is in discussions with 15 others.
Brendan Coffey contributed to this report.