Super League closes $670,000 stock and warrant offering

SANTA MONICA, Calif. - Super League Enterprise, Inc. (NASDAQ: SLE), a company specializing in connecting brands with consumers through playable media, has completed a registered direct offering with an institutional investor. The transaction involved the sale of approximately $670,000 in shares of Common Stock and Pre-funded Warrants. According to InvestingPro data, the company faces significant financial challenges with a weak overall financial health score of 1.61 out of 5, operating with negative EBITDA of -$13.74M in the last twelve months.

The offering, which closed today, included 5,583,334 shares of Common Stock or equivalent Pre-Funded Units. Shares were priced at $0.12 each, while Pre-Funded Warrants were set at $0.11999, slightly less than the share price due to their immediate exercise capability at $0.00001 per warrant. These warrants are exercisable at any time until fully exercised.

The company has stated that the aggregate gross proceeds from the offering will be used for general corporate purposes and working capital. Aegis Capital Corp. served as the exclusive placement agent, while Disclosure Law Group and Kaufman & Canoles, P.C. provided legal counsel to the company and Aegis Capital Corp., respectively.

This offering was made possible through a shelf registration statement on Form S-3, which was filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on December 20, 2024. Details of the offering will be available in a final prospectus supplement and accompanying prospectus filed with the SEC.

Super League Enterprise, Inc. is known for creating advertising, content, and experiences within mobile games and large-scale immersive gaming platforms, aiming to make brands more relevant and engaging to consumers. The company’s stock, currently trading at $0.17, has experienced significant volatility with a beta of 2.07. Based on InvestingPro’s Fair Value analysis, the stock appears undervalued despite its challenging financial metrics. Discover detailed valuation insights and access the comprehensive Pro Research Report, available for over 1,400 US stocks.

Investors and interested parties are advised that this press release is not an offer to sell the securities and that any sales would be illegal without registration or qualification under applicable state laws. The company’s future plans and prospects contain forward-looking statements that are subject to risks and uncertainties, which are detailed in the company’s filings with the SEC.

This news article is based on a press release statement from Super League Enterprise.

In other recent news, Super League Enterprise, Inc. has been active in financial and strategic initiatives. The company completed a public stock offering, raising approximately $550,000 through the sale of 4,166,666 shares at $0.12 per share, including an overallotment option. The proceeds from this offering are intended for general corporate purposes, working capital, and partial debt repayment. Additionally, Super League announced a $670,000 direct offering with an institutional investor, involving Common Stock and Pre-funded Warrants, with the proceeds similarly aimed at supporting corporate needs.

In a strategic move, Super League divested its Minecraft asset, InPVP, to Mineville LLC, aligning with its strategy to streamline operations and reduce costs. This divestiture allows Super League to focus on its core business of providing playable media solutions to global brands. The transaction also establishes Super League as Mineville’s exclusive partner for brand partnerships and advertising sales, expanding its reach. These developments reflect Super League’s efforts to enhance operational efficiency and concentrate on its core business areas.

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