Super League completes $500K stock offering

SANTA MONICA, Calif. - Super League Enterprise, Inc. (NASDAQ: SLE), a company specializing in playable media for brand engagement, has finalized a public stock offering, raising approximately $500,000 before expenses. The transaction, which closed on May 30, 2025, involved the sale of 4,166,666 shares at a price of $0.12 per share, near the stock’s 52-week low. Additionally, an overallotment option was exercised for 416,666 extra shares, bringing the total gross proceeds to around $550,000. According to InvestingPro data, the company’s market capitalization stands at just $4.04 million, with the stock down nearly 84% over the past year.

The net proceeds from the offering are intended for general corporate purposes, working capital, and to repay part of the company’s debt. Aegis Capital Corp. served as the sole book-running manager for the offering. Legal counsel was provided by Disclosure Law Group for Super League and Kaufman & Canoles, P.C. for Aegis Capital Corp.

The offering was conducted in accordance with a shelf registration statement previously filed with and declared effective by the U.S. Securities and Exchange Commission (SEC) on December 20, 2024. Details of the offering are available in the final prospectus supplement and accompanying prospectus filed with the SEC.

Super League is known for its innovative approach to connecting brands with consumers by integrating advertisements and experiences within mobile games and large gaming platforms. Despite its innovative business model, the company has experienced a significant revenue decline of 43.42% in the last twelve months. The company leverages proprietary technology, an award-winning development studio, and a network of native creators to create memorable brand interactions. InvestingPro subscribers have access to 16 additional key insights and a comprehensive Pro Research Report that provides deep-dive analysis of the company’s financial health and growth prospects.

This press release contains forward-looking statements regarding the company’s product development and business prospects. These statements are subject to risks and uncertainties that could affect the company’s plans and performance. The risks include market conditions, liquidity, and financing sources, as well as other factors detailed in the "Risk Factors" section of the company’s Annual Report on Form 10-K for the year ended December 31, 2024.

Investors and interested parties are advised that the information provided is based on a press release statement and should consult the final prospectus supplement and accompanying prospectus, along with other SEC filings, for a more complete understanding of the offering and the company.

In other recent news, Super League Enterprise, Inc. has revealed several significant financial developments. The company announced a registered direct offering with an institutional investor, involving the sale of approximately $670,000 in Common Stock and Pre-funded Warrants, intended to close by June 2025. Additionally, Super League completed a public offering that generated around $500,000, with an overallotment option exercised, bringing total proceeds to about $550,000. The proceeds from these offerings are earmarked for general corporate purposes, working capital, and partial debt repayment. Aegis Capital Corp. acted as the sole book-running manager for these transactions.

In another strategic move, Super League sold its Minecraft asset, InPVP, to Mineville LLC, aligning with its focus on core business operations. This sale allows Super League to partner with Mineville for brand partnerships and advertising, reaching over 8 million monthly active users. Furthermore, the company set a public offering price at $0.17 per share, expecting to raise approximately $869,999, with potential total gross proceeds of $1 million if the overallotment option is fully exercised. These developments are part of Super League’s broader strategy to streamline operations and enhance financial stability.

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