Super League sets public offering at $0.12 per share

SANTA MONICA, Calif. - Super League Enterprise, Inc. (NASDAQ: SLE), a company specializing in interactive media and gaming experiences, announced today the pricing of its underwritten public offering. The offering is set at $0.12 per share, expecting to raise gross proceeds of approximately $500,000 before deductions for underwriting fees and other related expenses. According to InvestingPro data, the company’s market capitalization stands at $5.54 million, with the stock showing significant volatility over the past year, declining over 81% in the last twelve months.

The public offering consists of 4,166,666 shares of common stock. Additionally, Super League has provided an overallotment option to the underwriter for the purchase of up to an additional 416,666 shares, exercisable at any time within 45 days following the prospectus date.

The company anticipates that the aggregate gross proceeds could reach approximately $550,000 if the overallotment option is exercised in full. The expected closing date of the transaction is on or about May 30, 2025, contingent on meeting customary closing conditions.

Super League intends to allocate the net proceeds from this offering towards general corporate purposes, working capital, and the repayment of a portion of the company’s debt. This funding comes at a crucial time, as InvestingPro analysis reveals the company’s challenging financial position with a current ratio of 0.33 and significant debt obligations. Aegis Capital Corp. is serving as the sole book-running manager for the offering. InvestingPro subscribers have access to 15+ additional key financial insights about SLE’s debt structure and cash flow metrics.

The offering is being conducted in accordance with an effective shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective on December 20, 2024. Prospective investors are advised to read the final prospectus supplement and accompanying prospectus, available on the SEC’s website, which provide detailed information about Super League and this offering.

Super League Enterprise, known for its innovative approach to integrating brands with consumer experiences, delivers playable advertisements and content within mobile games and gaming platforms. The company leverages proprietary technology, a development studio, and a network of creators to offer unique brand engagements. However, financial metrics from InvestingPro indicate challenging business conditions, with revenue declining by 43.42% and an EBITDA of -$13.74 million in the last twelve months. A comprehensive analysis of SLE’s financial health and future prospects is available in InvestingPro’s detailed research report, part of their coverage of over 1,400 US stocks.

This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities in any state or jurisdiction where such an offer or sale would be unlawful before registration or qualification under the securities laws of any such state or jurisdiction.

The information in this article is based on a press release statement from Super League Enterprise, Inc.

In other recent news, Super League Enterprise, Inc. announced the sale of its Minecraft property, InPVP, to Mineville LLC. This all-cash transaction aligns with Super League’s strategy to streamline operations and reduce costs. The company aims to focus on providing playable media solutions to global brands. Additionally, Super League has set the public offering price at $0.17 per share, expecting to raise approximately $869,999 before fees and expenses. The offering includes an option for the underwriter to purchase additional shares, potentially increasing total gross proceeds to $1 million. In regulatory developments, Super League received a notice from the Nasdaq Stock Market for not meeting the minimum stockholders’ equity requirement. The company’s equity fell to $170,000, significantly below the $2.5 million threshold. Super League has 45 days to submit a compliance plan to Nasdaq and is committed to regaining compliance to maintain its listing. These recent developments highlight the company’s ongoing efforts to address financial and operational challenges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.