Super League sets public offering price at $0.17 per share

SANTA MONICA, Calif. - Super League Enterprise, Inc. (NASDAQ: SLE), known for integrating brands with playable media, announced the pricing of its public offering at $0.17 per share, near its 52-week low. According to InvestingPro data, the company’s shares have declined over 76% in the past year, with current trading showing high volatility. The company expects to raise approximately $869,999 before fees and expenses. The offering includes 5,117,647 shares of common stock, with an additional option for the underwriter to purchase up to 767,647 shares, which may bring total gross proceeds to $1 million if fully exercised. This capital raise comes as InvestingPro analysis shows the company’s short-term obligations exceed its liquid assets, with a concerning current ratio of 0.55.

The offering is scheduled to close on May 12, 2025, contingent on customary closing conditions. Super League intends to allocate the net proceeds for general corporate purposes, working capital, and partial debt repayment. With an EBITDA of -$14.29 million in the last twelve months and rapidly depleting cash reserves, this financing appears crucial for the company’s operations. Aegis Capital Corp. is the sole book-runner, while Disclosure Law Group and Kaufman & Canoles, P.C. serve as legal counsel to Super League and Aegis, respectively.

The offering is made under a shelf registration statement, effective as of December 20, 2024. Details of the offering will be available in a final prospectus supplement on the SEC’s website.

Super League, leveraging proprietary technology and a development studio, offers global brands advertising and interactive experiences within mobile games and gaming platforms. The company aims to make brands more engaging by making them playable. Despite its innovative business model, the company faces significant challenges, with revenue declining 35.48% in the last twelve months. For deeper insights into SLE’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro, which offers 17 additional key insights about the company.

The announcement includes forward-looking statements regarding the company’s product development and financial prospects. These statements are subject to risks, including market conditions and the company’s ability to maintain sufficient liquidity. The company’s Annual Report on Form 10-K for the year ended December 31, 2024, describes these risks in detail.

This news is based on a press release statement and does not constitute an offer to sell or a solicitation of an offer to buy securities.

In other recent news, Super League Enterprise, Inc. has been notified by the Nasdaq Stock Market about its non-compliance with the minimum stockholders’ equity requirement for continued listing on the Nasdaq Capital Market. The company reported that its equity had fallen to $170,000, which is significantly below the required $2.5 million threshold. This notice, dated April 7, 2025, also highlighted that Super League does not meet alternative compliance standards related to market value of listed securities or net income from continuing operations. The company has a 45-day window to submit a compliance plan to Nasdaq, which could potentially grant them up to 180 days to regain compliance if accepted. If the plan is rejected or Super League fails to meet the requirements within the extension period, it has the option to request a hearing before an independent Nasdaq panel. This hearing would delay any suspension or delisting actions until the process concludes. Super League has expressed its commitment to addressing the compliance issues but acknowledges there is no guarantee of an extension or meeting the necessary requirements. The trading of Super League’s common stock on the Nasdaq Capital Market remains unaffected for now.

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