How are energy investors positioned?
Super League Enterprise, Inc. (NASDAQ:SLE) reported that Michael Keller resigned as a Class II member of the company’s Board of Directors, effective June 30, 2025. According to a statement included in a press release filed with the Securities and Exchange Commission, the company said Keller’s resignation was not due to any disagreements with respect to the company’s operations, policies, or practices.
No additional details regarding a replacement or succession plan were disclosed in the filing. Super League Enterprise, headquartered in Santa Monica, California, is listed on the Nasdaq Capital Market. The company’s Chief Financial Officer, Clayton Haynes, signed the report on behalf of the company.
The information in this article is based on a press release statement filed with the Securities and Exchange Commission.
In other recent news, Super League Enterprise, Inc. announced a 1-for-40 reverse stock split to address a deficiency notice from Nasdaq regarding the minimum bid price requirement. This action will reduce the company’s outstanding common shares from approximately 35.4 million to about 884,000. At its 2024 annual meeting, Super League’s stockholders approved several proposals, including amendments to the company’s Charter and the 2025 Omnibus Equity Incentive Plan. Additionally, Super League has completed a registered direct offering, raising approximately $670,000 through the sale of Common Stock and Pre-funded Warrants. The proceeds from this offering will be used for general corporate purposes and working capital. Aegis Capital Corp. acted as the exclusive placement agent for this transaction. Furthermore, Super League also finalized a public stock offering, raising around $550,000, which will be used for corporate purposes and debt repayment. These developments reflect Super League’s ongoing efforts to strengthen its financial position and comply with Nasdaq’s listing requirements.
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