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Super League Enterprise, Inc. (NASDAQ:SLE) announced Tuesday that it has regained compliance with Nasdaq Capital Market’s minimum bid price requirement. According to a press release statement and a recent SEC filing, the company received a letter from Nasdaq’s Listing Qualifications department confirming that, as of Monday, the closing bid price of its common stock had reached $1.00 per share or higher.
This development means Super League Enterprise now meets the requirements set out in Nasdaq Listing Rule 5550(a)(2), which mandates that listed companies maintain a minimum closing bid price of $1.00 per share. The company’s common stock continues to trade on the Nasdaq Capital Market under the ticker symbol SLE.
The information in this article is based on a press release statement and details disclosed in a Form 8-K filing with the Securities and Exchange Commission.
In other recent news, Super League Enterprise, Inc. has announced a 1-for-40 reverse stock split to address a Nasdaq deficiency notice regarding the $1.00 minimum bid price requirement for continued listing. This move will reduce the company’s outstanding common shares from approximately 35.4 million to about 884,000, while maintaining stockholders’ percentage ownership and voting power. In addition, the company has completed two stock offerings. A registered direct offering raised approximately $670,000, with proceeds earmarked for general corporate purposes and working capital. A separate public stock offering generated around $550,000, also intended for corporate purposes and debt repayment. Super League Enterprise held its annual stockholder meeting where several proposals, including amendments to the company’s Charter and the 2025 Omnibus Equity Incentive Plan, were approved. The company also announced the resignation of board member Michael Keller, effective June 30, 2025, noting that his departure was not due to disagreements with the company’s operations. These developments are based on press releases and filings with the Securities and Exchange Commission.
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