Super League Announces Follow On Close of Private Placement Offering, Securing Total of $17.9 Million
Rhea-AI Summary
Super League (Nasdaq: SLE) closed the second and final tranche of its private placement on Oct 24, 2025, securing $17.9 million in total gross proceeds, including a previously announced $10 million anchor investment from Evo Fund. After transaction fees, expenses and debt repayments, the company expects to emerge with more than $15 million of deployable capital.
Management says the funds, together with recent cost reductions and revenue diversification, should fund operations for the foreseeable future. The company plans to eliminate all outstanding debt by Nov 15, 2025, streamlined its capital structure via conversion and consolidation of preferred shareholdings, and has agreed to file registration statements for resale rights.
Positive
- Gross proceeds of $17.9 million
- More than $15 million deployable capital after fees and repayments
- Anchor investment of $10 million from Evo Fund
- Planned elimination of all outstanding debt by Nov 15, 2025
Negative
- Securities sold in private placement with resale restrictions pending SEC registration
- Offering included warrants and pre-funded warrants, implying potential dilution
- Securities offered only to accredited investors, limiting immediate liquidity
News Market Reaction
On the day this news was published, SLE gained 2.88%, reflecting a moderate positive market reaction. Argus tracked a peak move of +59.2% during that session. Our momentum scanner triggered 20 alerts that day, indicating elevated trading interest and price volatility. This price movement added approximately $86K to the company's valuation, bringing the market cap to $3M at that time. Trading volume was very high at 3.6x the daily average, suggesting strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
~ With Substantial Cash on Balance Sheet, Company Set to Reignite Growth and Drive Shareholder Value on Path to Profitability ~
SANTA MONICA, Calif., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Super League (Nasdaq: SLE) (the “Company”), a leader in playable media trusted by global brands to reach and activate gaming audiences through playable ads and gamified content, today announced the closing of the second and final tranche of its previously announced private placement financing. With an additional
Super League will emerge with more than
The culmination of a six-month corporate turnaround plan, the transaction and related initiatives provide for the following:
- Elimination of all outstanding debt by November 15, 2025, resulting in a strong, clean balance sheet, greater financial flexibility, and
$15 million available for working capital and strategic growth. - Streamlined capital structure through the conversion and consolidation of multiple layers of preferred shareholdings.
- Strengthening shareholders equity, positioning the Company for broader market visibility and access to institutional capital for opportunistic expansion.
- Sufficient capital to fully fund operations while pursuing a forward-looking strategy in the digital asset economy.
- Strategic support from Evo Fund, an internationally recognized sponsor of companies pioneering innovative digital-asset-based business models.
“The completion of this financing marks a powerful new beginning for Super League,” said Matt Edelman, CEO and President of Super League. “We’ve transformed challenge into opportunity, resetting our balance sheet, simplifying our capital structure, and securing strategically valuable capital that enables bold action. With financial strength, sharpened operational focus and renewed momentum, we are entering a new era that will be defined by ambitious execution, scalable growth, and strategically aligned expansion into the digital asset economy, reinforcing our ability to deliver sustainable value for shareholders.”
The private placement offering consisted of shares of common stock, pre-funded warrants and warrants to purchase common stock.
The Company plans to use the net proceeds from the offering, together with its existing cash, for general corporate purposes, working capital and strategic growth initiatives.
Aegis Capital Corp. acted as exclusive placement agent for the offering.
Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp.
Disclosure Law Group, a Professional Corporation acted as counsel to the Company.
The securities described above were sold in a private placement transaction not involving a public offering and have not been registered under the Securities Act of 1933, as amended (the “Securities Act”), or applicable state securities laws. Accordingly, the securities may not be reoffered or resold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws. The securities were offered only to accredited investors. Pursuant to a registration rights agreement with the investors, the Company has agreed to file one or more registration statements with the SEC covering the resale of the Common Stock and the Shares issuable upon exercise of the pre-funded warrants and warrants.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Super League
Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The company creates moments that matter by placing brands directly in the path of play through playable ads and gamified content across mobile, web, CTV, social, and the world’s largest immersive gaming platforms. Powered by proprietary technologies, an award-winning development studio, and a vast network of native creators, Super League enables brands to stand out culturally, inspire loyalty, and drive measurable impact in today’s attention-driven economy. For more information, visit superleague.com.
About Evo Fund
Evo Fund, part of the Evolution Financial Group, is a distinguished strategic investment entity known for its experience in the digital asset treasury sector. Leveraging innovative financing structures, the fund seeks to identify and invest in transformative opportunities. By partnering with innovative, forward-thinking companies, Evo Fund collaborates with those shaping the future of digital economies. Over the past decade, Evo Fund has established itself as a leading investor in third-party allotments within the Japanese market, achieving the top rank in both total transaction value and the number of completed PIPE transactions.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995.
Forward Looking Statements can be identified by words such as “anticipate,” “intend,” "plan," "goal," "seek," "believe," "project," "estimate," "expect," "strategy," "future," "likely," "may," "should," "will" and similar references to future periods. Forward-looking statements include all statements other than statements of historical fact, including, without limitation, all statements regarding the private placement, including expected proceeds, expected use of proceeds and expected closing, expectations regarding the Company’s debt levels upon closing of the private placement, Super League’s ability to regain compliance with the Listing Rules of the Nasdaq Capital Market, expectations and timing with respect to a stockholder meeting, statements regarding expected operating results and financial performance (including the Company’s commitment to and ability to achieve Adjusted EBITDA-positive results in Q4), strategic transactions and partnerships, and capital structure, liquidity, and financing activities. These statements are based on current expectations, estimates, forecasts, and projections about the industry and markets in which the Company operates, management’s current beliefs, and certain assumptions made by the Company, all of which are subject to change.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties, and other factors that are difficult to predict and that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Important factors include, but are not limited to: the Company’s ability to satisfy the closing conditions required to consummate the private placement, whether the consummation of the private placement will occur, the Company’s ability to execute on cost reduction initiatives and strategic transactions; customer demand and adoption trends; the timing, outcome, and enforceability of any patent applications; the ability to successfully integrate new technologies and partnerships; platform, regulatory, macroeconomic and market conditions; compliance with Nasdaq Capital Market continued listing standards; access to, and the cost of, capital; and the other risks and uncertainties described in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, the Company’s Quarterly Report on Form 10-Q for the quarters ended March 31, 2025 and June 30, 2025, and other filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date hereof. Except as required by law, the Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Investor Relations Contact:
Shannon Devine/ Mark Schwalenberg
MZ North America
Main: 203-741-8811
SLE@mzgroup.us
FAQ
How much did Super League (SLE) raise in the Oct 24, 2025 private placement?
How much deployable capital will SLE have after fees and debt repayment?
When will Super League (SLE) eliminate all outstanding debt?
What role did Evo Fund play in Super League's funding round for SLE?
Will SLE shares from the private placement be immediately resellable?
What types of securities were issued in the SLE private placement?
