Super League Enterprise, Inc. Announces the Closing of Underwritten Public Offering
Super League Enterprise (NASDAQ: SLE) has closed a firm commitment underwritten public offering, raising approximately $869,999 in gross proceeds. The offering consisted of 5,117,647 shares of common stock priced at $0.17 per share. The company granted the underwriter an overallotment option to purchase up to additional 767,647 shares, which could increase total proceeds to $1 million if exercised in full.
The net proceeds will be used for general corporate purposes, working capital, and partial debt repayment. Aegis Capital Corp. served as the sole book-running manager for the offering, which was made under an effective shelf registration statement on Form S-3.
Super League Enterprise (NASDAQ: SLE) ha concluso un'offerta pubblica sottoscritta con impegno fermo, raccogliendo circa 869.999$ di proventi lordi. L'offerta comprendeva 5.117.647 azioni ordinarie al prezzo di 0,17$ per azione. La società ha concesso all'intermediario un'opzione di sovrallocazione per acquistare fino a ulteriori 767.647 azioni, che potrebbero portare i proventi totali a 1 milione di dollari se esercitata completamente.
I proventi netti saranno utilizzati per scopi aziendali generali, capitale circolante e parziale rimborso del debito. Aegis Capital Corp. ha agito come unico gestore dell'offerta, effettuata sotto un'efficace dichiarazione di registrazione a deposito (Form S-3).
Super League Enterprise (NASDAQ: SLE) ha cerrado una oferta pública con compromiso firme y suscrita, recaudando aproximadamente $869,999 en ingresos brutos. La oferta consistió en 5,117,647 acciones comunes a un precio de $0.17 por acción. La compañía otorgó al suscriptor una opción de sobresuscripción para comprar hasta 767,647 acciones adicionales, lo que podría aumentar los ingresos totales a 1 millón de dólares si se ejerce en su totalidad.
Los ingresos netos se utilizarán para propósitos corporativos generales, capital de trabajo y pago parcial de deuda. Aegis Capital Corp. actuó como único administrador principal de la oferta, realizada bajo una declaración de registro en vigor en el Formulario S-3.
슈퍼 리그 엔터프라이즈 (NASDAQ: SLE)는 확정 인수 공모를 성공적으로 마쳐 약 869,999달러의 총 수익을 조달했습니다. 이번 공모는 5,117,647주의 보통주를 주당 0.17달러에 발행했습니다. 회사는 인수인에게 최대 767,647주의 추가 주식을 매수할 수 있는 초과 배정 옵션을 부여했으며, 이 옵션이 전부 행사될 경우 총 수익은 100만 달러까지 증가할 수 있습니다.
순수익은 일반 기업 목적, 운전자본 및 일부 부채 상환에 사용될 예정입니다. Aegis Capital Corp.가 단독 주간사로서 이번 공모를 담당했으며, 이는 Form S-3에 따른 유효한 선등록 명세서 하에 이루어졌습니다.
Super League Enterprise (NASDAQ : SLE) a clôturé une offre publique ferme et souscrite, levant environ 869 999 $ de produits bruts. L'offre comprenait 5 117 647 actions ordinaires au prix de 0,17 $ par action. La société a accordé au souscripteur une option de surallocation pour acheter jusqu'à 767 647 actions supplémentaires, ce qui pourrait porter le produit total à 1 million de dollars si elle est entièrement exercée.
Le produit net sera utilisé à des fins générales d'entreprise, pour le fonds de roulement et le remboursement partiel de la dette. Aegis Capital Corp. a agi en tant que gestionnaire unique de l'offre, réalisée sous une déclaration d'enregistrement en vigueur selon le formulaire S-3.
Super League Enterprise (NASDAQ: SLE) hat ein fest zugesagtes öffentliches Angebot abgeschlossen und dabei etwa 869.999 US-Dollar Bruttoerlös erzielt. Das Angebot bestand aus 5.117.647 Stammaktien zu einem Preis von 0,17 US-Dollar pro Aktie. Das Unternehmen gewährte dem Underwriter eine Mehrzuteilungsoption zum Kauf von bis zu weiteren 767.647 Aktien, wodurch der Gesamterlös bei vollständiger Ausübung auf 1 Million US-Dollar steigen könnte.
Die Nettoerlöse werden für allgemeine Unternehmenszwecke, Betriebskapital und teilweise Schuldentilgung verwendet. Aegis Capital Corp. fungierte als alleiniger Bookrunner für das Angebot, das unter einer wirksamen Shelf-Registrierungserklärung auf Formular S-3 durchgeführt wurde.
- Raised $869,999 in gross proceeds with potential to reach $1 million if overallotment option is exercised
- Proceeds will help strengthen working capital and reduce company debt
- Successfully completed offering under effective shelf registration
- Significant dilution for existing shareholders with 5.1 million new shares issued
- Very low share price of $0.17 indicates potential financial distress
- Additional dilution possible if overallotment option is exercised
Insights
SLE raised $870K in a dilutive public offering at $0.17/share, indicating concerning capital needs while using proceeds for operations and debt reduction.
Super League Enterprise completed a $869,999 public offering by issuing 5,117,647 shares at $0.17 per share - a troublingly low share price that signals significant financial constraints. This offering structure reveals a company facing considerable pressure to raise capital despite highly dilutive terms for existing shareholders.
The extremely low offering price of $0.17 per share indicates the market's hesitance about SLE's prospects. For context, when companies need to price offerings this low, it typically reflects serious challenges in convincing investors of future value creation.
Looking at the capital allocation plans, SLE intends to use proceeds for general corporate purposes, working capital, and partial debt repayment. The need to raise capital for operational expenses rather than growth initiatives suggests cash flow difficulties. Particularly concerning is that only a "portion" of existing debt will be addressed, indicating the company's debt burden likely exceeds this modest capital raise.
The inclusion of an overallotment option to raise up to an additional $130,001 (through 767,647 more shares) suggests management recognizes this offering may be insufficient for their needs. If fully exercised, the total raise would reach approximately $1 million, still a relatively small amount for a NASDAQ-listed company.
This financing appears to be a stopgap measure rather than a strategic capital raise, aimed at extending the company's runway while it addresses fundamental business challenges. The necessity to pursue such dilutive financing suggests limited alternatives available to management.
SANTA MONICA, Calif., May 12, 2025 (GLOBE NEWSWIRE) -- Super League Enterprise, Inc. (NASDAQ: SLE) (the “Company”), a leader in redefining how brands connect with consumers through the power of playable media, today announced the closing of a firm commitment underwritten public offering with gross proceeds to the Company of approximately
The offering consisted of 5,117,647 shares of common stock. The public offering price per share of common stock was
Aggregate gross proceeds to the Company were approximately
Aegis Capital Corp. acted as the sole book-running manager for the offering. Disclosure Law Group, a Professional Corporation acted as counsel to the Company. Kaufman & Canoles, P.C. acted as counsel to Aegis Capital Corp.
The offering was made pursuant to an effective shelf registration statement on Form S-3 (No. 333-283812) previously filed with the U.S. Securities and Exchange Commission (SEC) and declared effective by the SEC on December 20, 2024. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC’s website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010.
Interested parties should read in their entirety the prospectus supplement and the accompanying prospectus and the other documents that the Company has filed with the SEC that are incorporated by reference in such prospectus supplement and the accompanying prospectus, which provide more information about the Company and such offering.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an 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 Enterprise, Inc.
Super League (Nasdaq: SLE) is redefining how brands connect with consumers through the power of playable media. The Company provides global brands with ads, content, and experiences that are not only seen - they’re played, felt, and remembered - within mobile games and the world’s largest immersive gaming platforms. Powered by proprietary technology, an award-winning development studio, and a vast network of native creators, Super League is a one-of-a-kind partner for brands looking to stand out in culture, spark loyalty, and drive meaningful impact. In a world where attention is earned, Super League makes brands relevant - by making them playable. For more information, visit superleague.com.
Forward-Looking Statements
The foregoing material may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Forward-looking statements include all statements that do not relate solely to historical or current facts, including without limitation statements regarding the Company’s product development and business prospects, and can be identified by the use of words such as “may,” “will,” “expect,” “project,” “estimate,” “anticipate,” “plan,” “believe,” “potential,” “should,” “continue” or the negative versions of those words or other comparable words. Forward-looking statements are not guarantees of future actions or performance. These forward-looking statements are based on information currently available to the Company and its current plans or expectations and are subject to a number of risks and uncertainties that could significantly affect current plans. These risks and uncertainties include, without limitation, risks and uncertainties related to whether or not the Company will be able to raise capital through the sale of its securities; market conditions; satisfaction of customary closing conditions related to the Offering; the Company’s ability to maintain adequate liquidity and financing sources; various risks related to the Company’s business operations; and other risks and uncertainties, including those described within the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024. There can be no assurance that the Company will be able to complete the Offering on the anticipated terms, or at all. Should one or more of these risks or uncertainties materialize, or the underlying assumptions prove incorrect, actual results may differ significantly from those anticipated, believed, estimated, expected, intended, or planned. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee future results, performance, or achievements. Except as required by applicable law, including the security laws of the United States, the Company does not intend to update any of the forward-looking statements to conform these statements to actual results.
Shannon Devine/ Mark Schwalenberg
MZ North America
Main: 203-741-8811
SLE@mzgroup.us
FAQ
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