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Super League (NASDAQ: SLE) sets new at-the-market stock sale program

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Super League Enterprise, Inc. (SLE) entered into a Sales Agreement with The Benchmark Company, LLC and StoneX Financial Inc. to sell shares of its common stock through an “at the market offering” program. The agreement permits sales of shares having an aggregate sales price of up to $2,229,000 pursuant to the company’s effective Form S-3 shelf registration statement.

Sales may be made from time to time by methods qualifying as an at-the-market offering under Rule 415. Super League is not obligated to sell any shares and may suspend solicitations at any time. The offering will end once the full $2,229,000 amount is sold or the Sales Agreement is terminated by the company or the agents.

The company will pay the agents a 1.0% commission on aggregate gross proceeds from each sale, provide customary indemnification, and reimburse specified expenses. A related prospectus supplement and a legal opinion regarding the validity of the shares have been filed.

Positive

  • None.

Negative

  • None.

Filing Explained

The August 18 Form 8-K records an at-the-market agreement allowing up to $2,229,000 of future common-stock sales, but it does not disclose that shares have been sold or issued; any resulting ownership dilution therefore remains conditional on future sales.

Item 1.01 Entry into a Material Definitive Agreement Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
ATM Aggregate Sales Limit $2,229,000 Maximum aggregate sales price of common stock under the Sales Agreement
Sales Agent Commission 1.0% Commission on aggregate gross proceeds from each share sale
Shelf Registration Statement Number 333-283812 Form S-3 shelf registration statement used for the offering
Shelf Filing Date December 13, 2024 Date the Form S-3 shelf registration was filed
Shelf Effectiveness Date December 20, 2024 Date the Form S-3 shelf registration was declared effective
Prospectus Supplement Date August 18, 2026 Date of the prospectus supplement relating to the ATM program
at the market offering financial
"to sell shares of our common stock... through an “at the market offering” program"
An at-the-market offering is a way a company raises cash by selling newly issued shares directly into the open market at prevailing prices, rather than all at once in a single deal. Think of it like turning a faucet on to drip shares into trading at current prices when needed; it gives the company flexibility to raise funds over time but can dilute existing shareholders and potentially affect the stock price, which investors should monitor.
Rule 415 regulatory
"deemed to be an “at the market offering” as defined in Rule 415 promulgated"
Rule 415 is a U.S. Securities and Exchange Commission regulation that lets a company register securities ahead of time and then offer them for sale in pieces over an extended period under a “shelf” registration, so offerings can be launched quickly when market conditions suit the issuer. For investors, it signals that management has a ready way to raise capital fast—useful for seizing opportunities but potentially dilutive to existing shareholders, like a company pre-loading a credit line it can tap as needed.
shelf registration statement regulatory
"The Shares will be issued pursuant to our shelf registration statement on Form S-3"
A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.
prospectus supplement regulatory
"we have filed a prospectus supplement filed with the SEC on August 18, 2026"
A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.
indemnification rights financial
"we have agreed to provide the Agents with customary indemnification rights"
Offering Type ATM

FAQ

What did Super League Enterprise, Inc. (SLE) announce on August 18, 2026?

Super League Enterprise, Inc. announced a Sales Agreement for an at-the-market offering of its common stock. The company may sell shares with an aggregate sales price of up to $2,229,000 through agents The Benchmark Company and StoneX Financial.

How large is the at-the-market offering program for SLE common stock?

The at-the-market offering program allows Super League to sell up to $2,229,000 of common stock. Sales may occur from time to time under Rule 415 and continue until this amount is sold or the Sales Agreement is terminated.

What commissions will Super League (SLE) pay under the Sales Agreement?

Super League will pay the agents a 1.0% commission on the aggregate gross proceeds from each sale of shares. The company will also reimburse specified expenses and provide customary indemnification to the agents involved.

Is Super League (SLE) required to sell shares under this at-the-market program?

Super League is not obligated to sell any shares under the Sales Agreement. The company may suspend solicitations and offers at any time, and the program ends when $2,229,000 is sold or the agreement is terminated.

Under which registration statement is SLE’s at-the-market offering being conducted?

The at-the-market offering is conducted under Super League’s Form S-3 shelf registration statement No. 333-283812. This registration was filed on December 13, 2024 and declared effective on December 20, 2024, with a related prospectus supplement dated August 18, 2026.

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Learn about SEC filing dates
false 0001621672 0001621672 2026-08-18 2026-08-18
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 8-K
 
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) of the SECURITIES EXCHANGE ACT OF 1934
 
Date of Report (Date of earliest event reported): August 18, 2026
 
Super League Enterprise, Inc.
(Exact name of registrant as specified in its charter)
 
Delaware
001-38819
47-1990734
(State or other jurisdiction of  
incorporation)
(Commission File Number)
(IRS Employer  
Identification Number)
 
2450 Colorado Avenue, Suite 100E
Santa Monica, California 90404
(Address of principal executive offices)
 
(213) 421-1920
(Registrants telephone number, including area code)
 
Not Applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
 
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a -12)
 
 
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d -2(b))
 
 
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e -4(c))
 
Securities registered pursuant to Section 12(b) of the Act:
 
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
Common Stock, par value $0.001 per
share
SLE
Nasdaq Capital Market
 
 
Indicate by check mark whether the Registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company  
 
If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
 

 
Item 1.01 Entry into a Material Definitive Agreement.
 
On August 18, 2026, Super League Enterprise, Inc. (the “Company”) entered into a Sales Agreement (the “Sales Agreement”) with The Benchmark Company, LLC ("Benchmark") and StoneX Financial Inc. ("StoneX" and, together with Benchmark, the "Agents"), to sell shares of our common stock, par value $0.001 per share, (the “Shares”) having an aggregate sales price of up to $2,229,000, from time to time, through an “at the market offering” program under which Benchmark and StoneX will act as sales agent. The sales, if any, of the Shares made under the Sales Agreement will be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 promulgated under the Securities Act of 1933, as amended.
 
We are not obligation to sell any of the Shares under the Sales Agreement and may at any time suspend solicitation and offers thereunder. The offering of Shares pursuant to the Sales Agreement will terminate on the earlier of (1) the sale, pursuant to the Sales Agreement, of Shares having an aggregate offering price of $2,229,000 and (2) the termination of the Sales Agreement by either us or Benchmark, as permitted therein.
 
The Company will pay the Agents a commission equal to 1.0% of the aggregate gross proceeds from each sale of Shares. In addition, we have agreed to provide the Agents with customary indemnification rights.  We will also reimburse the Agents for certain specified expenses in connection with entering into the Sales Agreement. The Sales Agreement contains customary representations and warranties and conditions to the sale of the Shares pursuant thereto.
 
The Shares will be issued pursuant to our shelf registration statement on Form S-3 (File No. 333-283812), filed by the Company with the SEC on December 13, 2024, and declared effective by the SEC on December 20, 2024. Concurrently herewith, we have filed a prospectus supplement filed with the SEC on August 18, 2026 (the “Prospectus Supplement”).
 
This Current Report does not constitute an offer to sell or the solicitation of an offer to buy any security nor any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 
The foregoing description is qualified in its entirety by reference to the full text of the Sales Agreement, the form of which is filed as Exhibit 1.1 to this Current Report. 
 
Attached hereto as Exhibit 5.1, and incorporated by reference to the Prospectus Supplement, is the opinion of Disclosure Law Group, a Professional corporation relating to the legality of the Shares.
 
The description of the Sales Agreement is only a summary and is qualified in its entirety by reference to the full text of such document, which is filed as an exhibit to this Current Report on Form 8-K and which is incorporated herein by reference.
 
Item 9.01 Financial Statements and Exhibits.
 
(d) Exhibits.
 
Exhibit 
No.
 
Description
1.1
 
Sales Agreement between Super League Enterprise, Inc., The Benchmark Company, LLC and StoneX Financial Inc. dated August 18, 2026
5.1
 
Opinion of Disclosure Law Group, a professional corporation
23.1
 
Consent of Disclosure Law Group, a professional corporation (included in Exhibit 5.1 filed herewith)
104
 
Cover Page Interactive Data File (embedded within the Inline XBRL document)
 

 
Signatures
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 
 
Super League Enterprise, Inc.
 
 
 
 
 
 
Date: August 18, 2026
By:
/s/ Clayton Haynes
 
 
Clayton Haynes
Chief Financial Officer
 

Filing Exhibits & Attachments

6 documents