STOCK TITAN

Super League Enterprise (SLE) updates S-3 with legal opinion and auditor consent

(Neutral)
(Neutral)
Form Type
S-3/A

Rhea-AI Filing Summary

Super League Enterprise, Inc. filed Amendment No. 1 to its Form S-3 registration statement (File No. 333-296766). The amendment is described as being filed solely to add two exhibits: a legal opinion from Disclosure Law Group (Exhibit 5.1) and a consent from its independent registered public accounting firm, Withum Smith+Brown, PC (Exhibit 23.1). The company states that no provisions of the related prospectus are modified and the prospectus is therefore not included in this amendment. Signature blocks confirm authorization by Chief Executive Officer Matthew Edelman and other directors and officers.

Positive

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Negative

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Filing Explained

This amendment adds legal and accounting exhibits; the related shelf remains not effective and does not itself sell or issue shares.

The August 6 amendment adds a legal opinion and the independent accountant’s consent to Super League Enterprise’s registration statement. Because the related shelf remains not effective, this filing does not itself sell or issue shares.

The company says the amendment does not modify the prospectus. A Form S-3 is a shelf registration for future sales, so this amendment supplies registration support rather than changing the underlying securities terms.

The June 12 shelf covers resale of 1,072,900 common shares, including 509,682 pre-funded-warrant shares and 536,450 warrant shares. The company would receive no proceeds from those resales; cash exercise of the warrants may provide up to $9,656,000.

Pre-funded warrants convert into shares when exercised. If the covered warrants are exercised and shares are issued, the total share count would rise and existing holders’ percentage ownership would decline absent offsetting changes.

The filing states that effectiveness is being delayed until a further amendment specifically states that the registration statement is effective or the SEC determines its effective date.

Registration Statement regulatory
"Super League Enterprise, Inc. is filing this Amendment No. 1 to our Registration Statement"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
Asset Purchase Agreement financial
"Asset Purchase Agreement by and between the Company and Esports Now, LLC"
An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.
Registration Rights Agreement financial
"Form of Registration Rights Agreement"
A registration rights agreement is a contract that gives investors the option to have their ownership stakes officially registered with the government, making it easier to sell their shares later. This agreement matters because it provides investors with a clearer path to cash out their investments if they choose, offering more liquidity and confidence in their ability to sell their holdings when desired.
Power of Attorney regulatory
"Power of Attorney (located on the signature page of the Registration Statement"
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
opinion of Disclosure Law Group regulatory
"Opinion of Disclosure Law Group, a Professional Corporation"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What is the purpose of Super League Enterprise (SLE) Amendment No. 1 to Form S-3?

The amendment is filed solely to add Exhibit 5.1 and Exhibit 23.1 to an existing Form S-3 registration statement. It does not change any provisions of the prospectus that is part of the underlying registration statement.

Which new exhibits does Super League Enterprise (SLE) add in this S-3/A filing?

The company adds Exhibit 5.1, an opinion of Disclosure Law Group, and Exhibit 23.1, a consent of Withum Smith+Brown, PC. A related legal consent, Exhibit 23.2, is included within Exhibit 5.1.

Does the Super League Enterprise (SLE) S-3/A amendment change the prospectus terms?

No. The company states that this Amendment No. 1 does not modify any provision of the prospectus that forms part of the registration statement, so the prospectus is not reproduced in this amendment.

Who signed the Super League Enterprise (SLE) S-3/A amendment on behalf of the company?

The amendment is signed by Chief Executive Officer Matthew Edelman on behalf of Super League Enterprise, Inc., with additional signatures from the Chief Financial Officer and multiple directors, some via attorney-in-fact authorization.

What key agreements are cross-referenced as exhibits in Super League Enterprise (SLE) S-3/A?

Referenced exhibits include an Asset Purchase Agreement with Esports Now, LLC, a Brand Partnership Agreement with Esports Now, LLC, and a Registration Rights Agreement, each incorporated by reference from prior Form 8-K filings.
true 0001621672 S-3/A 00016216722025-01-012025-12-31 thunderdome:item
 

 

As filed with the Securities and Exchange Commission on August 6, 2026

 

Registration No. 333-296766

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

AMENDMENT NO. 1

TO

FORM S-3

 

REGISTRATION STATEMENT

UNDER THE SECURITIES ACT OF 1933

 

SUPER LEAGUE ENTERPRISE, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

47-1990734

(State or other jurisdiction of

incorporation or organization)

(I.R.S. Employer

Identification Number)

 

2450 Colorado Avenue, Suite 100E

Santa Monica, California 90404

(213) 421-1920

(Address, including zip code, and telephone number, including

area code of registrant’s principal executive offices)

 

Matthew Edelman

Chief Executive Officer

Super League Enterprise, Inc.

2450 Colorado Avenue, Suite 100E

Santa Monica, California 90404

(213) 421-1920

(Name, address, including zip code, and telephone

number, including area code, of agent for service)

 

Copies to:

Matthew Edelman

Chief Executive Officer

Super League Enterprise, Inc.

2450 Colorado Avenue, Suite 100E

Santa Monica, California 90404

(213) 421-1920

Daniel W. Rumsey, Esq.

Jack Kennedy, Esq.

Disclosure Law Group, a Professional Corporation

600 West Broadway, Suite 700 

San Diego, CA 92101

(619) 272-7050

 

As soon as practicable after this registration statement becomes effective.

(Approximate date of commencement of proposed sale to the public)

 

If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box.  ☐

 

If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box.  ☒ 

 

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act of 1933, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

 

 

 

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering.  ☐

 

If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box.  ☐

 

If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box.  ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer

Accelerated filer

Non-accelerated filer

Smaller reporting company

 

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 7(a)(2)(B) of the Securities Act. ☐

 

The Registrant hereby amends this Registration Statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this Registration Statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the Registration Statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to said Section 8(a), may determine.

 

 

 

 

EXPLANATORY NOTE

 

Super League Enterprise, Inc. (the “Company”) is filing this Amendment No. 1 to our Registration Statement on Form S-3 (File No. 333-296766), filed on June 12, 2026, for the sole purpose of filing Exhibit 5.1 and Exhibit 23.1 with the Securities and Exchange Commission. This Amendment No. 1 does not modify any provision of the Prospectus that forms a part of the Registration Statement and accordingly such Prospectus has not been included herein.

 

 

 

 

 

PART II

 

INFORMATION NOT REQUIRED IN PROSPECTUS

 

Item 16. Exhibits.

 

 

Exhibit No.

Name

 

Incorporation by Reference

       

2.1*

Asset Purchase Agreement by and between the Company and Esports Now, LLC, dated March 16, 2026

 

Exhibit 2.1 to the Company’s Current Report on Form 8-K, filed on March 20, 2026

       

3.1

Third Amended and Restated Certificate of Incorporation of Super League Enterprise, Inc.

 

Exhibit 3.1 to the Current Report on Form 8-K, filed on October 22, 2025

       

3.2

Certificate of Amendment to the Third Amended and Restated Certificate of Incorporation of Super League Enterprise, Inc., dated January 23, 2026.

 

Exhibit 3.1 to the Current Report on Form 8-K, filed on January 23, 2026

       

3.3

Second Amended and Restated Bylaws of Super League Enterprise, Inc.

 

Exhibit 3.2 to the Registration Statement, filed on January 4, 2019.

       

4.1

Form of Common Stock Purchase Warrant (incorporated by reference to

 

Exhibit 4.1 to the Company’s Current Report on Form 8-K, filed on March 20, 2026

       

4.2

Form of Pre-Funded Warrant to Purchase Common Stock (incorporated by reference to

 

Exhibit 4.1 to the Company’s Current Report on Form 8-K, filed on March 20, 2026

       

5.1

Opinion of Disclosure Law Group, a Professional Corporation.

 

Filed herewith

       

10.1

Brand Partnership Agreement by and between the Company and Esports Now, LLC, dated May 1, 2026

 

Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on May 6, 2026

       

10.2

Form of Registration Rights Agreement

 

Exhibit 10.1 to the Company’s Current Report on Form 8-K, filed on March 20, 2026)

       

23.1

Consent of Independent Registered Public Accounting Firm – Withum Smith+Brown, PC

  Filed herewith
       

23.2

Consent of Disclosure Law Group, a Professional Corporation (included in Exhibit 5.1)

 

Filed herewith

       

24.1

Power of Attorney (located on the signature page of the Registration Statement on Form S-3 filed on June 12, 2026)

   
       

107 **

Filing Fee Table

   

 

* Exhibits, disclosure schedules and other schedules have been omitted pursuant to Item 601(b)(2) of Regulation S-K. Super League agrees to furnish supplementally a copy of such exhibits, disclosure schedules and other schedules, or any section thereof, to the SEC upon request.

 

** Filed as an exhibit to the Registration Statement on Form S-3 filed on June 12, 2026.

 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Santa Monica, California, on the 6th day of August, 2026.

 

 

SUPER LEAGUE ENTERPRISE, INC.

 
       
 

By:  

/s/ Matthew Edelman

 
   

Matthew Edelman

 
   

Chief Executive Officer

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Signature 

Title 

Date 

     

/s/ Matthew Edelman 

Chief Executive Officer and Director

August 6, 2026

Matthew Edelman

(Principal Executive Officer)

 
     

/s/ *

Chief Financial Officer

August 6, 2026

Clayton Haynes

(Principal Financial and Accounting Officer)

 
     

/s/ *

Director

August 6, 2026

Bant Breen

   
     

/s/ *

Director

August 6, 2026

Marti Frucci

   
     

/s/ * 

Director

August 6, 2026

Ann Hand

   
     

/s/ * 

Director

August 6, 2026

Robert Kalutkiewicz

   
     

/s/ * 

Director

August 6, 2026

Kristin Patrick

   
     

/s/ *

Director

August 6, 2026

Hunter Williams

   

 

* /s/ Matthew Edelman

Attorney-in-fact