IPO - Super League Enterprise, Inc.
Form Type: 8-K
Filing Date: 2025-05-15
Corporate Action: Ipo
Type: New
Accession Number: 000143774925016978
Filing Summary: On May 14, 2025, Super League Enterprise, Inc. reported entry into an Underwriting Agreement with Aegis Capital Corp. regarding the public offering of 5,117,647 shares of Common Stock at $0.001 par value. The Underwriter was granted a 45-day Over-Allotment Option to purchase an additional 767,647 shares. On May 14, the Underwriter partially exercised this option, acquiring 617,647 additional shares at $0.17 per share, leading to gross proceeds of approximately $104,999. This filing follows a prior report on May 12, 2025, concerning the same Offering. A related Press Release was also issued.
Additional details:
Underwriting Agreement Date: 2025-05-09
Offering Shares: 5,117,647
Additional Shares: 617,647
Price Per Share: 0.17
Gross Proceeds: 104999
Over Allotment Option Exercised: partially
Form Type: 424B5
Filing Date: 2025-05-12
Corporate Action: Ipo
Type: New
Accession Number: 000143774925016010
Filing Summary: Super League Enterprise, Inc. is offering 5,117,647 shares of common stock at a public offering price of $0.17 per share. The offering is underwritten on a firm commitment basis. As of May 8, 2025, the last reported price of the common stock was $0.325. The current aggregate market value of the outstanding equity held by non-affiliates is estimated at $7,222,244. The offering falls under Rule 424(b)(5) and is supplemented by a prospectus dated December 20, 2024. Aegis Capital Corp is overseeing the underwriting process, expecting to deliver shares to investors on or about May 12, 2025. The company intends to use proceeds for working capital, product development, marketing activities, and potentially investing in complementary businesses. There are significant risks involved with investing, including the potential for loss of investment and volatility in stock price. The company grants the underwriter an option to purchase an additional 767,647 shares, representing 15% of the offering, within 45 days after the date of this prospectus.
Additional details:
Shares Offered: 5,117,647
Public Offering Price: 0.17
Proceeds Before Expenses: 800,399
Underwriting Discount: 69,600
Total Proceeds If Option Exercised: 1,000,500
Use Of Proceeds: working capital, sales and marketing activities, product development, general corporate purposes
Last Reported Price: 0.325
Aggregate Market Value: 7,222,244
Common Stock Outstanding After Closing: 23,565,809
Form Type: 8-K
Filing Date: 2025-05-12
Corporate Action: Ipo
Type: New
Accession Number: 000143774925016162
Filing Summary: On May 9, 2025, Super League Enterprise, Inc. entered into an underwriting agreement with Aegis Capital Corp. for a public offering of 5,117,647 shares of its common stock at a price of $0.17 per share. The offering closed on May 12, 2025, generating net proceeds of approximately $700,400 after deducting underwriting expenses. Additionally, the company granted the underwriters a 45-day option to purchase 767,647 additional shares. The proceeds from the offering will be used for working capital, general corporate purposes, and repayment of the company's debt. The offering was registered under an effective shelf registration statement on Form S-3. The Underwriting Agreement and additional details regarding the offering are incorporated by reference into the filing. Furthermore, the Company announced the closing of the offering in a press release dated May 12, 2025. The document also includes the termination of a prior equity purchase agreement and announces the date for the 2024 Annual Meeting of stockholders on June 9, 2025.
Additional details:
Underwriting Agreement Date: 2025-05-09
Number Of Shares Offered: 5117647
Offer Price Per Share: 0.17
Net Proceeds: 700400
Option Shares: 767647
Annual Meeting Date: 2025-06-09
Proposal Submission Deadline: 2025-05-15
Form Type: 424B5
Filing Date: 2025-05-09
Corporate Action: Ipo
Type: New
Accession Number: 000143774925015626
Filing Summary: Super League Enterprise, Inc. is initiating an initial public offering (IPO) of shares of common stock at a public offering price yet to be determined. The shares are being underwritten on a firm commitment basis. The prospectus supplement indicates that the company's stock is listed on The Nasdaq Capital Market under the symbol 'SLE.' The previous reported sale price was $0.359 per share on May 2, 2025. The document provides a detailed overview of the company's operations, describing its innovative approach to advertising within gaming environments, emphasizing its engagement with consumers through playable media. The company has a robust business model, focusing on providing solutions for brands to connect with audiences by creating interactive experiences in virtual platforms. They've achieved a significant user base, with over 130 million unique players across various gaming platforms. They highlight risks associated with investment, including the unpredictability of stock performance and potential dilution of shares. The proceeds from the offering are intended for working capital, and the company also notes a strategy involving possible acquisitions of complementary businesses or technologies.
Additional details:
Shares Offered: [●] shares of Common Stock
Public Offering Price: $[●] per share
Common Stock Outstanding After: [●] shares
Underwriters Option: [●] additional shares
Use Of Proceeds: Working capital, including sales and marketing, product development, capital expenditures, and potential acquisitions.
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