Business
Super League Announces Proposed Underwritten Public Offering
SANTA MONICA, Calif., Aug. 18, 2023 (GLOBE NEWSWIRE) -- Super League Gaming, Inc. (Nasdaq: SLGG) (“Super League” or the “Company”), a leading publisher and
About this update from Super League Enterprise, Inc.
[{"type":"text","content":"SANTA MONICA, Calif., Aug. 18, 2023 (GLOBE NEWSWIRE) -- Super League Gaming, Inc. (Nasdaq: SLGG) (“Super League” or the “Company”), a leading publisher and creator of immersive experiences across the world’s largest metaverse gaming platforms, today announced that it has commenced an underwritten public offering of shares of its securities. The Company intends to use the net proceeds from this proposed offering (the “Offering”) for working capital and general corporate purposes. The Offering is subject to market conditions, and there can be no assurance as to if or when the Offering may be completed, or as to the actual size or terms of the Offering. In addition, the Company expects to grant Aegis Capital Corp. a 45-day option to purchase additional shares of Common Stock of up to 15% of the number of shares of Common Stock (or pre-funded warrants, as applicable) sold in the Offering solely to cover over-allotments, if any. Aegis Capital Corp. is acting as the sole book-running manager for the Offering. This Offering is being made pursuant to an effective shelf registration statement on Form S-3 (No. 333-259347), declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on November 16, 2021. A preliminary prospectus supplement and accompanying shelf prospectus (“Shelf Prospectus”) describing the terms of the Offering will be filed with the SEC and will be available on the SEC’s website located at http://www.sec.gov. Electronic copies of the preliminary prospectus supplement (together with the final prospectus supplement for this Offering, the “Prospectus Supplement”) and the accompanying Shelf 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 [email protected], or by telephone at (212) 813-1010. Before investing in this Offering, interested parties should read, in their entirety, the prospectus supplement and the Shelf Prospectus and the other documents that the Company has filed with the SEC pertaining to the Offering and that are incorporated by reference in the Prospectus Supplement and the Shelf Prospectus, which provide more information about the Company and such Offering. This press release shall not constitute an offer to sell or the solicitation of an offer to buy...