Super League Enterprise announces 1-for-12 reverse split

Super League announced a reverse stock split of its issued and outstanding shares of common stock, par value $0.001 per share, at a ratio of 1-for-12. The Reverse split is expected to become legally effective at 12:01 AM on January 23. The shares are expected to begin trading on a split-adjusted basis on The Nasdaq Capital Market, under the Company’s trading symbol “SLE“, on January 23. The shares will be assigned new CUSIP No. 86804F509. On the Legal Effective Date, every 12 issued and outstanding shares of the Company’s Common Stock will be converted automatically into one share of the Company’s Common Stock without any change in the par value per share. Once effective, the Reverse Split will reduce the number of shares of Common Stock outstanding from approximately 14M shares to approximately 1.16M shares. The Reverse Split enables ongoing compliance with Nasdaq listing requirements.