Super League Enterprise announces 1-for-40 reverse split

Super League Enterprise (SLE) 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-40. The Reverse Split is expected to become legally effective at 12:01 AM on June 23, 2025, and the shares are expected to begin trading on the split-adjusted basis on the Nasdaq Capital Market under the company’s trading symbol “SLE” on June 23, 2025. On the Legal Effective Date, every 40 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 35.4 million shares to approximately 884 thousand shares. The Reverse Split is necessary to cure a deficiency notice previously received by the company from Nasdaq relating to the $1.00 minimum bid price required for continued listing on the NCM under Nasdaq Listing Rule 5550(a)(2), the company said.