Super League Enterprise completes series of transactions

Super League Enterprise (SLE) announced a set of strategic transactions that bolster the Company’s balance sheet and reduce its remaining 2025 debt burden by approximately 90%. Having recently regained compliance with the Nasdaq minimum bid requirement, the transactions represent another significant step on Super League’s path towards achieving sustained profitability and growth. New capital is being provided in the form of a $4.5M Convertible Note, convertible into shares of Super League’s common stock at the option of the Purchaser. The conversion price for the Convertible Note is $6.81 per share of the Common Stock, which represents a premium of 30% above the Nasdaq Minimum Price applicable to Super League’s Common Stock as determined on July 9. Super League has further secured a $20M equity line of credit, providing the Company with a flexible source of capital to support future growth opportunities, subject to customary market conditions. Additionally, as part of completing the financing, the Company successfully converted former high-interest debt facilities into equity securities, also at a premium to the Nasdaq Minimum price on the date of conversion. The debt conversions to equity securities and related amendments since the end of the first quarter have reduced the remaining debt service obligations for fiscal 2025 from approximately $5.7M to $600,000, ensuring the new capital can be deployed towards business operations.