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Super League Enterprises Announces Partial Exercise of Over-Allotment Option

Super League Enterprises, Inc. (NASDAQ: SLE) has announced that the underwriter of its underwritten public offering, Aegis Capital Corp., has exercised its option to purchase an additional 32,616 shares of common stock. The shares were priced at $2.60 per share, resulting in gross proceeds of $84,801.60 for Super League. The closing of the exercise of the Over-Allotment Option is expected to take place on September 12, 2023, subject to customary closing conditions.

Aegis Capital Corp. acted as the sole book-running manager for the offering. The Offering was made under an effective shelf registration statement on Form S-3 and a final prospectus supplement and accompanying shelf prospectus have been filed with the U.S. Securities and Exchange Commission (SEC). Interested parties may obtain electronic copies of the prospectus supplement and the accompanying shelf prospectus from Aegis Capital Corp.

Super League Enterprise, Inc. is a leading publisher and creator of games and experiences across various digital platforms, including popular metaverse gaming environments such as Roblox, Minecraft, and Fortnite. The company offers a range of development, distribution, monetization, and optimization capabilities, targeting massive audiences in immersive digital spaces.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, and the sale of the shares is subject to registration or qualification under the securities laws. The exercise of the Over-Allotment Option is subject to customary closing conditions.

Source: Super League Enterprises, Inc.

Definitions:
1. Underwritten Public Offering – A process in which a company offers its securities for sale to the public with the assistance of an underwriter, who guarantees the sale of the securities.
2. Over-Allotment Option – An option granted to the underwriter of a public offering to purchase additional shares from the issuer, usually in response to strong demand for the offering.

Sources: Super League Enterprises, Inc.