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Super League Gaming Announces Name Change and Reverse Stock Split

Super League Gaming, Inc. has announced that it will be changing its name to Super League Enterprise, Inc. The name change is intended to better reflect the company's vision and potential as a scalable, vertically integrated publishing engine for the immersive web. The new name will go into effect on September 11th, and the company's stock trading symbol will be changed from “SLGG” to “SLE” to align with the new name.

In addition to the name change, Super League Gaming will be implementing a reverse stock split of its issued and outstanding shares of common stock. The reverse split will be done at a ratio of 1-for-20, meaning that for every 20 shares held, shareholders will receive one share after the split. This is expected to become legally effective on September 11, 2023.

The reverse split is being done to increase the market price per share and ensure compliance with the minimum bid price required for continued listing on The Nasdaq Capital Market. It is also intended to make investments in the company more attractive to investors by increasing the trading price of the common stock.

After the reverse split, each stockholder's ownership interest and voting power will remain unchanged, with the exception of minor changes resulting from the treatment of fractional shares. No fractional shares will be issued; instead, shareholders will receive cash in lieu of such fractional shares.

Stockholders who hold their shares in brokerage accounts or in “street name” will have their positions automatically adjusted to reflect the reverse split, while those holding shares in certificate form will receive instructions from Broadridge, the company's transfer agent.

Super League Enterprise, Inc. is a leading publisher and creator of games and experiences across immersive digital platforms. The company offers a range of development, distribution, monetization, and optimization capabilities designed to engage users in immersive digital spaces. As an originator of new experiences, Super League accelerates IP and audience success within the media industry.

Sources: Super League Gaming, Inc.