Recent Updates — SLE
Super League Enterprise, Inc. increased the maximum aggregate offering price of common stock issuable under its Sales Agreement with The Benchmark Company, LLC and StoneX Financial Inc. by an additional $2,270,000. This amendment excludes approximately $2,228,999 of shares already sold pursuant to the agreement dated August 18, 2026. The company filed a prospectus supplement to cover these new shares and provided a legal opinion regarding their legality. Super League Enterprise, Inc. operates in the sports technology industry, providing software solutions for youth sports leagues.
Super League Enterprise, Inc. reported financial results for the fiscal quarter ended June 30, 2026. Gross revenue was approximately $3.0 million, essentially flat year-over-year and sequentially. Net revenue increased 16% sequentially to approximately $1.24 million from $1.08 million in Q1 2026, while gross margin expanded five percentage points to 41%. Adjusted EBITDA improved approximately 20% year-over-year to a loss of approximately $1.7 million compared with a loss of approximately $2.1 million in the prior-year quarter. The company ended the quarter with approximately $6.7 million in cash and investments, having redeemed its remaining preferred stock. Super League operates as an audience intelligence and media activation company focused on reaching video game players through digital advertising.
Super League Enterprise, Inc. entered into a Sales Agreement with The Benchmark Company, LLC and StoneX Financial Inc. on August 18, 2026, to sell shares of common stock through an at-the-market offering program. The aggregate sales price is capped at $2,229,000. The company will pay the agents a commission equal to 1.0% of the aggregate gross proceeds from each sale. This offering is conducted under the company's shelf registration statement on Form S-3 (File No. 333-283812), declared effective on December 20, 2024. Super League Enterprise operates in the sports technology industry, providing digital engagement and fan experience solutions for professional sports leagues.
Super League Enterprise, Inc. entered into subscription agreements with Metaplanet Holdings, Inc. and Evo Fund to issue securities in a strategic transaction expected to close in the fourth quarter of 2026. Metaplanet will contribute 2,100 Bitcoin valued at approximately $132.1 million plus $2.5 million cash in exchange for 44,859,400 shares of common stock at $3.00 per share, 100 shares of convertible perpetual preferred stock, and warrants to purchase up to 381,000,000 additional shares. Evo Fund will receive warrants to purchase up to 10,000,000 shares. Upon closing, the company will be renamed Superplanet, Inc., become a consolidated subsidiary of Metaplanet holding approximately 95.7% of common stock, and operate as a Bitcoin treasury platform alongside its existing gaming media business.
On July 29, 2026, Super League Enterprise, Inc. entered into a waiver and release agreement with Aegis Capital Corp to settle prior engagement obligations. The Company paid $0.7 million on July 30, 2026, in exchange for the waiver of rights of first refusal arising from previous agreements. Additionally, the Company agreed to pay $0.3 million prior to any future financing to waive tail fees associated with those prior engagements. This transaction resolves specific contractual liabilities and removes potential friction for upcoming capital raising activities. Super League Enterprise, Inc. operates in the sports technology industry, providing digital engagement platforms for professional sports leagues.
On June 3, 2026, Super League Enterprise, Inc. entered into a Redemption Agreement with the sole holder of its Series C Senior Convertible Preferred Stock to redeem and cancel all 1,153 outstanding shares of Preferred Stock. The Company paid a one-time cash payment of $922,400 to the Holder on June 8, 2026, which also terminated the July 10, 2025, Equity Purchase Agreement. Super League Enterprise, Inc. operates in the technology sector, providing digital marketing and engagement solutions.