Super League Announces Proposed Underwritten Public Offering
19 Août 2023 - 3:04AM
Super League Gaming, Inc. (Nasdaq: SLGG) (“Super League” or the
“Company”), a leading publisher and creator of immersive
experiences across the world’s largest metaverse gaming platforms,
today announced that it has commenced an underwritten public
offering of shares of its securities. The Company intends to use
the net proceeds from this proposed offering (the “Offering”) for
working capital and general corporate purposes. The Offering is
subject to market conditions, and there can be no assurance as to
if or when the Offering may be completed, or as to the actual size
or terms of the Offering.
In addition, the Company expects to grant Aegis
Capital Corp. a 45-day option to purchase additional shares of
Common Stock of up to 15% of the number of shares of Common Stock
(or pre-funded warrants, as applicable) sold in the Offering solely
to cover over-allotments, if any.
Aegis Capital Corp. is acting as the
sole book-running manager for the Offering.
This Offering is being made pursuant to an
effective shelf registration statement on Form S-3 (No.
333-259347), declared effective by the U.S. Securities and Exchange
Commission (the “SEC”) on November 16, 2021. A preliminary
prospectus supplement and accompanying shelf prospectus (“Shelf
Prospectus”) describing the terms of the Offering will be filed
with the SEC and will be available on the SEC’s website located at
http://www.sec.gov. Electronic copies of the preliminary prospectus
supplement (together with the final prospectus supplement for this
Offering, the “Prospectus Supplement”) and the accompanying Shelf
Prospectus may be obtained, when available, by contacting Aegis
Capital Corp., Attention: Syndicate Department, 1345 Avenue of the
Americas, 27th Floor, New York, NY 10105, by email at
syndicate@aegiscap.com, or by telephone at (212) 813-1010.
Before investing in this Offering, interested
parties should read, in their entirety, the prospectus supplement
and the Shelf Prospectus and the other documents that the Company
has filed with the SEC pertaining to the Offering and that are
incorporated by reference in the Prospectus Supplement and the
Shelf Prospectus, which provide more information about the Company
and such Offering.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be
any sale of securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction.
About Super League Gaming
Super League Gaming is a leading, strategically
integrated publisher and creator of games and experiences across
the world’s largest immersive digital platforms. From metaverse
gaming powerhouses such as Roblox, Minecraft, and Fortnite, to the
most popular web3 environments such as The Sandbox and
Decentraland, to bespoke worlds built using the most advanced 3D
creation tools, Super League’s innovative solutions provide
incomparable access to massive audiences of consumers who gather in
immersive digital spaces to socialize, play, explore, collaborate,
shop, learn, and create. As a true end-to-end activation partner
for dozens of global brands, Super League offers a complete range
of development, distribution, monetization, and optimization
capabilities designed to engage users through dynamic, energized
programs. As an originator of new experiences designed by in-house
creators and a network of top developers, a comprehensive set of
proprietary creator tools, and a future-forward team of creative
professionals, Super League accelerates IP and audience success
within the fastest growing sector of the gaming and media
industries. For more information about the Company, go to
superleague.com.
Forward-Looking Statements
This press release contains forward-looking
statements which involve substantial risks and uncertainties.
Forward-looking statements are often identifiable by the words
“anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,”
“intend,” “may,” “might,” “objective,” “ongoing,” “plan,”
“predict,” “project,” “potential,” “should,” “will,” or “would,” or
the negative of these terms, or other comparable terminology
intended to identify statements about the future. These statements
involve known and unknown risks, uncertainties and other factors
that may cause the Company’s actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. Although the Company believes that it has a reasonable
basis for making each forward-looking statement contained in this
press release, the Company cautions that these statements are based
on a combination of facts and factors currently known by the
Company and its expectations of the future, about which the Company
cannot be certain. Forward-looking statements are subject to
considerable risks and uncertainties, as well as other factors that
may cause the Company’s actual results, levels of activity,
performance or achievements to be materially different from the
information expressed or implied by these forward-looking
statements. These risks and uncertainties include, without
limitation, risks and uncertainties related to whether or not the
Company will be able to raise capital through the sale of shares of
Common Stock (or pre-funded warrants to purchase Common Stock in
lieu thereof or in addition thereto) or otherwise; the final terms
of the proposed offering; market conditions; satisfaction of
customary closing conditions related to the public offering; the
Company’s ability to maintain adequate liquidity and financing
sources; various risks related to the Company’s business
operations; and other risks and uncertainties, including those
described within the section entitled “Risk Factors” in the
Company’s 2022 Annual Report, and subsequent Quarterly Reports on
Form 10-Q, which risk factors are incorporated in the Shelf
Prospectus and Prospectus Supplement by reference. There can be no
assurance that the Company will be able to complete the public
offering on the anticipated terms, or at all. The Company
undertakes no obligation to update the information contained in
this press release to reflect subsequently occurring events or
circumstances, except as required by law.
Investor Relations Contact:
Shannon DevineMZ North AmericaMain:
203-741-8811SLGG@mzgroup.us
Media Contact
Gillian Sheldongillian.sheldon@superleague.com
Super League Gaming (NASDAQ:SLGG)
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