SANTA MONICA, Calif., Oct. 24, 2025 (GLOBE NEWSWIRE) -- Super League (NASDAQ:SLE) (the "Company"), a leader in playable media trusted by global brands to reach and activate gaming audiences through playable ads and gamified content, today announced the closing of the second and final tranche of its previously announced private placement financing. With an additional $2.65 million, the Company has secured $17.9 million in total gross proceeds from new and existing investors. The offering was anchored by the previously announced $10 million investment from Evo Fund.
Super League will emerge with more than $15 million of deployable capital after accounting for transaction fees and expenses and debt repayments. Following significant cost reductions and successful revenue diversification implemented in the prior two fiscal quarters, management believes the funding to be sufficient to fund its current operations for the foreseeable future.
The culmination of a six-month corporate turnaround plan, the transaction and related initiatives provide for the following:
Elimination of all outstanding debt by November 15, 2025, resulting in a strong, clean balance sheet, greater financial flexibility, and $15 million available for working capital and strategic growth.
Streamlined capital structure through the conversion and consolidation of multiple layers of preferred shareholdings.
Strengthening shareholders equity, positioning the Company for broader market visibility and access to institutional capital for opportunistic expansion.
Sufficient capital to fully fund operations while pursuing a forward-looking strategy in the digital asset economy.
Strategic support from Evo Fund, an internationally recognized sponsor of companies pioneering innovative digital-asset-based business models.
"The completion of this financing marks a powerful new beginning for Super League," said Matt Edelman, CEO and President of Super League. "We've transformed challenge into opportunity, resetting our balance sheet, simplifying our capital structure, and securing strategically valuable capital that enables bold action. With financial strength, sharpened operational focus and renewed momentum, we are entering a new era that will be defined by ambitious execution, scalable growth, and strategically aligned expansion into the digital asset economy, reinforcing our ability to deliver sustainable value for shareholders."
The private placement offering consisted of shares of common stock, pre-funded warrants and warrants to purchase common stock.
The Company plans to use the net proceeds from ...
