Super League Announces Private Placement Financing of $8.354 Million and Enters into Accounts Receivable Facility to Further Fund Growth Initiatives

SANTA MONICA, Calif., Dec. 22, 2023 (GLOBE NEWSWIRE) — Super League (Nasdaq:SLE), a global leader in providing immersive experiences across the world’s largest digital social platforms, announced today that it has consummated two tranches of private financing of convertible preferred stock, priced at the market under Nasdaq rules, with the final closing completed on December 22, 2023. Additionally, the Company entered into an agreement with SLR DIGITAL FINANCE LLC for a 2-year, $4 million accounts receivable financing facility (the “Facility”). The Company received aggregate gross proceeds of approximately $8.354 million in equity financing, before deducting placement agent fees and other offering expenses payable by the Company and up to $4 million of availability under the Facility.

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