Super League Gaming, a big company that creates gaming experiences, has sold a large amount of its stock to the public, raising around $2.2 million. They sold each share for 13 cents. They plan to use this money to fund their day-to-day operations and other general business needs. Earlier this year in May of 2023 Super League Gaming had already raised $23.8 million from selling convertible preferred stock. The company said it will use the funds to settle debt, fund ongoing operations, and finance growth initiatives.
Additionally, they now have given Aegis Capital Corp., another company, the option to buy more shares for the next 45 days. This is to make sure they can cover any extra demands or unexpected needs. If Aegis decides to buy all the shares available in this option, Super League Gaming could raise an additional amount, bringing their total money raised to about $2.5 million before considering certain fees and expenses.
Super League Gaming stands as a paramount and seamlessly integrated developer and distributor of games and experiences across the globe’s most expansive digital realms. This includes metaverse giants like Roblox, Minecraft, and Fortnite, as well as prominent web3 spaces such as The Sandbox and Decentraland. Beyond these, they also cater to unique worlds crafted with cutting-edge 3D tools. Super League’s pioneering solutions grant unparalleled access to vast communities of users who congregate in these virtual realms to interact, play, explore, cooperate, shop, educate, and innovate.
Serving as a comprehensive partner for numerous worldwide brands, Super League delivers a spectrum of services encompassing development, distribution, revenue generation, and user engagement. With experiences curated by internal creators, a robust set of exclusive development tools, and a forward-thinking creative team, Super League propels brand and audience growth in the rapidly expanding gaming and media sectors. To learn more about the company, visit superleague.com.
Aegis Capital Corp. was the main organizer responsible for managing the sale of the stocks. This stock sale was approved and allowed based on rules and a registration form (Form S-3) that had been given a green light by the U.S. Securities and Exchange Commission (a big U.S. government agency overseeing stocks and investments) on November 16, 2021. There’s a detailed document that explains everything about this stock sale, and it’s available on the government agency’s website. If someone wants a copy, they can get it from Aegis Capital Corp.
Lastly, this announcement is just to inform people. It doesn’t mean they’re trying to sell stocks to everyone everywhere, especially in places where it’s not allowed by law.
