Super League Enterprise Says Debt To Equity Conversions Reduce Remaining 2025 Debt Burden By ~90%

Benzinga·07/14/2025 13:18:24

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~ Financing Secured via $4.5 Million Convertible Note Priced at a Premium to Market, Reflecting Investor Confidence in Future Growth ~

~ Debt to Equity Conversions Reduce 2025 Debt Service Obligations by ~90%, Clearing the Path for Stronger Financial Performance ~

SANTA MONICA, Calif., July 14, 2025 (GLOBE NEWSWIRE) -- Super League Enterprise, Inc. (Nasdaq: SLE) (the "Company"), a leader in engaging audiences through playable media, content, and experiences within mobile games and the world's largest immersive platforms, today announced a set of strategic transactions that bolster the Company's balance sheet and reduce its remaining 2025 debt burden by approximately 90%. Having recently regained compliance with the Nasdaq minimum bid requirement, the transactions represent another significant step on Super League's path towards achieving sustained profitability and growth.

New capital is being provided in the form of a $4.5 million Convertible Note, convertible into shares of Super League's common stock (the "Common Stock") at the option of the Purchaser. The conversion price for the Convertible Note is $6.81 per share of the Common Stock, which represents a premium of 30% above the Nasdaq Minimum Price (under Rule 5635(d)) applicable to Super League's Common Stock as determined on July 9, 2025.

Super League has further secured a $20 million equity line of credit (ELOC), providing the Company with a flexible source of capital to support future growth opportunities, subject to customary market conditions.

Additionally, as part of completing the financing, the Company successfully converted former high-interest debt facilities into equity securities, also at a premium to the Nasdaq Minimum price (under Rule 5635(d)) on the date of conversion. The debt conversions to equity securities and related amendments since the end of the first quarter have reduced the remaining debt service obligations for fiscal 2025 from approximately $5.7 million to $600,000, ensuring the new capital can be deployed towards business operations.

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