Howard Halpern

Jack Codera

Jack Kodera

Scott Buck

- Super League (SLE) completed a private placement financing, securing **$20 million** in total gross proceeds.  **[1621672_0001437749-25-032022_ex_878162.htm:0]** 
- The offering was anchored by a **$10 million** strategic equity investment from **Evo Fund**.  **[1621672_0001437749-25-032022_ex_877378.htm:0]** **[1621672_0001437749-25-032022_ex_878162.htm:0]** 
- This financing is expected to enable Super League to regain compliance with **Nasdaq's stockholders' equity listing requirements** and eliminate all outstanding debt by **November 15, 2025**.  **[1621672_0001437749-25-032022_ex_877378.htm:0]** **[1621672_0001437749-25-032022_ex_877379.htm:0]** 
- Following the transaction, Super League anticipates having **more than $15 million of deployable capital** and being debt-free, allowing for accelerated growth and expansion into the digital asset economy.  **[1621672_0001437749-25-032022_ex_877379.htm:0]** **[1621672_0001437749-25-032022_ex_878162.htm:0]**

Super League Secures $20 Million in Private Placement

- At its 2025 Annual Meeting of Stockholders on **October 20, 2025**, Super League Enterprise, Inc. received shareholder approval for several key proposals, including the issuance of Common Stock and shares underlying Pre-Funded Warrants, the issuance of Common Stock upon conversion of a Senior Secured Convertible Note and warrants, and the issuance of Common Stock and warrants pursuant to a Securities Purchase Agreement.  **[1621672_0001437749-25-031490_slgg20251022_8k.htm:11]** 
- On **October 20, 2025**, the Company issued **2,333,057** Series B Common Stock Purchase Warrants to holders of its Series B Convertible Preferred Stock, each with a proposed exercise price of **$1.00** per share.  **[1621672_0001437749-25-031490_slgg20251022_8k.htm:7]** 
- The Company also issued other Common Stock Purchase Warrants with an exercise price of **$1.00** per share, exercisable for five years from their issuance date of October [ \u25cf ], 2025.  **[1621672_0001437749-25-031490_ex_874283.htm:1]** 
- In connection with a placement, the Company's directors, executive officers, employees, and significant shareholders will enter into **60-day** lock-up agreements, and the Company will observe a **60-day** standstill period restricting further equity issuances without investor consent.  **[1621672_0001437749-25-031490_ex_874291.htm:3]** **[1621672_0001437749-25-031490_ex_874291.htm:4]**

Super League Enterprise, Inc. Announces Shareholder Approvals and Warrant Issuances

- Super League Enterprise, Inc. (SLE) entered into an Amended & Restated Exchange Agreement on **September 12, 2025**, to exchange existing preferred stock (Series AA, AAA, and Junior Preferred) for newly issued **Series B Convertible Preferred Stock**.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:1]** 
- Up to **16,426 shares** of Series B Preferred will be issued, each with a **stated value of $1,000.00** and an initial **conversion price of $7.00 per share**.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:1]** **[1621672_0001437749-25-029401_ex_862749.htm:2]** **[1621672_0001437749-25-029401_ex_862749.htm:4]**  The Series B Preferred is convertible at the Company's discretion, mandatorily on **February 11, 2026**, or at the holder's option.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:3]** **[1621672_0001437749-25-029401_ex_862749.htm:6]** 
- The newly issued Series B Preferred Stock will rank **senior** to the Company's Common Stock, Series AA Preferred, Series AAA Preferred, and Series AAA Jr. Preferred, but **junior** to any future series of Preferred Stock.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:3]** **[1621672_0001437749-25-029401_ex_862749.htm:5]** 
- In connection with this exchange, the participating preferred stockholders waived certain rights, including additional investment rights and remedies related to prior issuances below conversion price floors and incurrence of indebtedness, and agreed to vote their shares with management for six months.  **[1621672_0001437749-25-029401_slgg20250918_8k.htm:1]** **[1621672_0001437749-25-029401_ex_862748.htm:2]**

Super League Enterprise (SLE)