Super League Announces Additional Close in Private Placement Offering Based on Strong Demand, Securing a Total of $20 Million in Gross Proceeds

Core Insights - Super League has successfully completed a private placement financing, raising a total of $20 million in gross proceeds, with an additional $2.1 million secured [1][2] - The offering was primarily supported by a $10 million investment from Evo Fund, indicating strong investor confidence in the company's strategic direction and turnaround efforts [1][2] - The funds will be utilized for working capital, general corporate purposes, debt repayment, and strategic growth initiatives [2] Company Overview - Super League is a leader in playable media, focusing on connecting brands with consumers through playable ads and gamified content across various platforms [5] - The company aims to create impactful moments for brands, leveraging proprietary technologies and a network of creators to drive measurable results in the digital economy [5] Investment Details - The private placement included shares of common stock, pre-funded warrants, and warrants to purchase common stock [2] - Aegis Capital Corp. served as the exclusive placement agent for the offering, with legal counsel provided by Kaufman & Canoles, P.C. and Disclosure Law Group [3] Strategic Partnerships - Evo Fund, part of the Evolution Financial Group, is recognized for its strategic investments in the digital asset sector and has a strong track record in the Japanese market [6]