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Pioneering Digital Asset Treasury Investor Evo Fund to Invest in Super League, Positioning Company to Increase Shareholder Value and Satisfy Nasdaq Shareholders Equity Requirement
Globenewswireยท 2025-09-22 20:35
Core Viewpoint - Super League is set to strengthen its financial position through a private placement financing, which will enhance its balance sheet and enable the company to explore new growth opportunities, particularly in the crypto economy [1][2][3]. Financial Position - The company expects to raise between $12 million and $20 million in gross proceeds from the private placement, which includes a $10 million strategic equity investment from Evo Fund [1][2]. - Upon completion of the financing, Super League will be debt-free and fully capitalized, allowing it to regain compliance with Nasdaq's shareholder equity listing requirements [1][3]. Strategic Initiatives - The financing will provide Super League with the flexibility to pursue scalable initiatives and explore crypto-forward opportunities while strengthening its current operations [2][3]. - The partnership with Evo Fund is expected to unlock strategic opportunities in a supportive regulatory environment for digital assets [3][4]. Corporate Restructuring - The company has simplified its capital structure by eliminating complex layers of preferred stock, creating a clean foundation for business acceleration [4]. - Super League aims to achieve EBITDA positivity on a cash basis in the fourth quarter of 2025, marking a significant milestone in its corporate strategy [2][3]. Investor Relations - Aegis Capital will act as the exclusive placement agent for the transaction, which is subject to customary closing conditions and stockholder approval [5][6]. - The securities offered in the private placement are exclusively for accredited investors and have not been registered under the Securities Act [6].