Super League Gaming Announces Sale of $ 13.6 Million Common Shares

SANTA MONICA, Calif., March 22, 2021 (GLOBE NEWSWIRE) – Super League Gaming (or the Corporation) (Nasdaq: SLGG), a global leader in competitive video games and esport entertainment for everyday gamers, has today announced the sale of 1,512,499 common shares at a price of $ 9.00 per share. Gross proceeds from the offering, before fees, are expected to be approximately $ 13.6 million.

Ann Hand, CEO of Super League Gaming, said: “These funds help strengthen our balance sheet, giving us more flexibility to execute our business plan and consider a number of growth opportunities as we go. they present themselves.

Super League currently intends to use the net proceeds of the offering for working capital and general corporate purposes, including sales and marketing activities, product development and capital expenditures. .

The transaction is expected to close on or around March 23, 2021, subject to customary closing conditions.

The offer is made in accordance with an effective registration statement on Form S-3 (File No. 333-237626), previously filed with the United States Securities and Exchange Commission (SEC) on April 10, 2020 and declared effective April 20, 2020 This bid will remove the remaining bid capacity under the registration statement. The securities may only be offered by means of a prospectus supplement and the accompanying prospectus which form part of the registration statement. A preliminary prospectus supplement relating to the Offer will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy such securities, and there will be no sale of such securities in any State or other jurisdiction in which such an offer, solicitation or sale would be illegal prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Super League Gaming
Super League Gaming (Nasdaq: SLGG) is a leading gaming community and content platform that gives everyday gamers multiple ways to connect and interact with others while enjoying video games. that they like. Powered by patented and proprietary technology systems, Super League offers players the ability to create gaming experiences they can share with friends, the ability to watch live broadcasts and game highlights on digital channels and social, and the opportunity to participate in events and challenges designed to celebrate victories and achievements across multiple skill levels. With gameplay and content offerings featuring more than a dozen of the world’s best video game titles, Super League is building a broadly inclusive global brand at the intersection of gaming, experiences and entertainment. Whether it’s to access its growing direct audience of young gamers and esports gamers, or to leverage the company’s remote video production division, Virtualis Studios, third parties ranging from consumer brands to publishers. companies, professional esports teams, traditional sports organizations, video content producers, and more look to Super League to deliver integrated solutions that drive business growth. For more: superleague.com.

Forward-looking statements
Some of the statements made in this press release are forward-looking, such as, among others, our expectations regarding the completion of the proposed offer. Actual results or developments may differ materially from those projected or implied in these forward-looking statements. Factors that could cause such a difference include, but are not limited to, risks and uncertainties relating to the ability or not to raise capital through the sale of ordinary shares, the final terms of the proposed offer, market conditions and others, the satisfaction of customary closing conditions associated with the proposed public offering and the impact of economic, sectoral or general political conditions in the United States or internationally. There can be no assurance that we will be able to complete the offered offer as expected, if at all. We will need to raise additional capital to fund our operations and may be unable to raise capital when needed, which would require us to delay, scale back or eliminate our current business initiatives. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Certain other risks are discussed in more detail in the section entitled “Risk Factors” in the Prospectus Supplement and the Prospectus relating to the Offering, our most recent Annual Report on Form 10-K, as well as discussion of risks. potentials, uncertainties and other material factors in our other SEC filings. Our SEC filings are available on the SEC’s website at www.sec.gov. Further, any forward-looking statement represents our views only as of the date of this press release and should not be construed as representing our views at any later date. We explicitly disclaim any obligation to update any forward-looking statements.

Investor Relations:
Sean McGowan and Cody Slach
Investor Relations Gateway
(949) 574-3860
[email protected]

Media contact:
Gillian sheldon
(213) 718-3880
[email protected]


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