Super League Closes $2.2 Million Underwritten Public Offering

SANTA MONICA, Calif., Aug. 23, 2023 (GLOBE NEWSWIRE) -- Super League Gaming, Inc. (Nasdaq: SLGG) (“Super League” or the “Company”), a leading publisher and creator of immersive experiences across the world’s largest metaverse gaming platforms, announced today the closing of an underwritten public offering with gross proceeds to the Company of approximately $2.2 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The base offering consisted of 16,923,077 shares of common stock (or pre-funded warrants in lieu of common stock) at a price to the public of $0.13 per share (less $0.001 in exercise price per pre-funded warrant). The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

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