Super League Completes Initial Stage of Equity Exchange Transfer with Infinite Reality
Super League Enterprise (Nasdaq: SLE) announced two significant developments in its equity exchange transfer with Infinite Reality (iR): First, Clark Callander has been appointed to SLE's Board of Directors effective October 29th, 2024. Second, iR has acquired 1,215,279 shares of Super League common stock, with ownership expected to reach 9.9% following SLE's annual general meeting. This follows iR's recent $1 million registered direct investment in SLE. Callander brings extensive experience as Co-Founder and Managing Partner of Albany Road Real Estate Partners and former leadership roles at GCA Advisors and Robertson Stephens.
Super League Enterprise (Nasdaq: SLE) ha annunciato due sviluppi significativi nel suo trasferimento di scambio azionario con Infinite Reality (iR): In primo luogo, Clark Callander è stato nominato membro del Consiglio di Amministrazione di SLE con effetto dal 29 ottobre 2024. In secondo luogo, iR ha acquisito 1.215.279 azioni ordinarie di Super League, con una partecipazione che dovrebbe arrivare al 9,9% dopo l'assemblea generale annuale di SLE. Ciò segue l'investimento diretto registrato di 1 milione di dollari di iR in SLE. Callander porta con sé un'ampia esperienza come Co-Fondatore e Partner Gestore di Albany Road Real Estate Partners e ha ricoperto ruoli di leadership presso GCA Advisors e Robertson Stephens.
Super League Enterprise (Nasdaq: SLE) ha anunciado dos desarrollos significativos en su transferencia de intercambio de acciones con Infinite Reality (iR): Primero, Clark Callander ha sido nombrado miembro de la Junta Directiva de SLE a partir del 29 de octubre de 2024. Segundo, iR ha adquirido 1.215.279 acciones ordinarias de Super League, con una propiedad que se espera que alcance el 9.9% después de la reunión general anual de SLE. Esto sigue a la reciente inversión directa registrada de 1 millón de dólares de iR en SLE. Callander aporta una amplia experiencia como Co-Fundador y Socio Administrador de Albany Road Real Estate Partners y ha ocupado roles de liderazgo en GCA Advisors y Robertson Stephens.
슈퍼 리그 엔터프라이즈 (Nasdaq: SLE)가 인피니트 리얼리티 (iR)와의 주식 교환 이관에서 두 가지 중요한 발전을 발표했습니다: 첫째, 클락 캘린더가 2024년 10월 29일부터 SLE의 이사회에 임명되었습니다. 둘째, iR은 슈퍼 리그 보통주 1,215,279주를 인수했으며, SLE의 연례 주주총회 이후 소유권이 9.9%에 이를 것으로 예상됩니다. 이는 iR의 최근 SLE에 대한 100만 달러 등록 직접 투자에 이어지는 것입니다. 캘린더는 앨버니 로드 부동산 파트너스의 공동 설립자이자 관리 파트너로서의 폭넓은 경험과 GCA 어드바이저스 및 로버트슨 스티븐스에서의 과거 리더십 역할을 가지고 있습니다.
Super League Enterprise (Nasdaq: SLE) a annoncé deux développements significatifs dans son transfert d'échange d'actions avec Infinite Reality (iR) : Premièrement, Clark Callander a été nommé au Conseil d'Administration de SLE à compter du 29 octobre 2024. Deuxièmement, iR a acquis 1.215.279 actions ordinaires de Super League, avec une participation qui devrait atteindre 9,9 % après l'assemblée générale annuelle de SLE. Cela fait suite à l'investissement direct enregistré récent d'iR de 1 million de dollars dans SLE. Callander apporte une vaste expérience en tant que co-fondateur et associé gérant d'Albany Road Real Estate Partners et a occupé d'anciens postes de direction chez GCA Advisors et Robertson Stephens.
Super League Enterprise (Nasdaq: SLE) hat zwei bedeutende Entwicklungen im Rahmen ihres Aktienaustauschtransfers mit Infinite Reality (iR) bekannt gegeben: Erstens wurde Clark Callander mit Wirkung zum 29. Oktober 2024 in den Vorstand von SLE berufen. Zweitens hat iR 1.215.279 Stammaktien von Super League erworben, wobei erwartet wird, dass der Besitz nach der jährlichen Hauptversammlung von SLE 9,9% erreichen wird. Dies folgt auf die kürzliche direkte, registrierte Investition von 1 Million Dollar von iR in SLE. Callander bringt umfangreiche Erfahrung als Mitbegründer und verwaltender Partner von Albany Road Real Estate Partners sowie frühere Führungspositionen bei GCA Advisors und Robertson Stephens mit.
- Secured $1 million direct investment from Infinite Reality
- Strategic acquisition of 1,215,279 shares by iR, expanding to 9.9% ownership
- Addition of experienced board member with extensive public company leadership background
- None.
Insights
The initial phase of Super League's equity exchange with Infinite Reality marks a significant strategic development. iR's acquisition of 1,215,279 shares, set to reach
The appointment of Clark Callander brings valuable fintech and investment banking expertise from his roles at GCA Advisors and Robertson Stephens. His experience in both public markets and private capital could prove instrumental in navigating future capital raising and strategic initiatives. The gradual integration approach suggests a well-planned merger strategy, though investors should monitor execution risks and potential dilution impacts.
This strategic merger positions Super League to capitalize on emerging digital engagement technologies. The integration with iR's AI, spatial computing and XR capabilities could significantly enhance Super League's gaming media platform. The combined entity would be better equipped to monetize digital engagement across multiple platforms, particularly targeting the valuable digital native demographic.
The transaction structure indicates a thoughtful approach to technological integration, allowing time for proper systems alignment and market positioning. This could lead to enhanced competitive advantages in the rapidly evolving digital media and gaming sectors, though successful integration of complex tech stacks remains a key challenge to monitor.
~ Appoints Clark Callander to SLE’s Board of Directors ~
~ Significant Steps Taken Towards Transformative Transaction ~
SANTA MONICA, Calif., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Super League Enterprise, Inc. (Nasdaq: SLE), a global leader in redefining the gaming industry as a media channel, announced today that Clark Callander has been formally appointed to the Super League Board of Directors, effective October 29th, 2024. Additionally, as an initial step in the previously announced equity exchange transfer, Infinite Reality (iR) has acquired 1,215,279 shares of Super League common stock. The exchange transfer will be finalized following the SLE annual general meeting with iR’s ownership totaling
Both of these actions indicate continued progress in the previously announced transaction with , an innovation company powering the next generation of digital media and e-commerce through artificial intelligence (AI), spatial computing, extended reality (XR), and other immersive technologies.
The addition of Clark Callandar adds extensive public board and leadership experience to Super League’s already seasoned board. Mr. Callander is currently the Co-Founder and Managing Partner of Albany Road Real Estate Partners, LLC, having served in that capacity since 2012. From 2003 to 2020, he was a Co-Founder and a member of the leadership of GCA Advisors LLC (TSE: 2174). Prior to his roles at GCA and Albany Road, Clark was a management team member at Robertson Stephens & Company from 1993 to 2002. While at Robertson Stephens, he started the Private Capital Group, headed European Investment Banking, and was co-head of Global Corporate Finance. He currently serves (or has served) as a Director of Infinite Reality, Sugar Bowl Ski Resort & Development Corp., and ChaSerg Technology Acquisition Corp. (NASD: CTAC). Mr. Callander earned a Bachelor of Sciences from Stanford University, and an M.B.A. from the Joseph Wharton School.
Ann Hand, Chair and CEO of Super League, commented, “Following the recently announced
“I couldn’t be more excited to join the Super League Board of Directors and work together with Ann to bring our two companies into alignment and capitalize on the lucrative opportunity in digital engagement,” stated Clark Callander, Infinite Reality Board Chair. “By adding Super League to iR’s family of brands, we advance our ability to scale access across millions of global fans on a monthly basis and further enable us to innovate on the future of digital engagement,”
About Super League
Super League (Nasdaq: SLE) is redefining the gaming industry as a media channel for global brands. As a leading end-to-end immersive content partner, Super League enables marketers, advertisers, and IP owners to reach massive audiences through creativity, innovation, and gameplay within the world’s largest immersive platforms. Boasting an award-winning development studio, a vast community of native creators, and a proprietary suite of tools that maximize user engagement, Super League is a one-of-a-kind holistic solutions provider. Whether a partner is focused on building a world-class creative experience, achieving a lift in brand awareness, inspiring deeper customer loyalty, or finding new sources of revenue, Super League is at the forefront – always pioneering within immersive worlds. For more information, visit superleague.com.
About Infinite Reality
Infinite Reality (iR)™ is an innovation company powering the next generation of digital media, commerce, and community through AI, spatial computing, and other immersive technologies. iR’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics. The company is backed by an impressive roster of investors including RSE Ventures, Liberty Media, Lux Capital, Lerer Hippeau, MGM, CAA, T-Mobile Ventures, Courtside VC, Exor, Terracap, IAC, Live Nation, as well as notable individuals such as Steve Aoki, Imagine Dragons, and NBA player Rudy Gobert. For more information, visit theinfinitereality.com.
Contact:
Infinite Reality
press@theinfinitereality.com
Super League
press@superleague.com
Investor Relations Contact:
Shannon Devine/ Mark Schwalenberg
MZ North America
Main: 203-741-8811
SLE@mzgroup.us
Forward Looking Statements
Statements in this press release that are not strictly historical are “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements involve substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about Super League’s growth strategies, the ability to actualize the benefits of the transaction with Infinite Reality, our possible or assumed business strategies, new products, potential market opportunities and our ability to secure adequate working capital. Risks and uncertainties include, among other things, our ability to implement our plans, forecasts and other expectations with respect to our business; our ability to realize the anticipated benefits of the transaction with Infinite Reality, including the possibility that the expected benefits, particularly from both acquisitions made and contracts entered into with Infinite Reality, will not be realized or will not be realized within the expected time period; the ability to obtain the approval of both the preferred stockholders and the common stockholders to approve the transactions with Infinite Reality; unknown liabilities that may or may not be within our control; attracting new customers and maintaining and expanding our existing customer base; our ability to scale and update our platform to respond to customers’ needs and rapid technological change; increased competition in our market and our ability to compete effectively; and expansion of our operations and increased adoption of our platform internationally. Additional risks and uncertainties that could affect our financial condition and operating results will be included in the section titled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the year ended December 31, 2023 and other filings that we make from time to time with the Securities and Exchange Commission (the “SEC”) which, once filed, are available on the SEC’s website at www.sec.gov. In addition, any forward-looking statements contained in this communication are based on assumptions that we believe to be reasonable as of this date. Except as required by law, we assume no obligation to update these forward-looking statements, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements.
FAQ
What percentage of Super League (SLE) will Infinite Reality own after the equity exchange?
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When was Clark Callander appointed to Super League's (SLE) Board of Directors?