Super League Enterprise, Inc. - SLGG STOCK NEWS

Super League Gaming (Nasdaq: SLGG) will present alongside Mobcrush at the 2021 Esports Newfront on April 22, showcasing opportunities for brands to engage with mainstream gamers. The companies highlight a combined player base of over three million monthly and a U.S. audience of 85 million. They emphasize their capabilities in in-game, in-stream, and in-event marketing, targeting a highly engaged esports audience. Super League continues to grow its community, providing brands with effective digital-to-physical activations.

Super League Gaming (Nasdaq: SLGG) announced new content distribution partnerships to enhance its audience reach after achieving over 2 billion views in 2020, a growth of more than 1,500%. The company is expanding into OTT with partnerships with Tempo Storm, Harena Data, Aggregated Media, and Mobcrush. These collaborations aim to leverage Super League's video programming for monetization opportunities across various platforms. Chief Commercial Officer Matt Edelman highlighted the dedication of their team and community in driving this growth.

Super League Gaming (Nasdaq: SLGG) has reported significant viewer engagement in its Super League Arena tournament series, achieving over 10 million total minutes watched, equating to more than 180,000 hours. The series featured popular games like Valorant, League of Legends, and Apex Legends, with players competing for $30,000 in prizes. Events utilized the company's innovative remote production technology, ensuring safety during broadcasts. These developments indicate a growing market interest in esports, as stated by the Chief Commercial Officer, Matt Edelman.

Super League Gaming (Nasdaq: SLGG) has launched a new in-game event called Minehut’s Spring Break, running from March 29 to April 12, 2021, designed for its Minecraft community of over three million users. Following previous successes with themed events, this Spring Break adventure includes three unique gameplay experiences, including a sandcastle maze and multiplayer battles. Matt Edelman, CCO of Super League, emphasized the importance of providing children with enjoyable and safe gaming experiences during challenging times. The event is expected to attract nearly 200,000 players daily.

Super League Gaming (Nasdaq: SLGG) announced its third Super League Arena event featuring 20 amateur and semi-pro Apex Legends teams competing for a total prize pool of $10,000. The event will be streamed live on SuperLeagueTV on Twitch. Players will participate in six matches, with the top four teams moving to a money round. Special guests from Complexity Gaming will cast the event and interview competitors.

Super League Gaming (Nasdaq: SLGG) announced the sale of 1,512,499 shares at $9.00 per share, raising approximately $13.6 million before expenses. CEO Ann Hand stated that these funds will strengthen the balance sheet and enable the pursuit of growth opportunities. The proceeds will be allocated for working capital, marketing, product development, and capital expenditures. The offering is expected to close on March 23, 2021, subject to customary conditions. This transaction will utilize the remaining capacity under an existing effective registration statement.

Super League Gaming (Nasdaq: SLGG) announced the continuation of its successful partnership with Topgolf Entertainment Group to broadcast the WGT Live Series through 2021. These competitive events are streamed live, enabling global engagement, with over 28 million players of the World Golf Tour (WGT) by Topgolf. The series has attracted viewership across 107 countries, demonstrating a strong digital presence and appeal to a younger audience. The collaboration aims to enhance content creation and engage fans in competitive golf.

Super League Gaming (SLGG) reported a record $779,000 in fourth quarter revenues for 2020, up 197% from 2019, and full-year revenues of $2.1 million, reflecting a 90% increase. The proposed acquisition of Mobcrush aims to enhance the company's technology and audience platform, bolstering revenue growth. Gross profit margins improved significantly, reaching 62% in Q4 and 59% for the year. However, the company reported a net loss of $18.7 million for 2020. Shareholder dilution is a concern due to recent share offerings totaling $20 million.

Super League Gaming (Nasdaq: SLGG) announced the acquisition of Mobcrush, a leading live streaming platform, enhancing its digital reach to over 85 million monthly U.S. users. This strategic all-stock transaction aims to create a scalable gaming-centric media platform, driving significant revenue growth through advertising solutions and direct gamer monetization. The combined company will leverage Mobcrush’s technology, increasing audience engagement via competitive events and live streaming channels. The deal is expected to close in Super League's second fiscal quarter of 2021, pending regulatory and shareholder approvals.