AcquisitionsMay 15, 2026, 05:08 PM
Super League Acquires Misfits Ads Business; Q1 Net Loss $(4.05)M
AI Summary
Super League Enterprise, Inc. completed the acquisition of Misfits Ads Business on May 1, 2026, for $1.5 million cash, 26,768 common shares, and warrants for over 1 million shares, with potential earnouts. For Q1 2026, the company reported a net loss of $(4.05) million on revenue of $3.00 million, compared to a net loss of $(4.23) million on revenue of $2.72 million in Q1 2025. Basic and diluted net loss per share significantly improved to $(1.77) from $(119.79) year-over-year. Cash and cash equivalents significantly decreased to $4.23 million from $14.39 million at year-end 2025, primarily due to investing activities.
Key Highlights
- Acquired Misfits Ads Business for $1.5M cash, 26,768 shares, and warrants for 1.04M shares.
- Potential earnout of up to $1.2M cash and 105,571 shares based on milestones.
- Q1 2026 revenue increased to $3.00 million from $2.72 million in Q1 2025.
- Q1 2026 net loss was $(4.05) million, an improvement from $(4.23) million in Q1 2025.
- Basic and diluted net loss per share improved to $(1.77) from $(119.79) YoY.
- Cash and cash equivalents decreased to $4.23 million from $14.39 million since Dec 31, 2025.
- Company completed a 1-for-12 reverse stock split on January 23, 2026.
Price Impact
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