AcquisitionsMay 6, 2026, 09:06 AM
Super League Completes Misfits Ads Division Acquisition for $1.5M Cash + Equity
AI Summary
Super League Enterprise, Inc. announced the closing of its acquisition of the Misfits Ads Division from Misfits Gaming Group on May 1, 2026. The transaction involved an initial payment of $1.5 million in cash, 26,768 common shares, and warrants for over 1 million shares, with additional delayed cash and earnout considerations. This acquisition is expected to add profitable revenue, enhance programmatic capabilities, and expand brand relationships, positioning Super League for cash-based EBITDA profitability by year-end. Concurrently, Robert Kalutkiewicz joined the Board of Directors, Mark Jung stepped down, and Justin Stefanovic was appointed Senior Vice President of Business Development and Platform Strategy.
Key Highlights
- Super League completed the acquisition of Misfits Ads Division on May 1, 2026.
- Initial consideration included $1.5 million cash, 26,768 common shares, a pre-funded warrant for 509,682 shares, and a warrant for 536,450 shares.
- A delayed cash payment of $300,000 is due on the one-year anniversary of closing.
- Potential earnout consideration includes up to $1.2 million cash and 105,571 shares/pre-funded warrants based on gross profit and market capitalization milestones.
- The acquisition adds profitable revenue, proprietary technology, and expanded brand relationships, accelerating the path to cash-based EBITDA profitability by year-end.
- Robert Kalutkiewicz joined the Board of Directors, and Mark Jung stepped down.
- Justin Stefanovic joined as Senior Vice President of Business Development and Platform Strategy, receiving an inducement grant of 12,000 restricted common shares.
- An Exclusive Brand Partnership Agreement grants Super League preferred rights for selling brand partnerships within Misfits Roblox games.