Super League Enterprise, Inc.

Super League Enterprise, Inc. has entered into a Redemption Agreement to redeem all outstanding shares of its Series C Senior Convertible Preferred Stock for a one-time cash payment of $922,400. This agreement also terminates the associated Equity Purchase Agreement and releases both parties from any claims. The company has paid the redemption amount and subsequently filed to cancel the certificates of designation for both Series C and Series AAA-2 Preferred Stock. The termination of the Equity Line of Credit arrangement with Yield Point NY, LLC was also completed.

Super League announced a U.S. advertising sales partnership with Play.Works, the largest Connected TV (CTV) games and gaming video content distributor. This collaboration will provide brands with premium access to immersive, playable ad and rewarded video inventory across a network reaching over 100 million households. The partnership expands Super League's strategic position in monetizing gaming audiences, leveraging Play.Works' platform which delivers over 150 million monthly ad impressions and averages 19 minutes of session time per user. This move positions Super League to capitalize on the growing CTV ad market, projected to reach $51 billion in the U.S. by 2029.

Super League announced the launch of "Job City by Indeed," an immersive new experience on Roblox, developed in partnership with Indeed. This game is designed to help players explore and build essential workplace skills like organization and prioritization through interactive, game-based assessments in simulated real-world environments. The launch expands Super League's educational portfolio and further establishes its place in gamified education, with additional updates planned through 2026.

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.

Super League reported strong first-quarter 2026 financial results, with gross revenue increasing to $3.0 million from $2.7 million in the prior-year quarter and gross margin improving to 36%. The company also achieved an 11% year-over-year improvement in cash-based EBITDA and maintained a strong cash position of $11.4 million. Following the recent acquisition of the Misfits Ads Business, Super League is focused on translating its strategic work into predictable financial performance and expects to reach EBITDA profitability by fiscal year-end.

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.

Super League Enterprise, Inc. announced that it will release its first quarter 2026 financial results before market open on Friday, May 15, 2026. The company will host a webinar on the same day at 8:30 am Eastern Time to discuss these results. Investors can access the webinar via dial-in numbers or a registration link, with a replay available within 24 hours on the investor relations website.

Super League Enterprise, Inc. filed an amendment to its 10-K, restating Part III (Directors, Executive Officers and Corporate Governance, Executive Compensation, etc.) and Part IV (Exhibits). The amendment includes new certifications from the principal executive and financial officers. The filing details the company's board structure, committee memberships, and executive compensation for 2025 and 2024, with CEO Matt Edelman's 2025 total compensation at $2,278,000.

Super League Enterprise, Inc. announced its nomination for Best Brand or Commerce Integration at the 30th Annual Webby Awards for its ‘HI-CHEW x Fortnite: Immerse Yourself in Flavor’ campaign. This campaign, developed with Carmichael Lynch, successfully transformed the HI-CHEW brand into a playable universe within Fortnite Creative, driving significant player engagement. The initiative delivered exceptional performance metrics, validating Super League's strategy for creating lasting, engaging brand experiences.