Super League Enterprise, Inc.
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Market Data: Yahoo Finance, Bloomberg, SEC Filings
Report Link: Updated Research Report (Dated August 19, 2024)
Symbol: SLE
Analyst: Howard Halpern
Taglich Rating: Speculative Buy
Price Target: $3.50
Time Horizon: 12 Months
Rating Established: September 5, 2023
Price When Established: $2.40
Most Recent Report: August 19, 2024
Price When Issued: $1.12
What’s New
Super League Announces a Strategic Investment and Proposed Partnership
On October 1, 2024, Super League Enterprise, Inc. announced that Infinite Reality (iR)™ will acquire 9.9% of SLE’s outstanding shares via a share exchange, and Infinite Reality Chairman Clark Callander will join SLE’s Board. Additionally, SLE and Infinite Reality entered into exclusivity to complete a supplemental transaction whereby Infinite Reality will secure an additional 75% of SLE shares, along with a second seat on the board of directors.
While terms have yet to be negotiated, the second part of the strategic investment and partnership call for Infinite Reality to commit up to $20 million in cash, as well as access to a future $30 million credit facility. If completed, this follow-on investment will secure Infinite’s majority stake in SLE. The transaction will involve the transfer and integration of certain Infinite Reality’s properties and rights under one expanded SLE umbrella.
This deal calls for Super League to be granted a worldwide perpetual license to produce events and sell sponsorships for the Drone Racing League, a tech-driven global sports property with over 100 million young fans across 170 countries and assume ownership of the following assets, Thunder Studios, TalentX, and Fearless Media.
Overall terms of the initial strategic investment and acquisition of a majority stake in SLE were not disclosed.
Company Description
Super League Enterprise, Inc., (SLE) headquartered in Santa Monica, CA, is a strategically-integrated publisher and creator of games and experiences across immersive digital platforms. The company provides its customers with a complete range of development, distribution, monetization, and optimization capabilities that are designed to engage users through dynamic and energized programs. SLE utilizes its publishing engine technology for the immersive Web in order to help brands change their dot com experience.