Super League Gaming prices 16.9M shares at 13c in underwritten public offering

Super League Gaming announced the pricing of an underwritten public offering with gross proceeds to the Company expected to be approximately $2.2 million, before deducting underwriting discounts and other estimated expenses payable by the Company. The base offering consists of 16,923,077 shares of common stock at a price to the public of $0.13 per share. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes. In addition, the Company has granted Aegis Capital Corp. a 45-day option to purchase common shares and pre-funded warrants of up to 15% of the number of common shares and pre-funded warrants sold in the offering solely to cover over-allotments, if any. If this option is exercised in full, the total gross proceeds of the offering including over-allotments are expected to be approximately $2.5 million before deducting underwriting discounts, commissions and offering expenses. The offering is expected to close on August 23, 2023, subject to the satisfaction of customary closing conditions. Aegis Capital Corp. is acting as the sole book-running manager for the offering.