NASDAQ-traded esports community and content platform Super League Gaming announced the sale of 3,076,924 shares of its common stock at a price of $2.60 USD per share and disclosed that the transaction is expected to close on or about Jan. 13. Gross proceeds from the sale, before expenses, are expected to be approximately $8M.
Super League Gaming intends to use the offering’s net proceeds for “working capital and general corporate purposes, including sales and marketing activities, product development, and capital expenditures.”
In August 2020, Super League Gaming raised roughly $8.4M in additional capital through an underwritten public offering of just more than 4.5M shares of its common stock at a price of $1.85 per share.
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