Super League Enterprise Enters ATM Sales Agreement for $2.229M

What Happened

• On August 18, 2026, Super League Enterprise, Inc. (SLE) announced it entered into a Sales Agreement with The Benchmark Company, LLC and StoneX Financial Inc. to sell shares of its common stock in an "at-the-market" (ATM) offering program. The agreement allows SLE to sell up to $2,229,000 of common stock from time to time. Sales will be made pursuant to the company’s shelf registration statement on Form S-3 (File No. 333-283812), and a prospectus supplement was filed the same day.

Key Details

• Agreement date: August 18, 2026.
• Aggregate offering amount: up to $2,229,000 of common stock.
• Agents: The Benchmark Company, LLC and StoneX Financial Inc.; selling commission is 1.0% of gross proceeds.
• The company is not obligated to sell any shares and may suspend or terminate the program; offering ends when $2,229,000 is sold or the agreement is terminated.

Why It Matters

• The ATM program gives SLE flexible access to capital: the company can raise funds quickly over time without a single large secondary offering.
• If SLE sells shares under the program, existing shareholders could see dilution proportional to the amount sold; the actual impact depends on the share price and timing of sales.
• Costs to the company are modest (1.0% commission plus certain expense reimbursements and customary indemnities), and the offering is subject to the existing shelf registration, which simplifies execution.