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Super League Gaming Raises $8.4m In Public Offering

PUBLIC OFFERING | ANNOUNCEMENT DATE: 27 AUG 2020
WRITTEN BY | 28 Aug 2020
Super League Gaming Raises $8.4m In Public Offering
PUBLIC OFFERING

💵 Public Offering

  • Santa Monica-based esports platform Super League Gaming (NASDAQ:SLGG) expects to gather $8.4m from its underwritten Public Offering of 4.54m common stock shares at a price of $1.85 each

    • The company plans to spend raised money for marketing, product development and CAPEX

    • The offering is expected to close on August 31, 2020

  • Super League has also offered its underwriter, National Securities Corporation, a 30-day option to purchase up to 681k additional shares of common stock for $1.85 per share to cover over-allotments

  • Over the first half of 2020, Super League had $0.6m revenue and $9.7m of net loss. The company has $6.2m cash and $1.2m long-term notes payable as of June 30,2020

🎲 Products

  • Super League Gaming is an esports platform, that allows gamers, to play with their friends, watch live broadcasts and esports highlights, as well as to compete in various events and tournaments, regardless of their skills and experience

  • The company’s business model is presented by the monetization of

    • audience — advertising, brand sponsorships and 3rd party content licensing

    • consumers — selling digital in-game goods, tournament fees and subscriptions

    • content & broadcast — work for hire production for esports, end-to-end broadcast via licensable platform

  • Currently, there are 24 gaming clubs, with players across Canada, Mexico and the United States, registered on the platform spread

  • Since the first half of the year, Super League has demonstrated:

    • 5 million hours of engagement per month (+300% vs 2019)

    • 1 billion views (+700% vs 2019)

    • 2 million registered users (+100% vs 2019)

  • The platform has partnerships with many entertainment industry giants, such as Sony Pictures, Netflix, Twitch, Youtube, Instagram, Nickelodeon, as well as games like PUBG, Fortnite, Minecraft, League of Legends, Clash Royale and more

Image sours: Super League Gaming IR presentation

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Super League Gaming
  • Established in 2014

  • Headquarters –  Santa Monica, California, United States

  • Founded by – David Steigelfest

  • Gaming community platform

  • 2020 Investor presentation