Super League Gaming Announces Name Change to Super League Enterprise and 1-for-20 Reverse Stock Split
SANTA MONICA, Calif., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Super League Gaming, Inc. (the “Company”) (Nasdaq: SLGG), a global leader in providing immersive experiences across the world's largest metaverse gaming platforms, today announced at its annual general meeting, shareholders approved a name change (“Name Change”) to Super League Enterprise, Inc. and a reverse stock split of its issued and outstanding shares of common stock, par value $0.001 per share ("Common Stock"), at a ratio of 1-for-20 (the “Reverse Split”).
- SANTA MONICA, Calif., Sept. 08, 2023 (GLOBE NEWSWIRE) -- Super League Gaming, Inc. (the “Company”) (Nasdaq: SLGG), a global leader in providing immersive experiences across the world's largest metaverse gaming platforms, today announced at its annual general meeting, shareholders approved a name change (“Name Change”) to Super League Enterprise, Inc. and a reverse stock split of its issued and outstanding shares of common stock, par value $0.001 per share ("Common Stock"), at a ratio of 1-for-20 (the “Reverse Split”).
- Any outstanding physical stock certificate that represents a stockholder’s shares of Common Stock or Preferred Stock (“Preferred Stock”) will continue to represent such stockholder’s ownership of such shares.
- Once effective, the Reverse Split will reduce the number of shares of Common Stock outstanding from approximately 71.9 million shares to approximately 3.59 million.
- The rights and privileges of the holders of shares of Common Stock will be substantially unaffected by the Reverse Split.