Super League Regains Compliance with Nasdaq Listing Requirements
27 Septiembre 2023 - 7:00AM
Super League (Nasdaq: SLE) (“Super League” or the
“Company”), a global leader in providing immersive experiences
across the world's largest metaverse gaming platforms, today
announced that on September 25, 2023, the Company received a
written notice from The Nasdaq Stock Market (”Nasdaq”) informing
Super League that it has regained compliance with the minimum bid
price requirement under NASDAQ Listing Rule 5550(a)(2) (the “Rule”)
for continued listing on the Nasdaq Capital Market.
On October 4, 2022, Super League was notified by
Nasdaq that it was not in compliance with the minimum bid price
rule because its common stock failed to meet the closing bid price
of $1.00 or more for 30 consecutive business days. To regain
compliance with the Rule, the Company’s common shares were required
to maintain a minimum closing bid price of $1.00 or more for at
least 10 consecutive business days. This requirement was met on
September 22, 2023.
ABOUT SUPER LEAGUE
Super League (Nasdaq: SLE) is a leading
strategically-integrated publisher and creator of games and
experiences across the world’s largest immersive digital platforms.
From metaverse gaming powerhouses such as Roblox, Minecraft and
Fortnite, to the most popular Web3 environments such as Sandbox and
Decentraland, to bespoke worlds built using the most advanced 3D
creation tools, Super League’s innovative solutions provide
incomparable access to massive audiences who gather in immersive
digital spaces to socialize, play, explore, collaborate, shop,
learn and create. As a true end-to-end activation partner for
dozens of global brands, Super League offers a complete range of
development, distribution, monetization and optimization
capabilities designed to engage users through dynamic, energized
programs. As an originator of new experiences fueled by a network
of top developers, a comprehensive set of proprietary creator tools
and a future-forward team of creative professionals, Super League
accelerates IP and audience success within the fastest growing
sector of the media industry. For more, go to superleague.com.
FORWARD LOOKING STATEMENTS
Certain information contained in this press
release includes “forward-looking statements”, within the meaning
of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. We
may, in some cases use terms such as “predicts,” “believes,”
“potential,” “continue,” “anticipates,” “estimates,” “expects,”
“plans,” “intends,” “may,” “could,” “might,” “likely,” “will,”
“should” or other words that convey uncertainty of the future
events or outcomes to identify these forward-looking statements.
Our forward-looking statements are based on current beliefs and
expectations of our management team that involve risks, potential
changes in circumstances, assumptions, and uncertainties, including
our expectations regarding our ability to maintain compliance with
the Nasdaq continued listing requirements, and our financial
condition, growth and strategies. Any or all of the forward-looking
statements may turn out to be wrong or be affected by inaccurate
assumptions we might make or by known or unknown risks and
uncertainties. These forward-looking statements are subject to
risks and uncertainties including risks related to our ability to
regain compliance with Nasdaq’s listing requirements, the potential
de-listing of our shares on Nasdaq, our strategy, business plans
and focus, and the other risks set forth in our filings with the
U.S. Securities and Exchange Commission, including our Annual
Report on Form 10-K and our Quarterly Reports on Form 10-Q. For all
these reasons, actual results and developments could be materially
different from those expressed in or implied by our forward-looking
statements. You are cautioned not to place undue reliance on these
forward-looking statements, which are made only as of the date of
this press release. We undertake no obligation to publicly update
such forward-looking statements to reflect subsequent events or
circumstance.
Investor Relations
Contact:Shannon Devine/ Mark SchwalenbergMZ North
AmericaSLGG@mzgroup.us
CONTACTFor Super LeagueGillian
Sheldongillian.sheldon@superleague.com
Super League Enterprise (NASDAQ:SLE)
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