Super League to buy Misfits Ads Division for USD 1.5 million and 19.99% equity stake

Reuters

Mar 21

Super League to buy Misfits Ads Division for USD 1.5 million and 19.99% equity stake

Super League entered a definitive agreement to acquire the Misfits Ads Division from Misfits Gaming Group, with closing subject to certain conditions including Super League shareholder approval.
Consideration includes USD 1.5 million in cash and 19.99% of the aggregate of Super League common shares outstanding plus shares underlying certain pre-funded warrants from the October 2025 PIPE financing.
Misfits may receive additional cash and equity over the 24 months after closing if specified net revenue milestones are met.
Misfits will also receive a warrant to purchase Super League common stock with an exercise price of USD 18 per share.
Post-closing, a Misfits board member is expected to join Super League’s board, and Justin Stefanovic and members of his team are expected to join Super League.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Super League Enterprise Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001437749-26-009204), on March 20, 2026, and is solely responsible for the information contained therein.

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