Super League sells Minehut to GamerSafer for $1M in revenue/royalty sharing over 2 years

Super League Enterprise, Inc.

Super League sold Minehut business unit to GamerSafer for $1,000,000 consideration in revenue/royalty sharing over two years.
Minehut is a Minecraft server platform; buyer GamerSafer is a security and gamer experience startup.
CEO Ann Hand says sale streamlines Super League's focus on 3D brand experiences and cost improvement.
Commercial relationship maintained; Minehut remains available to Super League's partners after sale.
Transaction approved by both boards and completed as of February 29, 2024.

item 1.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Super League Enterprise, Inc. entered into Agreement with GameSafer, Inc. valued at $1,000,000 (effective 2024-02-26).

Action: entry
Agreement: asset purchase
Counterparty: GameSafer, Inc.
Value: $1,000,000
Effective: 2024-02-26

Exact text from the filing

Pursuant to the Asset Purchase Agreement entered into by and between GameSafer and the Company on February 26, 2024 (the “ Agreement ”), the Company will receive $1,000,000 purchase consideration for Minehut, which amount will be paid by GameSafer in revenue and royalty sharing over a period of two years, as described in the Agreement.

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Super League Enterprise, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-006324

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