Super League to acquire multiple assets from Infinite Reality; Infinite Reality to own 84.9% of SLE after closing

Super League Enterprise, Inc.

Acquires license for Drone Racing League, esports assets, TalentX, Fearless Media, Thunder Studios, and up to $20M cash from Infinite Reality.
Consideration: preferred stock convertible into 75% of SLE common; plus 2,499,090 SLE shares issued at $1.30/share for 139,592 Infinite Reality shares.
Infinite Reality will beneficially own 84.9% of SLE common stock after closing.
SLE gets $30M credit facility from Infinite Reality, to be established in January 2025.
Clark Callander appointed to board upon consummation of share exchange; initial closing by Oct 25, final after Dec 2024 shareholder meeting.

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