---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-009204"
form_type: "8-K"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2026-03-20T23:59:59+00:00"
generated_at: "2026-05-15T09:29:30.631356+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Super League to acquire Misfits Ads Division for $1.5M cash, ~20% equity stake, and earnout

## Summary
- Consideration: $1.5M cash, 71,490 shares, pre-funded warrant for 456,631 shares, warrant for 528,121 shares at $18, plus $300K cash at 1 year.
- Earnout up to $1.2M cash and 105,571 shares based on gross profit milestones and market cap over 24 months.
- Misfits Ads Division executed 150+ brand partnerships across Roblox, Minecraft, and leading gaming creators.
- Closing requires shareholder approval; Misfits will appoint a designee to Super League's board.
- Super League expects deal to expand programmatic revenue, rewarded video tech, and accelerate path to positive Adj. EBITDA.

## SEC filing metadata
- accession: 0001437749-26-009204
- form_type: 8-K
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2026-03-20T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000143774926009204/0001437749-26-009204-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774926009204/slgg20260317_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-009204
- JSON: https://secwatch.observer/filing/0001437749-26-009204.json
- Plain text: https://secwatch.observer/filing/0001437749-26-009204.txt

## Source-grounded claims
- claim_id: 3e40f1ee0895b6a05aab10f493a7bee7901f7677
  claim: Super League Enterprise, Inc. entered into Asset Purchase Agreement with Esports Now, LLC valued at Cash payment of $1.5 million at closing, plus 71,490 shares of common stock, a pre-funded warrant fo (effective 2026-03-16).
  evidence_excerpt: On March 16, 2026, Super League Enterprise, Inc. (the “ Company ”), entered into an Asset Purchase Agreement (the “ Purchase Agreement ”) with Esports Now, LLC (“ Misfits ”), pursuant to which Misfits has agreed to sell certain assets strictly constituting the Misfits Ads Business (the “ Purchased Assets ”) to the Company, and the Company has agreed to assume certain liabilities related to the Purchased Assets (the “ Transaction ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774926009204/0001437749-26-009204-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.