Super League Gaming raises ~$3.03M via Series A-2/A-3 Convertible Preferred Stock

On November 28, 2022, the Company filed the Series A-2 Certificate of Designation, designating 1,297 shares of Series A-2 Preferred in connection with the Offering.

On November 30, 2022, the Company filed the Series A-3 Certificate of Designation, designating 1,733 shares of Series A-3 Preferred in connection with the Offering.

On November 28, 2022, and November 30, 2022, Super League Gaming, Inc. (the “ Company ”) entered into subscription agreements (each, a “ Subscription Agreement ” and collectively, the “ Subscription Agreements ”) with accredited investors with respect to the sale of an aggregate of 1,297 shares of newly designated Series A-2 Convertible Preferred Stock, par value $0.001 per share (the “ Series A-2 Preferred ”), and 1,733 newly designated Series A-3 Convertible Preferred Stock, par value $0.001 per share (the “ Series A-3 Preferred ”, and collectively with the Series A-2 Preferred, the “ Series A Preferred ”), respectively, each at a purchase price of $1,000 per share, for aggregate gross proceeds to the Company of approximately $3,030,000

The Company sold the shares of Series A Preferred pursuant to a Placement Agency Agreement (the “ Placement Agency Agreement ”) with a registered broker dealer, which acted as the Company’s exclusive placement agent (the “ Placement Agent ”) for the Offering.

The Company and the investors in the Offering also executed a registration rights agreement (the “ Registration Rights Agreement ”), pursuant to which the Company agreed to file a registration statement covering the resale of the shares of Common Stock issuable upon conversion of the Series A Preferred within sixty days following the final closing of the Offering and to use its best efforts to cause such registration statement to become effective within 90 days of the filing date.