Super League Gaming Shares Slide Premarket on Stock Offering Plans >SLGG

Dow Jones2023-08-21

By Colin Kellaher

Shares of Super League Gaming tumbled in premarket trading Monday after the games publisher said it was planning a public stock offering.

The Santa Monica, Calif., company announced plans for the offering late Friday but hasn't said how many shares it plans to sell.

Super League, which currently has about 50.2 million shares outstanding, said it plans to use proceeds from the offering for working capital and general corporate purposes.

Super League shares, which closed Friday at about 23.9 cents, were recently down 33% to 16 cents in premarket trading.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

August 21, 2023 07:41 ET (11:41 GMT)

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