Super League secures $2.3M through first ATM offering

cryptonews08-25 05:49

Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. ...

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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSuper League secures $2.3M through first ATM offering\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-25 05:49 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://crypto.news/super-league-secures-2-3m-through-first-atm-offering/><strong>cryptonews</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. ...</p>\n\n<a href=\"https://crypto.news/super-league-secures-2-3m-through-first-atm-offering/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DFII","symbol_name":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","start_time":0,"source_url":"https://crypto.news/super-league-secures-2-3m-through-first-atm-offering/","article_id":"2662209123","we_media_id":null,"thumbnails":[],"rights":{"source":"crypto_news_highlight","url":"https://crypto.news/super-league-secures-2-3m-through-first-atm-offering/","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2662209123","pubTimestamp":1787608162,"columns":[],"sourceInfo":{"source_id":"crypto_news_highlight","name":"Crypto News"},"weMediaInfo":null,"summary":"Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. Bitcoin treasury platform.Super League sold 475,598 shares for approximately $2.23 million in gross proceeds.The company has opened another $2.27 million of capacity under the ATM program.Super League is expected to become Superplanet after the transaction closes.According to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares for gross proceeds of approximately $2.23 million under an agreement signed three days earlier.With the first allocation completed, Super League amended the offering to make up to another $2.27 million of common stock available for sale. The added amount is new capacity rather than completed financing, leaving the company able to raise approximately $4.5 million in total if it sells the full s","collect":0,"end_time":0,"defaultTopTitle":"crypto.news","property":[],"viewcount":null,"language":"en","relate_stocks":{"DFII":"FT Cboe Vest Bitcoin Strategy & Target Income ETF","BITI":"1倍做空比特币期货ETF-Proshares","CBXY":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - July","BITO":"比特币期货ETF-ProShares","CBOA":"Calamos Bitcoin Structured Alt Protection ETF - April","CBOJ":"Calamos Bitcoin Structured Alt Protection ETF - January","BPI":"Grayscale Bitcoin Premium Income ETF","CBTA":"Calamos Bitcoin 80 Series Structured Alt Protection ETF – April","BITU":"2倍做多比特币期货ETF-Proshares","ARKB":"比特币ETF-21Shares","BTCO":"比特币ETF-Invesco Galaxy","BFAP":"FT Vest Bitcoin Strategy Floor15 ETF - April","CBOO":"Calamos Bitcoin Structured Alt Protection ETF - October","XBTY":"GraniteShares YieldBOOST Bitcoin ETF","CBTO":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - October","HODL":"比特币ETF-VanEck","GBTC":"比特币ETF-Grayscale","CBTY":"Calamos Bitcoin 80 Series Structured Alt Protection ETF - July","BTCC":"Grayscale Bitcoin Covered Call ETF","BTCW":"比特币ETF-Wisdom Tree","BITY":"Amplify Bitcoin 2% Monthly Option Income ETF","BCCC":"Global X Bitcoin Covered Call ETF","BAGY":"Amplify Bitcoin Max Income Covered Call ETF","CBXA":"Calamos Bitcoin 90 Series Structured Alt Protection ETF – April","SLE":"Super League Gaming Inc.","SBIT":"2倍做空比特币期货ETF-Proshares","CBOY":"Calamos Bitcoin Structured Alt Protection ETF - July","CBXJ":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - January","FBTC":"比特币ETF-Fidelity","BITB":"比特币ETF-Bitwise","DEFI":"比特币期货ETF-Hashdex","QBF":"Innovator Uncapped Bitcoin 20 Floor ETF - Quarterly","BTC":"Grayscale Bitcoin Mini Trust","EZBC":"比特币ETF-Franklin","BFJL":"FT Vest Bitcoin Strategy Floor15 ETF - July","CBXO":"Calamos Bitcoin 90 Series Structured Alt Protection ETF - October","BK4077":"互动媒体与服务"},"translate_title":"超级联赛通过首次 ATM 发行获得 230 万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CBXO":0.6,"FBTC":0.6,"BITU":0.6,"BTCW":0.6,"CBXJ":0.6,"BCCC":0.6,"BAGY":0.6,"CBTO":0.6,"CBXA":0.6,"ARKB":0.6,"DFII":0.6,"BITB":0.6,"BITI":0.6,"BTCO":0.6,"CBOO":0.6,"CBTY":0.6,"XBTY":0.6,"BFAP":0.6,"CBOJ":0.6,"BITO":0.6,"QBF":0.6,"HODL":0.6,"BTC":1.91,"CBXY":0.6,"DEFI":0.6,"SLE":1.98,"BTCC":0.6,"CBTA":0.6,"CBOY":0.6,"BITY":0.6,"BFJL":0.6,"CBOA":0.6,"SBIT":0.6,"GBTC":0.6,"BPI":0.6,"EZBC":0.6},"content_text":"Super League Enterprise has raised approximately $2.23 million through its first at-the-market stock offering since announcing a deal that would turn the Nasdaq-listed company into Metaplanet’s U.S. Bitcoin treasury platform.\n\n\nSummary\n\n\n\nSuper League sold 475,598 shares for approximately $2.23 million in gross proceeds.\nThe company has opened another $2.27 million of capacity under the ATM program.\nMetaplanet plans to contribute 2,100 BTC and $2.5 million to the company.\nSuper League is expected to become Superplanet after the transaction closes.\n\n\n\nAccording to an Aug. 21 prospectus amendment filed with the U.S. Securities and Exchange Commission, Super League sold 475,598 common shares for gross proceeds of approximately $2.23 million under an agreement signed three days earlier.\nThe filing did not disclose the average selling price for the shares or the net proceeds after commissions and other offering costs. Dividing the reported gross proceeds by the number of shares sold gives an average of roughly $4.69 per share, although the individual sales may have occurred at different prices.\nWith the first allocation completed, Super League amended the offering to make up to another $2.27 million of common stock available for sale. The added amount is new capacity rather than completed financing, leaving the company able to raise approximately $4.5 million in total if it sells the full second allocation.\nSuper League has expanded its ATM after selling 475,598 shares\nUnder the original Aug. 18 sales agreement, The Benchmark Company and StoneX Financial act as agents for the ATM program. Super League authorized sales of up to $2.229 million at prevailing market prices through methods permitted under Rule 415 of the Securities Act.\nRather than selling a fixed block to one investor at a negotiated price, the arrangement lets the agents place shares into the market over time. Super League can issue placement notices that set the number of shares, selling period, and any price limits applied to an order.\nFor each completed sale, Benchmark and StoneX receive a commission equal to 1% of the gross proceeds. Super League also agreed to reimburse specified expenses and provide the agents with standard indemnification rights under the contract.\nThe initial program could end after all $2.229 million of shares were sold or after either Super League or Benchmark terminated the agreement under its terms. Having sold approximately $2.228999 million, the company filed an amendment that authorizes up to $2.27 million of additional common stock.\nSuper League based the added capacity on a public float of approximately $13.5 million. Its calculation used 2,454,537 shares held by non-affiliates and a price of $5.50, the highest closing price for SLE during the preceding 60 days as of Aug. 18.\nBecause its public float was below $75 million, the company said General Instruction I.B.6 of Form S-3 limited public primary offerings to no more than one-third of its public float during any 12-month period. SLE closed at $4.03 on Aug. 21, according to the prospectus amendment.\nMetaplanet’s Superplanet transaction remains subject to closing\nSuper League started the ATM program on the same day it announced a proposed investment from Metaplanet. As crypto.news previously reported, the Japanese treasury company has agreed to contribute 2,100 BTC and $2.5 million in cash for a controlling interest in Super League.\nValued at approximately $134.6 million when the agreement was signed, the investment will give Metaplanet 44,859,400 newly issued common shares priced at $3 apiece, 100 shares of convertible perpetual preferred stock, and warrants covering up to 381 million additional common shares.\nThe Bitcoin portion was valued at roughly $132.1 million using BTC’s closing price on Coinbase at 4 p.m. New York time on Aug. 14. While Bitcoin’s price may change before closing, the companies fixed the number of Super League shares that Metaplanet will receive.\nAfter the transaction closes, Super League will take the name Superplanet and is expected to trade on Nasdaq under the ticker SUPA. Metaplanet would own approximately 95.7% of its outstanding common stock, or about 93.6% if existing pre-funded warrants are exercised.\nCommon shares issued to Metaplanet at closing, through warrant exercises, or from preferred-stock conversions will carry a five-year lock-up. Metaplanet will also have the right to appoint five directors to the initial nine-member board, while four existing Super League directors will remain.\nFor 24 months after closing, the Japanese company may purchase up to 2.1 million non-convertible junior preferred shares with a stated value of $100 each. Full use of the subscription right would provide Superplanet with another $210 million.\nThe transaction is expected to close in the fourth quarter of 2026, subject to approval from Super League shareholders, Nasdaq requirements, customary closing conditions and applicable procedures in the United States and Japan.\nSuperplanet would give U.S. investors Nasdaq-listed Bitcoin exposure\nOnce completed, the transaction would place 2,100 BTC inside a U.S.-listed company. The coins account for approximately 4.9% of Metaplanet’s reported 43,000 BTC holdings and would remain within the consolidated group rather than leaving Metaplanet’s balance sheet.\nFor American investors, SLE already provides exposure through the Nasdaq Capital Market. Superplanet would retain that listing while adding a Bitcoin treasury to Super League’s existing advertising and playable-media operations, which will continue as a separate business segment.\nMetaplanet CEO Simon Gerovich described the planned structure as a way to raise capital through listed companies in Japan and the United States.\n\n“Superplanet is how we build in America, the deepest capital market in the world,” Gerovich said when the transaction was announced.\n\nMetaplanet expects the U.S. company to use its Bitcoin as collateral for possible perpetual preferred-stock offerings. According to the joint announcement, such securities could provide permanent capital without increasing the number of common shares, although no future preferred offering has been finalized.\nAt the parent-company level, Metaplanet has also been adding other financing channels in Japan. Days before revealing the Superplanet agreement, the company launched its BitBonds program through a 200 million yen private placement carrying annual interest rates of 4% to 4.3%.\nMetaplanet will keep its treasury split across two markets\nMetaplanet reported 43,000 BTC after adding 2,823 BTC during the second quarter. Its average acquisition price stood at approximately 15.3 million yen per coin, while the 2,100 BTC allocated to Superplanet will remain part of the Japanese company’s consolidated holdings after closing.\nQuestions about the balance arose in August when 5,014 BTC moved between addresses linked to the company. Gerovich later confirmed no sale had occurred, saying the coins had moved between custodians while the treasury remained at 43,000 BTC.\nMetaplanet’s first-half financial statements showed total assets of 418.18 billion yen and net assets of 340.88 billion yen as of June 30. The company also reported that it had drawn $414 million from a $500 million credit facility secured by Bitcoin.\nSuper League will keep Matthew Edelman as chief executive after adopting the Superplanet name, while Metaplanet will select the board chairman. Metaplanet’s initial board appointees will include Gerovich, Frederick Towfigh and John H. Whitehouse III.\n\n\n\n\n\n                Read more:\n            \n\n                Coinbase tokenized stocks go live on Base with 1:1 backing","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2662209123","isCrawlerRequest":true}