Item 8.01 Other Events.
On January 11, 2021, Super League Gaming, Inc., a Delaware corporation (the
"Company"), entered into securities purchase agreements with a limited number of
institutional investors for the registered direct offering of an aggregate of
3,076,924 shares of the Company's common stock, par value $0.001 per share (the
"Shares"), at a purchase price of $2.60 per Share (the "Registered
Direct Offering"). The Registered Direct Offering closed on January 13, 2021,
and resulted in gross proceeds to the Company of $8.0 million.
The Shares were offered by the Company pursuant to an effective shelf
registration statement on Form S-3, which was originally filed with the
Securities and Exchange Commission on April 10, 2020 (File No. 333-237626). The
Company filed a final prospectus supplement in connection with the Registered
Direct Offering on January 12, 2021.
In connection with the Registered Direct Offering, the Company is filing the
opinion and consent of its counsel, Disclosure Law Group, a Professional
Corporation, regarding the validity of the securities being registered as
Exhibits 5.1 and 23.1, respectively, hereto.
On January 12, 2021, the Company issued a press release announcing
the Registered Direct Offering. A copy of the press release is attached as
Exhibit 99.1 hereto.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibit Index
Exhibit No. Description
5.1 Opinion of Disclosure Law Group, a Professional Corporation
23.1 Consent of Disclosure Law Group, a Professional Corporation (included
in Exhibit 5.1)
99.1 Press Release issued by Super League Gaming, Inc., dated January 12,
2021
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