Super League Enterprise Files 8-K on Delisting Concerns
Ticker: SLE · Form: 8-K · Filed: Jan 8, 2025 · CIK: 1621672
| Field | Detail |
|---|---|
| Company | Super League Enterprise, Inc. (SLE) |
| Form Type | 8-K |
| Filed Date | Jan 8, 2025 |
| Risk Level | high |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.001, $1.00 |
| Sentiment | bearish |
Sentiment: bearish
Topics: delisting, listing-standards, financial-statements
Related Tickers: SLGG
TL;DR
SLGG 8-K filed: Delisting notice, financial statements. Potential listing issues ahead.
AI Summary
Super League Enterprise, Inc. filed an 8-K on January 8, 2025, reporting a notice of delisting or failure to satisfy a continued listing rule or standard, and also filed financial statements and exhibits. The report date is January 2, 2025. The company is incorporated in Delaware and its principal executive offices are located in Santa Monica, California.
Why It Matters
This filing indicates potential issues with Super League Enterprise's continued listing on an exchange, which could impact its stock trading and investor confidence.
Risk Assessment
Risk Level: high — A notice of delisting or failure to meet listing standards is a significant red flag for investors, indicating potential severe financial or operational distress.
Key Players & Entities
- Super League Enterprise, Inc. (company) — Registrant
- January 2, 2025 (date) — Earliest event reported
- January 8, 2025 (date) — Filing date
- Delaware (jurisdiction) — State of incorporation
- Santa Monica, California (location) — Principal executive offices
- 001-38819 (identifier) — Commission File Number
- 47-1990734 (identifier) — IRS Employer Identification Number
FAQ
What specific listing rule or standard has Super League Enterprise, Inc. failed to satisfy?
The filing indicates a 'Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard' but does not specify the exact rule or standard in the provided text.
When was the earliest event reported in this 8-K filing?
The earliest event reported is dated January 2, 2025.
What is the Commission File Number for Super League Enterprise, Inc.?
The Commission File Number is 001-38819.
Where are Super League Enterprise, Inc.'s principal executive offices located?
The principal executive offices are located at 2856 Colorado Avenue, Santa Monica, California 90404.
What other items are included in this 8-K filing besides the notice of delisting?
The filing also includes 'Financial Statements and Exhibits'.
Filing Stats: 806 words · 3 min read · ~3 pages · Grade level 13.5 · Accepted 2025-01-08 16:48:37
Key Financial Figures
- $0.001 — h registered Common Stock , par value $0.001 per share SLE Nasdaq Capital Market
- $1.00 — rement to maintain a minimumbid priceof $1.00 per share for continued listing on the
Filing Documents
- slgg20250108_8k.htm (8-K) — 24KB
- 0001437749-25-000743.txt ( ) — 157KB
- slgg-20250102.xsd (EX-101.SCH) — 3KB
- slgg-20250102_def.xml (EX-101.DEF) — 12KB
- slgg-20250102_lab.xml (EX-101.LAB) — 15KB
- slgg-20250102_pre.xml (EX-101.PRE) — 12KB
- slgg20250108_8k_htm.xml (XML) — 3KB
01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing On January 2, 2025, Super League Enterprise, Inc. (the " Company ") received a letter (the " Bid Price Letter ") from the Listing Qualifications Staff of The Nasdaq Stock Market, LLC (" Nasdaq ") indicating that, based upon the closingbid priceof the Company's common stock, par value $0.001 per share (" Common Stock "), for the last 30 consecutive business days, the Company is not currently in compliance with the requirement to maintain a minimumbid priceof $1.00 per share for continued listing on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2). On January 3, 2025, the Company received a letter (the " Annual Meeting Letter ") from Nasdaq indicating that the Company no longer complies with Listing Rule 5620(a) (the " Annual Meeting Rule ") since it did not hold an annual meeting of stockholders within twelve months of the end of the Company's fiscal year ended December 31, 2023. The Bid Price Letter and the Annual Meeting Letter have no immediate effect on the listing of the Company's Common Stock on The Nasdaq Capital Market. The Company intends to monitor the closingbid price of its Common Stock. To regain compliance with Nasdaq Listing Rule 5550(a)(2), the closingbid priceof the Company's Common Stock must be at least $1.00 per share for 10 consecutive business days during the 180-day period from January 2, 2025 to July 1, 2025. If the Company does not regain compliance with the minimumbid pricerequirement by July 1, 2025, Nasdaq may grant the Company a second 180-day period to regain compliance. To qualify for this additional 180-day compliance period, the Company would be required to meet the continued listing requirement for market value of publicly held shares and all other initial listing standards for the Nasdaq Capital Market, other than the minimumbid pricerequirement. In addition, the Company would also be required to
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits Index Exhibit No. Description 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
Signatures
Signatures Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Super League Enterprise, Inc. Date: January 8, 2025 By: /s/ Clayton Haynes Clayton Haynes Chief Financial Officer