SLGG - Super League Gaming down 7% after capital raise; Winter Wonderland received over 8.6M joins
Super League Gaming (SLGG) proposes to raise capital with a ~3.08M share sale of common stock at a price of $2.60/share.Gross proceeds are expected to be ~$8.0M.Net proceeds will be used for working capital and general corporate purposes.Offering is expected to close on or about January 13, 2021.Additionally, Super League announces the exciting success of its most recent youth-focused initiative Winter Wonderland, built entirely in Minehut, Super League’s Minecraft community and a Play Your Way Parkour course, supported by Logitech G.Since December, Super League's in-game event received more than 8.6M joins, gamers spent 165,886 hours within the program, which is the equivalent to 6,912 days or almost 19 years and saw a nearly 45% lift in in-game chat messages within the first 24 hours it was live.Previously on Dec.18, announced a continued, large-scale growth and engagement with young gamers through in-game events just in time for the holidays.Shares are down 6.8% PM.
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Super League Gaming down 7% after capital raise; Winter Wonderland received over 8.6M joins