08:16 AM EDT, 09/23/2025 (MT Newswires) -- Super League Enterprise ( SLE ) shares climbed 151% in recent Tuesday premarket trading after the company said late Monday that it expects to raise $12 million to $20 million in gross proceeds from a private placement of shares and warrants.

The company said the financing among accredited investors will be anchored by a $10 million strategic equity investment from Evo Fund.

Super League ( SLE ) said funds raised from the placement, expected to close after the company's annual general meeting in October, will strengthen its balance sheet and aid the company in regaining compliance with Nasdaq's shareholder's equity listing requirements.