11:23 AM EDT, 06/18/2025 (MT Newswires) -- Super League Enterprise ( SLE ) said Wednesday it will effect a 1-for-40 reverse stock split to help regain it compliance with Nasdaq's $1 minimum bid price requirement.

The shares are expected to begin trading on a split-adjusted basis on June 23, the firm said. The reverse split will reduce its shares to about 884,000 from some 35.4 million.

Shares were down about 7% in recent trading.

Price: 0.11, Change: -0.01, Percent Change: -6.96