{"success":true,"data":{"pressRelease":{"id":"161939","rtpr_id":"nGNX4ksJDB-20261006","ticker":"SLE","exchange":"NASDAQ","all_tickers":["SLE","3350"],"title":"Super League Issues Letter to Stockholders on Metaplanet Transaction","author":"Globe Newswire","published_at":"2026-10-06T13:00:02.482Z","article_body":"SANTA MONICA, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Super League\nEnterprise, Inc. (Nasdaq: SLE) (“Super League” or the “Company”), an\naudience intelligence and media activation company trusted by global brands to\nreach and engage people who play video games across the digital advertising\nlandscape, issued a letter to stockholders from the Company’s Chairman and\nChief Executive Officer, Matt Edelman.\n\nDear Fellow Stockholders,\n\nOn August 18, 2026, Super League announced what I believe is the most\nconsequential transaction in our history.\n\nWith approval from you, our stockholders, at our 2026 Annual Meeting on\nOctober 16, 2026, and satisfaction of other closing conditions, we are on\ntrack to become part of a global platform with access to public capital\nmarkets in both the U.S. and Japan. More specifically, after closing, we would\nremain a Nasdaq-listed company, subject to the approval of Nasdaq, while also\nbecoming a company controlled by Metaplanet Inc. (“Metaplanet”)\n(TSE:3350), a Tokyo Stock Exchange-listed company and the third largest\ncorporate Bitcoin holder in the world (as of August 18, 2026).\n\nAlso upon closing, we would have a new name - Superplanet, Inc. - representing\nboth our legacy and our new partnership with Metaplanet.\n\nThere are many details to this transaction, all available in our definitive\nproxy statement filed on September 25, 2026. I want to use this letter to\nfocus on something critically important: why we believe it can fundamentally\nchange the opportunity for our stockholders.\n\nFor the past eighteen months, my focus has been on ensuring Super League could\npursue an open-ended future enabled by a stable foundation. We eliminated\ndebt, reduced costs, simplified our capital structure and strengthened the\nunderlying business. We did that work because it was necessary. But it also\ncreated new possibilities - possibilities uniquely available to a clean,\ncompliant, unencumbered Nasdaq company in a market that rewards scale,\nbusiness model diversification, cost discipline and global relevance.\n\nThis transaction represents that exact type of opportunity, offering Super\nLeague and our stockholders a future of an entirely different scale.\n\nI appreciate having this chance to share more about why we are so invigorated\nby this transformational trajectory.\n\nA Commitment Designed for the Long Term\n\nIt is important to understand what Metaplanet is bringing to Super League and\nthe conviction behind that commitment.\n\nIn just over two years, Metaplanet has built one of the largest corporate\nBitcoin treasuries in the world. Upon successfully closing this transaction,\nMetaplanet is expected to contribute 2,100 of its own Bitcoin to Super League\nand become the Company's controlling stockholder. Equally important,\nMetaplanet has agreed to a five-year lock-up covering its shares of common\nstock received at closing, as well as shares of common stock it would receive\nthrough the exercise or conversion of additional securities contemplated by\nthe transaction.\n\nThat matters.\n\nMetaplanet is not approaching Super League as a short-term financial\ninvestment. It is committing its Bitcoin, its balance sheet, its capital\nmarkets expertise and learnings from both successes and setbacks in building\none of the largest corporate Bitcoin treasuries. Most meaningful to SLE\nstockholders, Metaplanet is locking in its equity ownership for an initial\nperiod of five years — reflecting Metaplanet’s long-term commitment to\nSuper League rather than prioritizing near-term liquidity.\n\nThat kind of commitment doesn't happen by accident, and it doesn't happen\nwithout conviction.\n\nWe also believe Metaplanet's decision to build its U.S. platform through Super\nLeague is a validation of what our team has accomplished. Super League brings\nan established management team and operating infrastructure, a decade of\nexperience working with many of the world's largest consumer brands, and an\nunderstanding of the psychographic, behavioral, and lifestyle traits of the\nglobal population of consumers who play video games. We see that kind of reach\ninto a digitally native community as an advantage and believe it could\nposition Superplanet to lead in introducing Bitcoin, and the companies\nbuilding around it, to the next generation.\n\nWe’re not trading in our assets. We’re building on top of them.\n\nWhy Bitcoin\n\nI want to spend a moment here, because not every stockholder reading this\nletter follows Bitcoin closely, and you shouldn't need to do so in order to\nunderstand the fundamental reasons for this transaction.\n\nStart with something more familiar: money itself. Governments around the world\nhave spent recent years expanding the supply of their currencies to meet\nspecific needs. While the benefits occupy most of the headlines, there is also\na cost. When more currency enters a system, each existing unit tends to be\nworth a little less, which has the effect of lowering the value of what people\nhave worked to save.\n\nThis isn't a new phenomenon, but the pace of it has accelerated, and it's part\nof why a growing number of companies, central banks and long-term investors\nhave started paying closer attention to assets that cannot simply be increased\non demand.\n\nBitcoin is one of those assets, and in our opinion, a key asset that a company\nin today’s global economy can hold on its balance sheet. We believe Bitcoin\nis a highly liquid store of value, with supply that is fixed by code rather\nthan policy. That doesn't make it risk-free. However, it can be a credible\nsolution to a real and growing problem.\n\nWe're not asking our stockholders to become Bitcoin experts or to agree with\nevery argument its advocates make. We're asking you to consider the value of\nsupporting a company that takes seriously how much harder a saved dollar has\nto work today just to be worth the same tomorrow.\n\nBitcoin's price can be volatile, sometimes sharply so, and nothing here is a\nprediction about where it would trade next month, next quarter or beyond. Our\nconviction rests on its potential long-term properties, not its short-term\npath. And we’re not carrying that conviction alone. With the approval of our\nstockholders and satisfaction of other closing conditions, we would stand as\npart of a new global platform with Metaplanet, whose disciplined stewardship\nof a corporate Bitcoin treasury gives us a model already operating\nsuccessfully at scale.\n\nTwo Businesses, One Company\n\nI want to be direct about something important: this is not a pivot away from\nSuper League's operating business. With Metaplanet as our partner and parent\ncompany, we would be launching an additional business line, running in\nparallel with what we already do every day.\n\nWhile the Bitcoin treasury would be our primary driver of enterprise growth,\nwe expect our gaming media and advertising business to continue alongside it,\nwith continuity across our management team, employees, customers and brand\npartners, as described in our definitive proxy statement. We remain focused on\nour path to stronger financial outcomes. Nothing about our commitment to\nstabilizing and improving the results of that business changes as a result of\nthis transaction.\n\nAlongside it, we would be adding a second, powerful new engine: a Bitcoin\ntreasury, set to be seeded with an investment of 2,100 Bitcoin - worth\napproximately $132 million as of the closing price of Bitcoin on the Coinbase\nExchange at 4:00 p.m. (New York City time) on August 14, 2026 - the largest\nsingle investment in Super League's history. While the value of Bitcoin\nremains volatile, it is worth noting the value of 2,100 Bitcoin as of the\nclosing market price of Bitcoin on the Coinbase Exchange at 4:00 p.m. (New\nYork City time) on October 2, 2026 increased to approximately $179 million. \n\nThe transaction structure also provides for warrants and other investment\nrights that could potentially provide substantial additional capital to\nSuperplanet over time if exercised, as described in our definitive proxy\nstatement. Superplanet also would be able to pursue independent direct capital\nraises based on market conditions. We would intend to pursue such\nopportunities thoughtfully, favoring structures that grow Bitcoin per share\nfor our stockholders.\n\nThese two businesses are not as disconnected as they may first appear. The\nconsumers we reach every day - people who play video games - demonstrate\nongoing comfort with digital ownership, specifically of assets within video\ngames, which they choose to purchase, trade, and value based on a combination\nof personal conviction and in-game dynamics. We believe that behavior creates\nreal commercial opportunity. We've spent years helping brands build\nrelationships with gaming audiences; we see the same potential in helping\nexpand Bitcoin awareness and ownership within that same audience, and in time,\ndeveloping unique programs that bring brands into the Bitcoin economy. We\ndon't need to force these connections, but where they may meet naturally, we\nwould strive to be first.\n\nTwo businesses, each capable of creating increasing value on its own terms,\noperating under one roof.\n\nChanging the Ceiling\n\nI also want to speak candidly to stockholders who have been with Super League\nfor some time.\n\nWe have made real progress over the past year. But leading up to the\nannouncement of this transaction, that progress had not yet translated into\nthe public-market value that stockholders have hoped we would achieve. That\nhas been frustrating for all of our stakeholders, including you, as well as\nfor our employees and certainly for me.\n\nWe could have kept working inside those constraints. Instead, we chose to try\nto change them.\n\nThis transaction would not guarantee an outcome. Bitcoin will fluctuate.\nCapital markets will shift. Our execution will matter enormously, and the\ntransaction itself remains subject to our stockholders’ approval and other\nclosing conditions. Yet in sum, I believe the ceiling on what Super League can\nbecome as Superplanet would be significantly transformed.\n\nUpon closing, we would no longer be defined solely by the scale of our current\nbusiness. We would have a meaningful Bitcoin treasury, the backing of one of\nthe largest corporate Bitcoin holders globally, and a platform spanning Nasdaq\nand the Tokyo Stock Exchange.\n\nThe Journey Ahead\n\nFor stockholders who have stayed with us through the harder chapters, I\nbelieve this transaction is what we have worked hard to earn: a path to a\nlarger future, not just a bigger balance sheet.\n\nOur ambition isn't simply to own Bitcoin. Rather, it’s to build Superplanet\ninto a company that combines disciplined capital allocation, an operating\nbusiness with growth in its future, and the full weight of Metaplanet behind\nus as a majority stockholder for the long-term.\n\nThere is substantial work in front of us, and there will be volatility along\nthe way. But for the first time in several years, we have a business\npositioned to compete for capital at a scale we would be less likely to\nachieve on an isolated path.\n\nYour vote at our Annual Meeting on October 16, 2026 is how this future\nhappens. With our definitive proxy statement now available, this letter is\nmeant to express why I personally believe in what we are pursuing through this\ntransaction and share my conviction that the proposals in front of you deserve\nyour support.\n\nVoting\n\nFor your convenience, contact information for our proxy solicitor is\nimmediately below. They can assist in the voting process:\n\nAdvantage Proxy, Inc.\nToll Free: 1-877-870-8565\nCollect: 1-206-870-8565\nEmail: ksmith@advantageproxy.com \n\nIn closing, I am deeply grateful to our stockholders, to the team members\nwhose work propelled us to this moment, and to Metaplanet for the confidence\nit has placed in our team.\n\nSuper League built the foundation. Superplanet would give us the chance to\nscale on top of it — together.\n\nMatt Edelman\nChairman, Chief Executive Officer & President\nSuper League Enterprise, Inc.\n\nAbout Super League\n\nSuper League (Nasdaq: SLE) connects brands with the 3.3 billion-person global\ngaming population through advertising and branded content programs across\ngaming and digital media platforms. The Company generates revenue by\ndelivering these programs through proprietary interactive formats, creator\ncontent, immersive experiences, data-driven insights, and strategic campaign\nservices designed to improve marketing performance. By translating player\nbehavior into actionable intelligence, Super League serves as a trusted\npartner helping brands reach and influence consumers who play video games.\nWith a deep understanding of this highly engaged yet under-monetized audience,\nSuper League is positioned to capture an increasing share of brand advertising\nspend as the market evolves.\n\nImportant Information About the Annual Meeting and Where to Find It\n\nThe Company has filed a definitive proxy statement with the SEC on September\n25, 2026 in connection with its 2026 Annual Meeting of Stockholders (the\n“Annual Meeting”). The Company may also file other documents with the SEC\nin connection with the Annual Meeting. This document is not a substitute for\nthe definitive proxy statement or any other document which the Company may\nfile with the SEC. Investors and stockholders are urged to read the definitive\nproxy statement and any other relevant documents that are or will be filed\nwith the SEC, as well as any amendments or supplements thereto, carefully and\nin its entirety because they contain or will contain important information\nregarding the proposals to be considered at the Annual Meeting, the proposed\ntransaction with Metaplanet (the “Metaplanet Transaction”) and related\nrisks and matters. The definitive proxy statement and other filings are\navailable free of charge through the SEC's website.\n\nParticipants in the Solicitation\n\nSuper League and certain of its directors, executive officers and other\nemployees may be deemed to be participants in the solicitation of proxies from\nSuper League’s stockholders in connection with the Metaplanet Transaction.\nAdditional information regarding the identity of the participants, including a\ndescription of their direct or indirect interests, by security holdings or\notherwise, is set forth in the definitive proxy statement and other materials\nfiled with the SEC in connection with the Metaplanet Transaction. You may\nobtain copies of these documents filed with, or furnished to, the SEC free of\ncharge. All such documents are available free of charge at the SEC’s website\nat www.sec.gov or Super League’s website at www.superleague.com.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, and the safe harbor provisions of\nthe U.S. Private Securities Litigation Reform Act of 1995.\n\nForward-looking statements can be identified by words such as\n“anticipate,” “intend,” \"plan,\" \"goal,\" \"seek,\" \"believe,\" \"project,\"\n\"estimate,\" \"expect,\" \"strategy,\" \"future,\" \"likely,\" \"may,\" \"should,\" \"will\"\nand similar references to future periods. Forward-looking statements include\nall statements other than statements of historical fact, including, without\nlimitation, all statements regarding the Metaplanet Transaction; the value of\nBitcoin received by Super League in exchange for the shares of Super League\ncommon stock to be issued to Metaplanet; Super League’s value, assuming the\nconsummation of the Metaplanet Transaction; Super League becoming controlled\nby Metaplanet following the closing of the Metaplanet Transaction; Super\nLeague’s new business strategy regarding a Bitcoin treasury model; Super\nLeague’s ability to raise capital after the consummation of the Metaplanet\nTransaction, including the sale of preferred shares to purchase additional\nBitcoin; terms of potential preferred stock to be issued should the Metaplanet\nTransaction be consummated; publishing of Bitcoin-related metrics after the\nconsummation of the Metaplanet Transaction; the transaction structure and key\nterms of the Metaplanet Transaction; and the approval by Super League’s\nstockholders in connection with the Metaplanet Transaction; Super League’s\nability to maintain compliance with the Listing Rules of the Nasdaq Capital\nMarket; strategic transactions and partnerships; and capital structure,\nliquidity, and financing activities. These statements are based on current\nexpectations, estimates, forecasts, and projections about the industry and\nmarkets in which the Company operates, management’s current beliefs, and\ncertain assumptions made by the Company, all of which are subject to change.\n\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, these are based only on Super League’s current\nbeliefs, expectations and assumptions regarding the future of its business,\nfuture plans and strategies, projections, anticipated events and trends, the\neconomy and other conditions. Because forward-looking statements relate to the\nfuture, these are subject to inherent uncertainties, risks and changes in\ncircumstances that are difficult to predict and many of which are outside of\nSuper League’s control. These and other forward-looking statements are not\nguarantees of future results and are subject to risks, uncertainties and\nassumptions that could cause actual results or financial condition to differ\nmaterially from those indicated in any forward-looking statements. Neither\nSuper League nor any other person assume responsibility for the accuracy and\ncompleteness of the forward-looking statements. Therefore, you should not\nrely on any of these forward-looking statements as predictions of future\nevents.\n\nImportant risk factors that could cause our actual results and financial\ncondition to differ materially from those indicated in the forward-looking\nstatements include, but are not limited to: fluctuations in the market price\nof bitcoin and any associated unrealized gains or losses on digital assets,\nincluding accounting treatment relating to the Company's bitcoin holdings;\nchanges in securities laws or other laws or regulations, or the adoption of\nnew laws or regulations, relating to bitcoin that adversely affect the price\nof bitcoin or Super League’s ability to transact in or own bitcoin; the\nimpact of the availability of spot exchange traded products and other\ninvestment vehicles for bitcoin and other digital assets; a decrease in\nliquidity in the markets in which bitcoin is traded; security breaches,\ncyberattacks, unauthorized access, loss of private keys, fraud or other\ncircumstances or events that result in the loss of Super League’s bitcoin;\nimpacts to the price and rate of adoption of bitcoin associated with financial\ndifficulties and bankruptcies of various participants in the digital asset\nindustry; the extent and timing of market acceptance of Super League’s new\nproduct offerings; the Company’s ability to create customer demand and\nadoption trends; the Company’s ability to successfully integrate new\ntechnologies and partnerships; the consummation of the Metaplanet Transaction\non anticipated terms and timing, including the satisfaction of closing\nconditions; the Company’s ability to maintain compliance with the Nasdaq\nCapital Market continued listing standards; access to, and the cost of,\ncapital; and the other risks and uncertainties described in the section\nentitled “Risk Factors” in the Company’s Annual Report on Form 10-K for\nthe fiscal year ended December 31, 2025, the Company’s Quarterly Report on\nForm 10-Q for the quarter ended June 30, 2026, the Company’s Definitive\nProxy Statement on Schedule 14A, and other filings with the Securities and\nExchange Commission. You are cautioned not to place undue reliance on any\nforward-looking statements, which speak only as of the date hereof. Any\nforward-looking statement made by the Company in this press release is based\nonly on information currently available to Super League and speaks only as of\nthe date on which it is made. Except as required by law, the Company\nundertakes no obligation to update or revise any forward-looking statements to\nreflect events or circumstances after the date of this release or to reflect\nthe occurrence of unanticipated events.\n\nInvestor Relations Contact:\nAllan Rosenthal\nIntelligent IR ATX\nabrosey@intelligentiratx.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f0e2364d-90c3-497d-9d5f-80bd5b5ea77e)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4ksJDB-20261006","title":"Super League Issues Letter to Stockholders on Metaplanet Transaction","author":"Globe Newswire","ticker":"SLE","created":"2026-10-06T13:00:02.482Z","tickers":["SLE","3350"],"exchange":"NASDAQ","article_body":"SANTA MONICA, Calif., Oct. 06, 2026 (GLOBE NEWSWIRE) -- Super League\nEnterprise, Inc. (Nasdaq: SLE) (“Super League” or the “Company”), an\naudience intelligence and media activation company trusted by global brands to\nreach and engage people who play video games across the digital advertising\nlandscape, issued a letter to stockholders from the Company’s Chairman and\nChief Executive Officer, Matt Edelman.\n\nDear Fellow Stockholders,\n\nOn August 18, 2026, Super League announced what I believe is the most\nconsequential transaction in our history.\n\nWith approval from you, our stockholders, at our 2026 Annual Meeting on\nOctober 16, 2026, and satisfaction of other closing conditions, we are on\ntrack to become part of a global platform with access to public capital\nmarkets in both the U.S. and Japan. More specifically, after closing, we would\nremain a Nasdaq-listed company, subject to the approval of Nasdaq, while also\nbecoming a company controlled by Metaplanet Inc. (“Metaplanet”)\n(TSE:3350), a Tokyo Stock Exchange-listed company and the third largest\ncorporate Bitcoin holder in the world (as of August 18, 2026).\n\nAlso upon closing, we would have a new name - Superplanet, Inc. - representing\nboth our legacy and our new partnership with Metaplanet.\n\nThere are many details to this transaction, all available in our definitive\nproxy statement filed on September 25, 2026. I want to use this letter to\nfocus on something critically important: why we believe it can fundamentally\nchange the opportunity for our stockholders.\n\nFor the past eighteen months, my focus has been on ensuring Super League could\npursue an open-ended future enabled by a stable foundation. We eliminated\ndebt, reduced costs, simplified our capital structure and strengthened the\nunderlying business. We did that work because it was necessary. But it also\ncreated new possibilities - possibilities uniquely available to a clean,\ncompliant, unencumbered Nasdaq company in a market that rewards scale,\nbusiness model diversification, cost discipline and global relevance.\n\nThis transaction represents that exact type of opportunity, offering Super\nLeague and our stockholders a future of an entirely different scale.\n\nI appreciate having this chance to share more about why we are so invigorated\nby this transformational trajectory.\n\nA Commitment Designed for the Long Term\n\nIt is important to understand what Metaplanet is bringing to Super League and\nthe conviction behind that commitment.\n\nIn just over two years, Metaplanet has built one of the largest corporate\nBitcoin treasuries in the world. Upon successfully closing this transaction,\nMetaplanet is expected to contribute 2,100 of its own Bitcoin to Super League\nand become the Company's controlling stockholder. Equally important,\nMetaplanet has agreed to a five-year lock-up covering its shares of common\nstock received at closing, as well as shares of common stock it would receive\nthrough the exercise or conversion of additional securities contemplated by\nthe transaction.\n\nThat matters.\n\nMetaplanet is not approaching Super League as a short-term financial\ninvestment. It is committing its Bitcoin, its balance sheet, its capital\nmarkets expertise and learnings from both successes and setbacks in building\none of the largest corporate Bitcoin treasuries. Most meaningful to SLE\nstockholders, Metaplanet is locking in its equity ownership for an initial\nperiod of five years — reflecting Metaplanet’s long-term commitment to\nSuper League rather than prioritizing near-term liquidity.\n\nThat kind of commitment doesn't happen by accident, and it doesn't happen\nwithout conviction.\n\nWe also believe Metaplanet's decision to build its U.S. platform through Super\nLeague is a validation of what our team has accomplished. Super League brings\nan established management team and operating infrastructure, a decade of\nexperience working with many of the world's largest consumer brands, and an\nunderstanding of the psychographic, behavioral, and lifestyle traits of the\nglobal population of consumers who play video games. We see that kind of reach\ninto a digitally native community as an advantage and believe it could\nposition Superplanet to lead in introducing Bitcoin, and the companies\nbuilding around it, to the next generation.\n\nWe’re not trading in our assets. We’re building on top of them.\n\nWhy Bitcoin\n\nI want to spend a moment here, because not every stockholder reading this\nletter follows Bitcoin closely, and you shouldn't need to do so in order to\nunderstand the fundamental reasons for this transaction.\n\nStart with something more familiar: money itself. Governments around the world\nhave spent recent years expanding the supply of their currencies to meet\nspecific needs. While the benefits occupy most of the headlines, there is also\na cost. When more currency enters a system, each existing unit tends to be\nworth a little less, which has the effect of lowering the value of what people\nhave worked to save.\n\nThis isn't a new phenomenon, but the pace of it has accelerated, and it's part\nof why a growing number of companies, central banks and long-term investors\nhave started paying closer attention to assets that cannot simply be increased\non demand.\n\nBitcoin is one of those assets, and in our opinion, a key asset that a company\nin today’s global economy can hold on its balance sheet. We believe Bitcoin\nis a highly liquid store of value, with supply that is fixed by code rather\nthan policy. That doesn't make it risk-free. However, it can be a credible\nsolution to a real and growing problem.\n\nWe're not asking our stockholders to become Bitcoin experts or to agree with\nevery argument its advocates make. We're asking you to consider the value of\nsupporting a company that takes seriously how much harder a saved dollar has\nto work today just to be worth the same tomorrow.\n\nBitcoin's price can be volatile, sometimes sharply so, and nothing here is a\nprediction about where it would trade next month, next quarter or beyond. Our\nconviction rests on its potential long-term properties, not its short-term\npath. And we’re not carrying that conviction alone. With the approval of our\nstockholders and satisfaction of other closing conditions, we would stand as\npart of a new global platform with Metaplanet, whose disciplined stewardship\nof a corporate Bitcoin treasury gives us a model already operating\nsuccessfully at scale.\n\nTwo Businesses, One Company\n\nI want to be direct about something important: this is not a pivot away from\nSuper League's operating business. With Metaplanet as our partner and parent\ncompany, we would be launching an additional business line, running in\nparallel with what we already do every day.\n\nWhile the Bitcoin treasury would be our primary driver of enterprise growth,\nwe expect our gaming media and advertising business to continue alongside it,\nwith continuity across our management team, employees, customers and brand\npartners, as described in our definitive proxy statement. We remain focused on\nour path to stronger financial outcomes. Nothing about our commitment to\nstabilizing and improving the results of that business changes as a result of\nthis transaction.\n\nAlongside it, we would be adding a second, powerful new engine: a Bitcoin\ntreasury, set to be seeded with an investment of 2,100 Bitcoin - worth\napproximately $132 million as of the closing price of Bitcoin on the Coinbase\nExchange at 4:00 p.m. (New York City time) on August 14, 2026 - the largest\nsingle investment in Super League's history. While the value of Bitcoin\nremains volatile, it is worth noting the value of 2,100 Bitcoin as of the\nclosing market price of Bitcoin on the Coinbase Exchange at 4:00 p.m. (New\nYork City time) on October 2, 2026 increased to approximately $179 million. \n\nThe transaction structure also provides for warrants and other investment\nrights that could potentially provide substantial additional capital to\nSuperplanet over time if exercised, as described in our definitive proxy\nstatement. Superplanet also would be able to pursue independent direct capital\nraises based on market conditions. We would intend to pursue such\nopportunities thoughtfully, favoring structures that grow Bitcoin per share\nfor our stockholders.\n\nThese two businesses are not as disconnected as they may first appear. The\nconsumers we reach every day - people who play video games - demonstrate\nongoing comfort with digital ownership, specifically of assets within video\ngames, which they choose to purchase, trade, and value based on a combination\nof personal conviction and in-game dynamics. We believe that behavior creates\nreal commercial opportunity. We've spent years helping brands build\nrelationships with gaming audiences; we see the same potential in helping\nexpand Bitcoin awareness and ownership within that same audience, and in time,\ndeveloping unique programs that bring brands into the Bitcoin economy. We\ndon't need to force these connections, but where they may meet naturally, we\nwould strive to be first.\n\nTwo businesses, each capable of creating increasing value on its own terms,\noperating under one roof.\n\nChanging the Ceiling\n\nI also want to speak candidly to stockholders who have been with Super League\nfor some time.\n\nWe have made real progress over the past year. But leading up to the\nannouncement of this transaction, that progress had not yet translated into\nthe public-market value that stockholders have hoped we would achieve. That\nhas been frustrating for all of our stakeholders, including you, as well as\nfor our employees and certainly for me.\n\nWe could have kept working inside those constraints. Instead, we chose to try\nto change them.\n\nThis transaction would not guarantee an outcome. Bitcoin will fluctuate.\nCapital markets will shift. Our execution will matter enormously, and the\ntransaction itself remains subject to our stockholders’ approval and other\nclosing conditions. Yet in sum, I believe the ceiling on what Super League can\nbecome as Superplanet would be significantly transformed.\n\nUpon closing, we would no longer be defined solely by the scale of our current\nbusiness. We would have a meaningful Bitcoin treasury, the backing of one of\nthe largest corporate Bitcoin holders globally, and a platform spanning Nasdaq\nand the Tokyo Stock Exchange.\n\nThe Journey Ahead\n\nFor stockholders who have stayed with us through the harder chapters, I\nbelieve this transaction is what we have worked hard to earn: a path to a\nlarger future, not just a bigger balance sheet.\n\nOur ambition isn't simply to own Bitcoin. Rather, it’s to build Superplanet\ninto a company that combines disciplined capital allocation, an operating\nbusiness with growth in its future, and the full weight of Metaplanet behind\nus as a majority stockholder for the long-term.\n\nThere is substantial work in front of us, and there will be volatility along\nthe way. But for the first time in several years, we have a business\npositioned to compete for capital at a scale we would be less likely to\nachieve on an isolated path.\n\nYour vote at our Annual Meeting on October 16, 2026 is how this future\nhappens. With our definitive proxy statement now available, this letter is\nmeant to express why I personally believe in what we are pursuing through this\ntransaction and share my conviction that the proposals in front of you deserve\nyour support.\n\nVoting\n\nFor your convenience, contact information for our proxy solicitor is\nimmediately below. They can assist in the voting process:\n\nAdvantage Proxy, Inc.\nToll Free: 1-877-870-8565\nCollect: 1-206-870-8565\nEmail: ksmith@advantageproxy.com \n\nIn closing, I am deeply grateful to our stockholders, to the team members\nwhose work propelled us to this moment, and to Metaplanet for the confidence\nit has placed in our team.\n\nSuper League built the foundation. Superplanet would give us the chance to\nscale on top of it — together.\n\nMatt Edelman\nChairman, Chief Executive Officer & President\nSuper League Enterprise, Inc.\n\nAbout Super League\n\nSuper League (Nasdaq: SLE) connects brands with the 3.3 billion-person global\ngaming population through advertising and branded content programs across\ngaming and digital media platforms. The Company generates revenue by\ndelivering these programs through proprietary interactive formats, creator\ncontent, immersive experiences, data-driven insights, and strategic campaign\nservices designed to improve marketing performance. By translating player\nbehavior into actionable intelligence, Super League serves as a trusted\npartner helping brands reach and influence consumers who play video games.\nWith a deep understanding of this highly engaged yet under-monetized audience,\nSuper League is positioned to capture an increasing share of brand advertising\nspend as the market evolves.\n\nImportant Information About the Annual Meeting and Where to Find It\n\nThe Company has filed a definitive proxy statement with the SEC on September\n25, 2026 in connection with its 2026 Annual Meeting of Stockholders (the\n“Annual Meeting”). The Company may also file other documents with the SEC\nin connection with the Annual Meeting. This document is not a substitute for\nthe definitive proxy statement or any other document which the Company may\nfile with the SEC. Investors and stockholders are urged to read the definitive\nproxy statement and any other relevant documents that are or will be filed\nwith the SEC, as well as any amendments or supplements thereto, carefully and\nin its entirety because they contain or will contain important information\nregarding the proposals to be considered at the Annual Meeting, the proposed\ntransaction with Metaplanet (the “Metaplanet Transaction”) and related\nrisks and matters. The definitive proxy statement and other filings are\navailable free of charge through the SEC's website.\n\nParticipants in the Solicitation\n\nSuper League and certain of its directors, executive officers and other\nemployees may be deemed to be participants in the solicitation of proxies from\nSuper League’s stockholders in connection with the Metaplanet Transaction.\nAdditional information regarding the identity of the participants, including a\ndescription of their direct or indirect interests, by security holdings or\notherwise, is set forth in the definitive proxy statement and other materials\nfiled with the SEC in connection with the Metaplanet Transaction. You may\nobtain copies of these documents filed with, or furnished to, the SEC free of\ncharge. All such documents are available free of charge at the SEC’s website\nat www.sec.gov or Super League’s website at www.superleague.com.\n\nForward-Looking Statements\n\nThis press release contains \"forward-looking statements\" within the meaning of\nSection 27A of the Securities Act of 1933, as amended, and Section 21E of the\nSecurities Exchange Act of 1934, as amended, and the safe harbor provisions of\nthe U.S. Private Securities Litigation Reform Act of 1995.\n\nForward-looking statements can be identified by words such as\n“anticipate,” “intend,” \"plan,\" \"goal,\" \"seek,\" \"believe,\" \"project,\"\n\"estimate,\" \"expect,\" \"strategy,\" \"future,\" \"likely,\" \"may,\" \"should,\" \"will\"\nand similar references to future periods. Forward-looking statements include\nall statements other than statements of historical fact, including, without\nlimitation, all statements regarding the Metaplanet Transaction; the value of\nBitcoin received by Super League in exchange for the shares of Super League\ncommon stock to be issued to Metaplanet; Super League’s value, assuming the\nconsummation of the Metaplanet Transaction; Super League becoming controlled\nby Metaplanet following the closing of the Metaplanet Transaction; Super\nLeague’s new business strategy regarding a Bitcoin treasury model; Super\nLeague’s ability to raise capital after the consummation of the Metaplanet\nTransaction, including the sale of preferred shares to purchase additional\nBitcoin; terms of potential preferred stock to be issued should the Metaplanet\nTransaction be consummated; publishing of Bitcoin-related metrics after the\nconsummation of the Metaplanet Transaction; the transaction structure and key\nterms of the Metaplanet Transaction; and the approval by Super League’s\nstockholders in connection with the Metaplanet Transaction; Super League’s\nability to maintain compliance with the Listing Rules of the Nasdaq Capital\nMarket; strategic transactions and partnerships; and capital structure,\nliquidity, and financing activities. These statements are based on current\nexpectations, estimates, forecasts, and projections about the industry and\nmarkets in which the Company operates, management’s current beliefs, and\ncertain assumptions made by the Company, all of which are subject to change.\n\nForward-looking statements are neither historical facts nor assurances of\nfuture performance. Instead, these are based only on Super League’s current\nbeliefs, expectations and assumptions regarding the future of its business,\nfuture plans and strategies, projections, anticipated events and trends, the\neconomy and other conditions. Because forward-looking statements relate to the\nfuture, these are subject to inherent uncertainties, risks and changes in\ncircumstances that are difficult to predict and many of which are outside of\nSuper League’s control. These and other forward-looking statements are not\nguarantees of future results and are subject to risks, uncertainties and\nassumptions that could cause actual results or financial condition to differ\nmaterially from those indicated in any forward-looking statements. Neither\nSuper League nor any other person assume responsibility for the accuracy and\ncompleteness of the forward-looking statements. Therefore, you should not\nrely on any of these forward-looking statements as predictions of future\nevents.\n\nImportant risk factors that could cause our actual results and financial\ncondition to differ materially from those indicated in the forward-looking\nstatements include, but are not limited to: fluctuations in the market price\nof bitcoin and any associated unrealized gains or losses on digital assets,\nincluding accounting treatment relating to the Company's bitcoin holdings;\nchanges in securities laws or other laws or regulations, or the adoption of\nnew laws or regulations, relating to bitcoin that adversely affect the price\nof bitcoin or Super League’s ability to transact in or own bitcoin; the\nimpact of the availability of spot exchange traded products and other\ninvestment vehicles for bitcoin and other digital assets; a decrease in\nliquidity in the markets in which bitcoin is traded; security breaches,\ncyberattacks, unauthorized access, loss of private keys, fraud or other\ncircumstances or events that result in the loss of Super League’s bitcoin;\nimpacts to the price and rate of adoption of bitcoin associated with financial\ndifficulties and bankruptcies of various participants in the digital asset\nindustry; the extent and timing of market acceptance of Super League’s new\nproduct offerings; the Company’s ability to create customer demand and\nadoption trends; the Company’s ability to successfully integrate new\ntechnologies and partnerships; the consummation of the Metaplanet Transaction\non anticipated terms and timing, including the satisfaction of closing\nconditions; the Company’s ability to maintain compliance with the Nasdaq\nCapital Market continued listing standards; access to, and the cost of,\ncapital; and the other risks and uncertainties described in the section\nentitled “Risk Factors” in the Company’s Annual Report on Form 10-K for\nthe fiscal year ended December 31, 2025, the Company’s Quarterly Report on\nForm 10-Q for the quarter ended June 30, 2026, the Company’s Definitive\nProxy Statement on Schedule 14A, and other filings with the Securities and\nExchange Commission. You are cautioned not to place undue reliance on any\nforward-looking statements, which speak only as of the date hereof. Any\nforward-looking statement made by the Company in this press release is based\nonly on information currently available to Super League and speaks only as of\nthe date on which it is made. Except as required by law, the Company\nundertakes no obligation to update or revise any forward-looking statements to\nreflect events or circumstances after the date of this release or to reflect\nthe occurrence of unanticipated events.\n\nInvestor Relations Contact:\nAllan Rosenthal\nIntelligent IR ATX\nabrosey@intelligentiratx.com\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/f0e2364d-90c3-497d-9d5f-80bd5b5ea77e)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-10-06T13:00:03.169592562Z","server_sent_at_ms":1791291603169},"received_at":"2026-10-06T13:00:03.221Z","source_url":null},"analysis":{"id":"150446","press_release_id":"161939","analysis_json":{"industry":{"label":"Advertising","sector":"Communication Services"},"redFlags":["deal not yet closed — subject to stockholder vote on Oct 16, 2026 and closing conditions","company pivoting to Bitcoin treasury strategy with full exposure to bitcoin price volatility","majority control ceded to Metaplanet; existing holders diluted into a controlled company","small-cap Nasdaq listing compliance risk explicitly cited in forward-looking statements"],"eventType":"m_and_a","narrative":"Super League CEO Matt Edelman issued a stockholder letter urging support for the Metaplanet transaction ahead of the October 16, 2026 Annual Meeting vote.\n\nUpon closing, Metaplanet would contribute 2,100 Bitcoin — worth approximately $179 million as of October 2, 2026 — become controlling stockholder with a five-year lock-up, and rename the Nasdaq-listed company Superplanet, Inc.\n\nManagement says the existing gaming media and advertising business continues in parallel, with the Bitcoin treasury as the primary growth driver; the deal remains subject to stockholder approval and other closing conditions.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Micro-cap SLE to become a 2,100-BTC treasury vehicle controlled by Metaplanet — watch the Oct 16 vote as the binary catalyst."},"keyFigures":{"dealValueUsd":"$132 million (2,100 BTC as of Aug 14, 2026)","customDimensions":{"vote_date":"2026-10-16","lockup_years":5,"btc_contributed":2100,"btc_value_oct2_2026":"$179 million","btc_value_aug14_2026":"$132 million"}},"quotedText":"Metaplanet is expected to contribute 2,100 of its own Bitcoin to Super League and become the Company's controlling stockholder.","namedEntities":{"people":[{"name":"Matt Edelman","role":"Chairman, CEO & President"},{"name":"Allan Rosenthal","role":"Investor Relations contact"}],"products":["Superplanet, Inc. (post-closing name)"],"companies":[{"name":"Super League Enterprise, Inc.","ticker":"SLE","relationship":"filer/target of control transaction"},{"name":"Metaplanet Inc.","ticker":"3350","relationship":"acquirer/controlling stockholder"},{"name":"Advantage Proxy, Inc.","relationship":"proxy solicitor"},{"name":"Coinbase Exchange","relationship":"bitcoin pricing venue"}],"dollarAmounts":[{"amount":"$132 million","context":"value of 2,100 BTC at Aug 14, 2026 closing price"},{"amount":"$179 million","context":"value of 2,100 BTC at Oct 2, 2026 closing price"}]},"materialImpact":{"score":4,"reasoning":"Control change to Metaplanet with a 2,100 BTC (~$179M) treasury contribution and rename to Superplanet, Inc., contingent on the October 16, 2026 stockholder vote. A transformational control transaction for a micro-cap, though not yet closed."},"tickerRelevance":{"others":[{"ticker":"3350","relevance":"acquirer"}],"primary":"SLE"},"globalImportance":35,"audienceRelevance":45,"eventTypeSecondary":[],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"control transaction with crypto treasury pivot","issuerAuthored":true,"retailFavoriteBoost":"metaplanet/bitcoin-treasury theme draws retail interest"}},"event_type":"m_and_a","event_type_secondary":null,"sentiment":"bullish","material_impact_score":4,"narrative":"Super League CEO Matt Edelman issued a stockholder letter urging support for the Metaplanet transaction ahead of the October 16, 2026 Annual Meeting vote.\n\nUpon closing, Metaplanet would contribute 2,100 Bitcoin — worth approximately $179 million as of October 2, 2026 — become controlling stockholder with a five-year lock-up, and rename the Nasdaq-listed company Superplanet, Inc.\n\nManagement says the existing gaming media and advertising business continues in parallel, with the Bitcoin treasury as the primary growth driver; the deal remains subject to stockholder approval and other closing conditions.","key_figures":{"dealValueUsd":"$132 million (2,100 BTC as of Aug 14, 2026)","customDimensions":{"vote_date":"2026-10-16","lockup_years":5,"btc_contributed":2100,"btc_value_oct2_2026":"$179 million","btc_value_aug14_2026":"$132 million"}},"named_entities":{"people":[{"name":"Matt Edelman","role":"Chairman, CEO & President"},{"name":"Allan Rosenthal","role":"Investor Relations contact"}],"products":["Superplanet, Inc. (post-closing name)"],"companies":[{"name":"Super League Enterprise, Inc.","ticker":"SLE","relationship":"filer/target of control transaction"},{"name":"Metaplanet Inc.","ticker":"3350","relationship":"acquirer/controlling stockholder"},{"name":"Advantage Proxy, Inc.","relationship":"proxy solicitor"},{"name":"Coinbase Exchange","relationship":"bitcoin pricing venue"}],"dollarAmounts":[{"amount":"$132 million","context":"value of 2,100 BTC at Aug 14, 2026 closing price"},{"amount":"$179 million","context":"value of 2,100 BTC at Oct 2, 2026 closing price"}]},"model_name":"glm-5.3-flashx","prompt_hash":"sha256:5c812bd9e28b810d","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-10-06T13:00:19.349Z","global_importance":35,"audience_relevance":45,"importance_components":{"tickerTier":"micro-cap","eventGravity":"control transaction with crypto treasury pivot","issuerAuthored":true,"retailFavoriteBoost":"metaplanet/bitcoin-treasury theme draws retail interest"}},"durationMs":7144,"modelName":"glm-5.3-flashx"}}