Metaplanet's Acquisition of Nasdaq-Listed SLE Approved, Expanding Its U.S. Capital Market Footprint

Metaplanet Founder and CEO Simon Gerovich announced that the transaction between Metaplanet and Nasdaq-listed Super League Enterprise (ticker: SLE) has been formally approved at the latter's shareholders' meeting. Pursuant to the agreement, Metaplanet will contribute 2,100 Bitcoin and $2.5 million in cash (with a combined value of approximately $134.6 million) in exchange for approximately 44.86 million shares of common stock, preferred stock, and warrants of SLE. Upon completion of the transaction, Metaplanet will hold approximately 95.7% of SLE's outstanding common shares, making it the controlling shareholder.