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Wednesday, Jul 6, 2022

Santa Monica E-sports Company Files $25 Million IPO

Super League Gaming Inc., a Santa Monica company that organizes amateur e-sports competitions, filed a $25 million initial public offering with the Securities and Exchange Commission Jan. 4.

The company, which was founded in 2014, seeks to trade on the Nasdaq Inc. stock listing.

Super League Gaming lists in the SEC filing that Northland Securities Inc., Lake Street Capital Markets, and National Security Corporation are underwriters, but the company does not disclose how many shares the businesses agreed to purchase.

According to the financials provided in the filing, Super League Gaming had $640,000 of sales in the first nine months of 2018, while incurring $11,600,000 in operating expenses. The company listed it has $7,950,000 in assets, and $47,700,000 in debt.

Super League Gaming describes itself as using proprietary technology and partnerships including with Riot Games Inc. to organize amateur gaming competitions at sites such as movie theaters.

The company’s chief executive and chairman is Ann Hand, who was previously head of Project Frog Holdings Inc., a company that makes parts for energy-efficient buildings.

Media and entertainment reporter Matthew Blake can be reached at (323)556-8332 or mblake@labusinessjournal.com

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