Super League Enterprise, Inc. (Nasdaq: SLE) announced that its stockholders approved all proposals presented at the company’s 2026 Annual Meeting of Stockholders, held on October 16, 2026. The meeting addressed a strategic investment proposal from Metaplanet, Inc., as well as various corporate governance amendments.
Under the definitive agreement announced on August 18, 2026, Metaplanet will contribute 2,100 Bitcoin and $2.5 million in cash to Super League at closing. The Bitcoin was valued at approximately $132.1 million based on the closing price on August 14, 2026, and had increased to approximately $170.0 million as of October 16, 2026.
In exchange, Metaplanet will receive 44,859,400 shares of common stock at a fixed price of $3.00 per share. The transaction also includes the issuance of 100 shares of convertible perpetual preferred stock and ten-year warrants to purchase up to 381,000,000 shares of common stock. Additionally, Metaplanet has the right to subscribe for up to 2,100,000 shares of preferred stock and invest an additional $210.0 million over 24 months.
Super League stockholders also approved a name change to "Superplanet, Inc." and the adoption of the Fourth Amended and Restated Certificate of Incorporation. The proposed transaction is anticipated to close in the fourth quarter of 2026, subject to customary closing conditions, including required filings with the Nasdaq Capital Market.
The company also disclosed that it purchased two Bitcoin on October 16, 2026, at an average price of $81,444.82 per Bitcoin, as part of its exploration of Bitcoin as a treasury asset.
