Super League (Nasdaq: SLE), an audience intelligence and media activation company connecting brands with people who play video games—one of the largest and most influential audiences in modern culture—today announced a definitive agreement to acquire the Misfits Ads Division from Misfits Gaming Group. Post-closing, the transaction will expand Super League's revenue base, diversify monetization channels, and accelerate its path to positive Adjusted EBITDA and long-term value creation.

Subject to the satisfaction of certain closing conditions, including approval by Super League shareholders at an upcoming Special Meeting of Stockholders, Misfits will receive $1.5 million in cash and 19.99% of the aggregate of (i) the fully issued and outstanding shares of Super League's common stock, and (ii) the number of shares of Super League common stock underlying those certain outstanding pre-funded warrants issued in the October 2025 PIPE financing.

Misfits also will receive a common stock purchase warrant to purchase Super League common stock at an exercise price of $18 per share.