Super League Stockholders Approve All Proposals Related to Metaplanet's Proposed 2,100 Bitcoin and Cash Investment
Key Highlights
- ➤Stockholders approved all proposals tied to Metaplanet’s proposed strategic investment.
- ➤Metaplanet will contribute 2,100 Bitcoin and $2.5 million cash at closing.
- ➤Bitcoin contribution value rose from approximately $132.1 million to $170.0 million.
- ➤Metaplanet will receive 44,859,400 shares at $3.00 per share.
- ➤Transaction is anticipated to close in Q4 2026, subject to customary conditions.
- ➤Super League will be renamed Superplanet and trade under ticker SUPA.
Expert Statements
Matt Edelman, Chairman, Chief Executive Officer and President of Super League
“I’m deeply grateful to our stockholders for their support. Their approval brings us one step closer to redefining what this company can become”
Matt Edelman, Chairman, Chief Executive Officer and President of Super League
“If the transaction closes, we would no longer be defined solely by our current scale. Alongside an operating business that continues to serve many of the world’s most recognizable brands, we would have a treasury seeded with 2,100 Bitcoin and the long-term backing of one of the largest corporate Bitcoin holders globally.”
SANTA MONICA, Calif., Oct. 19, 2026 (GLOBE NEWSWIRE) -- Super League Enterprise, Inc. (Nasdaq: SLE) ("Super League") today announced that its stockholders approved all proposals presented at Super League's 2026 Annual Meeting of Stockholders, held on October 16, 2026, including those related to the previously announced proposed strategic investment in Super League by Metaplanet, Inc. (TSE: 3350) ("Metaplanet").
Under the definitive agreement announced on August 18, 2026, Metaplanet, through its wholly owned U.S. subsidiary, Metaplanet Holdings, Inc., will contribute 2,100 Bitcoin, together with $2.5 million in cash, to Super League at closing. Measured at the closing price of Bitcoin on the Coinbase Exchange at 4:00 p.m. (New York City time) on August 14, 2026, the reference date under the agreement, the 2,100 Bitcoin was valued at approximately $132.1 million. As of October 16, 2026, that value had increased to approximately $170.0 million. Bitcoin's price is volatile and will continue to fluctuate.
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