Super League Enterprise, Inc. (SLE) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 15, 2026

Risk Assessment Details

Potential Dilution: 1143.17% of current shares
Recent Dilution: 1240.78% (2 years)
Historical Dilution Factor: significant recent dilution
Outstanding Shares
1.5M
Potential Supply
17M
Additional shares possible
Splits
1 Split 1 Reverse
Past 2 years

Summary

SLE currently has 1.5M outstanding shares. with significant dilution risk as 17.2M authorized shares could dilute existing holders by 1143.2%. The company has significantly diluted shareholders by 1240.78% over the past 2 years, indicating aggressive capital raising. Recent corporate actions include 1 stock split (positive for accessibility) and 1 reverse split (concerning signal).

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 15, 2026

10-Q filing | 1.5M shares outstanding

1.5M 17M
Mar 20, 2026

8-K filing: Super League Enterprise, Inc. entered into an Asset Purchase Agreement with Esports Now, LLC to purchase certain assets constituting the Misfits Ads Business.

840K 18M
Jan 23, 2026
Stock Split

8-K filing: Stock split 1-for-12 | Outstanding: 10,075,954 → 839,629

840K 18M
Dec 16, 2025

S-3/A filing: Super League Enterprise, Inc. is offering and reselling up to 3,609,383 shares of common stock by selling stockholders.

10M 210M
Dec 10, 2025

S-3/A filing: This prospectus relates to the resale from time to time of an aggregate of up to 49,700,000 shares of our common stock by the selling stockholders identified herein.

10M 210M
Nov 21, 2025

S-3 filing: This prospectus relates to the resale from time to time of an aggregate of up to 49,700,000 shares of our common stock by the selling stockholders identified herein.

10M 210M
Nov 14, 2025

10-Q filing | 10.1M shares outstanding

10M 160M
Oct 22, 2025

8-K filing: Super League Enterprise, Inc. entered into Securities Purchase Agreements for an offering of common stock and pre-funded warrants, and also entered into exchange agreements with Belleau Wood Capital and Yield Point NY. ($2.68M proceeds)

880K 170M
Sep 30, 2025

S-3/A filing: This prospectus relates to the resale from time to time of an aggregate of up to 2,122,991 shares of common stock by the selling stockholder.

880K 170M
Sep 18, 2025

8-K filing: The company filed a Certificate of Designation for Series B Convertible Preferred Stock, designating 16,426 shares in connection with exchange agreements, convertible into common stock at a price initially set at $7.00, subject to adjustments for stock splits and dividends.

880K 170M
Sep 05, 2025

S-3/A filing: This prospectus relates to the resale of common stock issuable upon conversion of convertible notes and exercise of warrants by the selling stockholder.

880K 170M
Aug 29, 2025

S-1/A filing: This S-1/A filing registers the resale of up to $20.0 million in common stock and 300,000 shares of common stock issuable upon exercise of a pre-funded warrant.

1.1M 170M
Aug 14, 2025

10-Q filing | 1.1M shares outstanding

1.1M 160M
Jul 17, 2025

S-3 filing: This S-3 filing is for the resale of common stock underlying a pre-funded warrant and ELOC shares pursuant to an equity purchase agreement.

18M 150M
Jul 14, 2025

8-K filing: Super League Enterprise, Inc. entered into exchange agreements for preferred and common stock, an equity purchase agreement, and a private placement offering, along with filing a Certificate of Designation for Series AAAA Jr. Convertible Preferred Stock. ($4.0M proceeds)

18M 150M
Jul 11, 2025

8-K filing: Super League Enterprise, Inc. entered into an Exchange Agreement with the Michael Keller Trust, exchanging a promissory note with principal and interest of $1,878,082 for 1,500,000 shares of Series AAAA Jr. Convertible Preferred Stock and cash payments totaling $378,002. ($1.5M proceeds)

18M 150M
Jun 02, 2025

8-K filing: Super League Enterprise, Inc. completed a registered direct offering on June 2, 2025, selling 3,190,000 shares of common stock at $0.12 per share and pre-funded warrants to purchase up to 2,393,334 shares at $0.11999 per pre-funded warrant, resulting in gross proceeds of approximately $670,000. ($0.67M proceeds)

18M 150M
May 30, 2025

8-K filing: Super League Enterprise, Inc. closed a public offering of 4,166,666 shares of Common Stock at $0.12 per share, with net proceeds of approximately $380,000, and also closed the sale of 416,666 option shares. ($0.38M proceeds)

18M 310M
May 15, 2025

10-Q filing | 18.4M shares outstanding

18M 310M
May 15, 2025

8-K filing: Super League Enterprise, Inc. completes the sale of 617,647 shares of common stock at $0.17 per share, resulting in gross proceeds of approximately $104,999. ($0.1M proceeds)

18M 310M
May 12, 2025

8-K filing: Super League Enterprise, Inc. completed a public offering of 5,117,647 shares of common stock at a price of $0.17 per share, resulting in net proceeds of approximately $700,4000. ($7.0M proceeds)

18M 310M
Mar 31, 2025

10-K filing | 17.8M shares outstanding

18M 310M
Feb 14, 2025

8-K filing: The company entered into an equity purchase agreement with Hudson Global Ventures, LLC, for the sale of up to $2.9 million of newly issued shares of the company's common stock and issued 300,000 commitment shares to Hudson. ($0.17M proceeds)

13M 320M
Dec 19, 2024

S-3/A filing: Super League Enterprise, Inc. files an S-3/A registration statement to register the offer and sale of up to $100 million in various securities, including common stock, preferred stock, debt securities, warrants, and units, from time to time pursuant to Rule 415.

13M 320M
Dec 17, 2024

S-3/A filing: The filing relates to the proposed resale of up to 3,031,680 shares of the Company's common stock by the selling stockholders.

13M 150M
Dec 13, 2024

S-3 filing: This is an S-3 filing for a shelf registration, allowing the company to sell securities described in the prospectus in one or more offerings, with a total aggregate offering price not to exceed $100 million, and covers common stock, preferred stock, debt securities, warrants and units.

13M 150M
Dec 06, 2024

S-3 filing: This S-3 filing relates to the resale of common stock by selling stockholders, including shares issuable upon conversion of preferred stock, dividends, exercise of warrants, and shares issued in connection with piggyback registration rights.

13M 150M
Nov 14, 2024

10-Q filing | 13.0M shares outstanding

13M 150M
Oct 29, 2024

8-K filing: Super League Enterprise, Inc. entered into an Amended and Restated Equity Exchange Agreement with Infinite Reality, Inc. to issue an aggregate total of 2,499,090 shares of common stock in exchange for 216,831 shares of Infinite Reality common stock.

11M 150M
Oct 25, 2024

8-K filing: Super League Enterprise, Inc. entered into a Securities Purchase Agreement for a registered direct offering of 1,136,364 shares of common stock at $0.88 per share, resulting in gross proceeds of approximately $1.0 million, which is expected to close on or about October 25, 2024. ($1.0M proceeds)

11M 150M
Oct 04, 2024

8-K filing: Super League Enterprise, Inc. will issue 2,499,090 shares of its Common Stock to Infinite Reality in exchange for 139,592 shares of Infinite Reality's common stock.

11M 150M
Oct 01, 2024

8-K filing: Super League Enterprise, Inc. sold 399 units consisting of Series AAA-4 Junior Convertible Preferred Stock and warrants to purchase common stock for gross proceeds of $399,000, and filed a Certificate of Designation for the Series AAA-4 Preferred Stock. ($0.4M proceeds)

11M 150M
Sep 23, 2024

8-K filing: Super League Enterprise, Inc. entered into subscription agreements to sell 697 units, each consisting of one share of Series AAA-3 Junior Convertible Preferred Stock and a warrant to purchase 1,000 shares of common stock, at a purchase price of $1,000 per unit, for aggregate gross proceeds of approximately $697,000. ($0.7M proceeds)

11M 150M
Sep 05, 2024

S-3 filing: This S-3 filing is for the resale of up to 2,630,880 shares of common stock by selling stockholders.

11M 150M
Aug 14, 2024

10-Q filing | 10.6M shares outstanding

11M 150M
Jul 16, 2024

8-K filing: Super League Enterprise, Inc. sold 551 shares of Series AAA-2 Junior Convertible Preferred Stock at $1,000 per share, for gross proceeds of $551,000. ($0.55M proceeds)

6.6M 150M
Jul 02, 2024

8-K filing: Super League Enterprise, Inc. sold 1,210 shares of Series AAA Junior Convertible Preferred Stock at $1,000 per share for gross proceeds of $1,210,000 and filed the Series AAA Junior Certificate of Designation. ($1.21M proceeds)

6.6M 150M
May 15, 2024

10-Q filing | 6.6M shares outstanding

6.6M 150M
Apr 19, 2024

S-3/A filing: This S-3/A filing relates to the resale of up to 16,003,844 shares of common stock by selling stockholders, including shares issuable upon conversion of preferred stock and as dividends on preferred stock.

6M 150M
Apr 15, 2024

10-K filing | 6.0M shares outstanding

6M 150M
Mar 15, 2024

8-K filing: Super League Enterprise, Inc. issued 500,000 shares of its common stock to 3i, LP, Nomis Bay Ltd., and BPY Limited in consideration of the mutual release of claims arising from a Securities Purchase Agreement.

4.2M 150M
Mar 15, 2024

S-3 filing: This S-3 filing relates to the resale of common stock by selling stockholders, the private placement of Series AAA and AAA-2 Convertible Preferred Stock, and the issuance of warrants to the placement agent.

4.2M 150M
Dec 22, 2023

8-K filing: Super League Enterprise, Inc. entered into subscription agreements for the sale of 2,978 shares of Series AAA-2 Convertible Preferred Stock at $1,000 per share and exchanged 2,356 shares of Series A and Series AA Convertible Preferred Stock for 2,356 shares of Series AAA-2 Convertible Preferred Stock. ($2.98M proceeds)

4.2M 140M
Dec 06, 2023

8-K filing: Super League Enterprise, Inc. entered into subscription agreements to sell 5,377 shares of Series AAA Convertible Preferred Stock at $1,000 per share, for gross proceeds of approximately $5,377,000. ($5.38M proceeds)

4.2M 140M
Nov 14, 2023

10-Q filing | 4.2M shares outstanding

4.2M 140M
Sep 13, 2023

8-K filing: Super League Enterprise, Inc. completed a public offering and the underwriter partially exercised its Over-Allotment Option to purchase an additional 32,616 shares of Common Stock at $2.60 per share, resulting in gross proceeds of approximately $84,800, and also completed a reverse stock split effective September 11, 2023. ($0.08M proceeds)

50M 91M
Aug 24, 2023

8-K filing: Super League Gaming, Inc. closed a public offering of 15,573,077 shares of common stock and pre-funded warrants to purchase 1,350,000 shares of common stock, with net proceeds to the Company of approximately $1.8 million. ($1.8M proceeds)

50M 91M
Aug 14, 2023

10-Q filing | 50.4M shares outstanding

50M 91M
Jul 27, 2023

S-3/A filing: This S-3/A filing relates to the resale of common stock issuable upon conversion of preferred stock and additional rights, as well as shares issuable as dividends on preferred stock. It also relates to a private placement offering of preferred stock.

38M 100M
Jul 17, 2023

S-3 filing: This prospectus relates to the resale of up to 77,885,910 shares of common stock by selling stockholders, issuable upon conversion of preferred stock and additional rights.

38M 110M
Jun 02, 2023

8-K filing: Super League Gaming, Inc. sold 550 shares of Series AA-5 Convertible Preferred Stock at $1,000 per share for gross proceeds of $550,000 and filed a Certificate of Amendment to increase the number of authorized shares of Common Stock from 100,000,000 to 400,000,000. ($0.55M proceeds)

38M 25M
May 18, 2023

S-3/A filing: This S-3/A filing relates to the offering of up to 30,178,990 shares of Common Stock by Selling Stockholders. The company will not receive any proceeds from the resale of these securities.

38M 25M
May 15, 2023

10-Q filing | 37.8M shares outstanding

38M 25M
May 09, 2023

8-K filing: Super League Gaming, Inc. sold 1,026 shares of Series AA-4 Convertible Preferred Stock at $1,000 per share for gross proceeds of $1,026,000. ($1.03M proceeds)

38M 26M
May 04, 2023

8-K filing: Super League Gaming, Inc. sold 1,025 shares of Series AA-3 Convertible Preferred Stock at $1,000 per share for gross proceeds of $1,025,000. ($1.03M proceeds)

38M 26M
Apr 25, 2023

8-K filing: Super League Gaming, Inc. sold 7,680 shares of Series AA Convertible Preferred Stock and 1,500 shares of Series AA-2 Convertible Preferred Stock at $1,000 per share, for gross proceeds of approximately $9,180,000. ($9.18M proceeds)

38M 26M
Apr 25, 2023

S-3 filing: This S-3 filing relates to the offering of up to 30,178,990 shares of Common Stock by Selling Stockholders. The company will not receive any proceeds from the resale of these securities.

38M 26M
Mar 31, 2023

10-K filing | 37.6M shares outstanding

38M 0
Feb 06, 2023

8-K filing: Super League Gaming, Inc. sold 2,299 shares of Series A-5 Convertible Preferred Stock at $1,000 per share for gross proceeds of $2,299,000 and filed the Series A Certificate of Designation. ($2.3M proceeds)

37M 0
Dec 23, 2022

8-K filing: Super League Gaming, Inc. sold 1,934 shares of Series A-4 Convertible Preferred Stock at $1,000 per share for gross proceeds of approximately $1,934,000. ($1.93M proceeds)

37M 0
Dec 02, 2022

8-K filing: Super League Gaming, Inc. completed the sale of 1,297 shares of Series A-2 Convertible Preferred Stock and 1,733 shares of Series A-3 Convertible Preferred Stock at $1,000 per share, resulting in gross proceeds of approximately $3,030,000. ($3.03M proceeds)

37M 0
Nov 25, 2022

8-K filing: Super League Gaming, Inc. sold 5,359 shares of Series A Convertible Preferred Stock at $1,000 per share for gross proceeds of approximately $5.36 million and filed a Certificate of Designation for the Series A Preferred Stock. ($5.36M proceeds)

37M 0
Nov 16, 2022

10-Q filing | 37.4M shares outstanding

37M 0
Aug 15, 2022

10-Q filing | 36.9M shares outstanding

37M 0
Jun 07, 2022

S-3 filing: The filing registers 7,379,300 conversion shares issuable upon conversion of notes for resale by selling stockholders.

37M 0
May 16, 2022

10-Q filing | 36.8M shares outstanding

37M 0
Mar 31, 2022

10-K filing | 36.8M shares outstanding

37M 0
Nov 15, 2021

10-Q filing | 35.8M shares outstanding

36M 0
Nov 10, 2021

S-3/A filing: Super League Gaming, Inc. files an S-3/A registration statement to register shares of common stock, preferred stock, warrants, and units for an aggregate offering price not to exceed $100,000,000, as well as shares of common stock that may be issued and sold under an Equity Distribution Agreement for up to $75,000,000.

35M 0
Nov 10, 2021

S-3/A filing: This S-3/A filing relates to the proposed resale of up to 14,333,722 shares of the Company's common stock by selling stockholders.

35M 0
Oct 07, 2021

8-K filing: Super League Gaming, Inc. acquired substantially all of the assets of Bloxbiz Co., the personal goodwill of Samuel Drozdov, and the personal goodwill of Benjamin Khakshoor for $6.0 million, consisting of $3.0 million in cash and $3.0 million in common stock at a price of $2.91 per share. ($3.0M proceeds)

35M 0
Aug 20, 2021

S-3 filing: This S-3 filing registers shares of common stock and warrant shares for resale by selling stockholders.

35M 0
Aug 16, 2021

10-Q filing | 35.3M shares outstanding

35M 0
May 17, 2021

10-Q filing | 23.1M shares outstanding

23M 0
Mar 19, 2021

10-K filing | 15.5M shares outstanding

15M 0
Nov 13, 2020

10-Q filing | 15.5M shares outstanding

15M 0
Aug 21, 2020

S-1 filing: The company is filing an S-1 to offer common stock with the intention of using the net proceeds for working capital and general corporate purposes, including sales and marketing activities, product development and capital expenditures.

10M 880K
Aug 12, 2020

10-Q filing | 10.5M shares outstanding

10M 0
May 15, 2020

10-Q filing | 8.6M shares outstanding

8.6M 0
May 12, 2020

POS AM filing: The filing is a POS AM (Post-Effective Amendment) to register an indeterminate number of shares of common stock and preferred stock, debt securities, warrants, and units with an aggregate offering price not to exceed $40 million.

7.9M 660K
Apr 17, 2020

S-3/A filing: The filing is an S-3/A amendment to register an indeterminate number of common and preferred stock shares, warrants, and units with an aggregate offering price not to exceed $40 million, and also includes shares issuable upon conversion/exchange/exercise, stock splits, or stock dividends.

7.9M 13M
Apr 10, 2020

S-3 filing: The filing is an S-3 registration statement to register an indeterminate number of shares of common stock and preferred stock, and an indeterminate number of warrants and units, with an aggregate offering price not to exceed $4 million; also registering an offering of up to $40,000,000 of any combination of securities.

7.9M 13M
Mar 23, 2020

10-K filing | 8.6M shares outstanding

8.6M 0
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