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On Jan 5, Super League Enterprise Entered Into An Asset Purchase Agreement With Let's Bounce; Co. To Pay $200K To Let's Bounce

Benzinga·01/07/2026 22:10:17
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On January 5, 2026 (the "Effective Date"), Super League Enterprise, Inc. (the "Company") entered into an Asset Purchase Agreement (the "APA") with Let's Bounce, Inc., a Delaware corporation ("LBI"), whereby the Company will acquire all of the tangible and intangible assets, products and services (the "Products") of LBI. Further, pursuant to the APA, the Company will not assume or be responsible for any of the liabilities of LBI. In consideration, the Company will issue to LBI (a) $200,000, with $75,000 payable at closing, $25,000 payable on the three-month anniversary of closing and $100,000 payable on the six-month anniversary of closing; and (b) earn-out payments in the amount of (i) $150,000 upon the realization by the Company of $500,000 in net revenue from the Products in calendar year 2026; and (ii) $175,000 upon the realization by the Company of a total of $1,000,000.00 in net revenue from the products in calendar year 2026.