Super League, a metaverse company, raised $23.8 million through convertible preferred stock transactions.

BlockBeats reported on May 15th that Super League, a metaverse company, completed a $23.8 million private placement through two convertible preferred stock transactions. According to NASDAQ rules, the final transaction is expected to be completed later this week, with SternAegis Ventures serving as the exclusive placement agent for the financing transaction. Existing investors, new investors, and affiliates of the placement agent participated in the financing. Super League offers gaming and digital spatial experiences on metaverse platforms such as Roblox, Minecraft, and Fortnite. Its innovative solutions allow consumers to socialize, entertain, explore, collaborate, shop, learn, and create in the metaverse.