Infinite Reality Reveals Strategic Investment And Proposed Partnership With Super League Enterprise
Portfolio Pulse from Benzinga Newsdesk
Infinite Reality is set to acquire a 9.9% stake in Super League Enterprise (SLE) through a share exchange, with plans to secure an additional 75% stake. The deal includes a $20 million cash commitment and a potential $30 million credit facility.
October 01, 2024 | 12:07 pm
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Infinite Reality is acquiring a 9.9% stake in Super League Enterprise (SLE) with plans to increase its stake to 75%. This strategic investment includes a $20 million cash commitment and a potential $30 million credit facility.
The acquisition of a 9.9% stake and plans for an additional 75% stake by Infinite Reality indicates a significant strategic investment in SLE. The financial commitment and potential credit facility suggest strong support for SLE's growth, likely boosting investor confidence and positively impacting SLE's stock price in the short term.
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