Metaplanet will acquire Nasdaq-listed Super League Enterprise, paying 2,100 bitcoin and approximately $2.5 million in cash to obtain approximately 95.7% of the voting rights. Following completion of the acquisition, the company name will be changed to Superplanet, and Metaplanet aims to expand its bitcoin treasury business by leveraging the US market.
Metaplanet entered into an investment agreement dated 18 August to acquire US Nasdaq-listed Super League Enterprise (SLE). The consideration consists of 2,100 bitcoin and $2.5 million in cash, for a total of approximately $134.6 million. Metaplanet will acquire 44,859,400 common shares of SLE, as well as preferred shares and long-dated warrants. Following completion of the transaction, Metaplanet is expected to hold approximately 95.7% of SLE's voting rights, and the company's name will be changed to Superplanet, Inc.
The acquisition terms also include an option to subscribe for up to $210 million of additional preferred shares during the 24 months following completion of the transaction. Closing is scheduled for the fourth quarter of 2026. Regulatory procedures include approval at an SLE shareholders meeting and the filing of documents with the SEC and Nasdaq.
SLE operates a brand advertising and digital media business in the metaverse sector, including platforms such as Roblox and Minecraft. Revenue for the second quarter of 2026 was $3.01 million, and net loss was $4.39 million. The digital media division will be maintained after the acquisition, and the company name will be changed to Superplanet, Inc.
The new management structure will be led by current CEO Matthew Edelman, while Metaplanet will nominate 5 directors, including CEO Simon Gerovich. Metaplanet said it aims to strengthen the group's bitcoin acquisition capabilities by linking the Japanese and US capital markets.
Final completion of the transaction remains subject to regulatory approval, and closing is targeted for the fourth quarter of 2026.