---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-011028"
form_type: "8-K"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T16:21:23.604248+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Super League Gaming raises ~$9.18M via sale of Series AA convertible preferred stock

## Summary
- Sold 7,680 Series AA and 1,500 Series AA-2 Preferred shares at $1,000 each, raising ~$9.18M gross.
- Conversion price initially $0.4715 (Series AA) and $0.5215 (Series AA-2), subject to adjustments.
- Preferred shares vote with common on as-converted basis; class vote required for adverse changes, senior debt, or senior/pari passu issuances.
- Dividends: 20% of underlying shares on 12- and 24-month anniversaries, plus regular dividends on as-converted basis.
- Placement agent received $828K cash fee, $267.9K expense allowance, and warrants for ~2.6M shares at $0.4715/$0.5215.

## SEC filing metadata
- accession: 0001437749-23-011028
- form_type: 8-K
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000143774923011028/0001437749-23-011028-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774923011028/slgg20230425_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-011028
- JSON: https://secwatch.observer/filing/0001437749-23-011028.json
- Plain text: https://secwatch.observer/filing/0001437749-23-011028.txt

## Key facts
- Governance Changes
  Super League Enterprise, Inc.: Filed Series AA-2 Certificate of Designation designating 1,500 shares of Series AA-2 Preferred (effective 2023-04-20).
  - Change: charter amendment
  - Effective: 2023-04-20
  source text: On April 20, 2023, the Company filed the Series AA-2 Certificate of Designation, designating 1,500 shares of Series AA-2 Preferred in connection with the Offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923011028/0001437749-23-011028-index.htm
- Governance Changes
  Super League Enterprise, Inc.: Filed Series AA Certificate of Designation designating 7,680 shares of Series AA Preferred (effective 2023-04-19).
  - Change: charter amendment
  - Effective: 2023-04-19
  source text: On April 19, 2023, the Company filed the Series AA Certificate of Designation, designating 7,680 shares of Series AA Preferred in connection with the Offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923011028/0001437749-23-011028-index.htm
- Material Agreements
  Super League Enterprise, Inc. entered into Subscription Agreements with accredited investors valued at approximately $9,180,000 (effective 2023-04-19).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investors
  - Value: approximately $9,180,000
  - Effective: 2023-04-19
  source text: (the “ Company ”) entered into subscription agreements (each, a “ Subscription Agreement ” and collectively, the “ Subscription Agreements ”) with accredited investors with respect to the sale of an aggregate of 7,680 shares of newly designated Series AA Convertible Preferred Stock, par value $0.001 per share (the “ Series AA Preferred ”), and 1,500 newly designated Series AA-2 Convertible Preferred Stock, par value $0.001.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923011028/0001437749-23-011028-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.