---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-012602"
form_type: "8-K"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T22:09:19.768261+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Super League Gaming raises ~$1.025M via Series AA-3 Preferred; executives receive option repricing

## Summary
- Sold 1,025 shares of Series AA-3 Convertible Preferred at $1,000/share for ~$1.025M gross proceeds.
- Initial conversion price set at $0.475 per share of common stock; automatic conversion after 24 months or by 51% holder consent.
- CEO Ann Hand, CEO Matthew Edelman, and other executives had underwater options/warrants cancelled and re-granted at $0.49 exercise price.
- Executives received new PSUs vesting upon 60-day VWAP targets of $0.80 to $1.60 per share.
- Employee option cancellation of 584,438 shares replaced with 1,356,000 new options at $0.4905 per share.

## SEC filing metadata
- accession: 0001437749-23-012602
- form_type: 8-K
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000143774923012602/0001437749-23-012602-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774923012602/slgg20230503_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-012602
- JSON: https://secwatch.observer/filing/0001437749-23-012602.json
- Plain text: https://secwatch.observer/filing/0001437749-23-012602.txt

## Key facts
- Governance Changes
  Super League Enterprise, Inc.: Filed Series AA Certificate of Designation designating 1,025 shares of Series AA Preferred Stock (effective 2023-04-28).
  - Change: charter amendment
  - Effective: 2023-04-28
  source text: On April 28, 2023, the Company filed the Series AA Certificate of Designation, designating 1,025 shares of Series AA Preferred in connection with the Offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923012602/0001437749-23-012602-index.htm
- Material Agreements
  Super League Enterprise, Inc. entered into Subscription Agreements with accredited investors valued at aggregate gross proceeds of approximately $1,025,000 (effective 2023-04-28).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investors
  - Value: aggregate gross proceeds of approximately $1,025,000
  - Effective: 2023-04-28
  source text: On April 28, 2023, Super League Gaming, Inc. (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 1,025 shares of newly designated Series AA-3 Convertible Preferred Stock, par value $0.001 per share (the “ Series AA Preferred ”), at a purchase price of $1,000 per share, for aggregate gross proceeds to the Company of approximately $1,025,000 (the “ Offering ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923012602/0001437749-23-012602-index.htm

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