---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013145"
form_type: "8-K"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2023-05-09T23:59:59+00:00"
generated_at: "2026-06-15T09:15:49.175695+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# SLGG acquires game developer MELON for $900K+earnout; raises $1.026M via preferred stock

## Summary
- Acquired substantially all assets of Melon, Inc. for $900K ($150K debt forgiveness + $750K stock) plus up to $2.35M earnout based on 2023-2024 revenue milestones.
- Issued 1,026 shares of Series AA-4 Convertible Preferred at $1,000/share for $1.026M gross proceeds; initial conversion price $0.4642.
- Melon brings capabilities across Roblox, Minecraft; worked with brands including NFL, Chipotle, Mattel, Clarks.
- Granted 2,075,550 RSUs to new employees Neuman and Thome with time-based and performance/stock price vesting conditions.
- Placement agent received $102,600 cash fee, $30,780 expense allowance, and warrants for ~2.25M shares at $0.4642 exercise price.

## SEC filing metadata
- accession: 0001437749-23-013145
- form_type: 8-K
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.01, 3.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000143774923013145/0001437749-23-013145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774923013145/slgg20230507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013145
- JSON: https://secwatch.observer/filing/0001437749-23-013145.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013145.txt

## Key facts
- Governance Changes
  Super League Enterprise, Inc.: Filed Series AA-4 Certificate of Designation designating 1,026 shares of Series AA-4 Preferred Stock on May 5, 2023 (effective 2023-05-05).
  - Change: charter amendment
  - Effective: 2023-05-05
  source text: On May 5, 2023, the Company filed the Series AA-4 Certificate of Designation, designating 1,026 shares of Series AA-4 Preferred in connection with the Offering.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923013145/0001437749-23-013145-index.htm
- Material Agreements
  Super League Enterprise, Inc. entered into Subscription Agreement with accredited investors valued at approximately $1,026,000 (effective 2023-05-05).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: accredited investors
  - Value: approximately $1,026,000
  - Effective: 2023-05-05
  source text: On May 5, 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 1,026 shares of newly designated Series AA-4 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 $1,026,000
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923013145/0001437749-23-013145-index.htm

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