---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-013377"
form_type: "8-K/A"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2023-05-10T23:59:59+00:00"
generated_at: "2026-06-15T06:28:07.253608+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# SLGG acquires Melon assets for $900K initial + up to $2.35M earnout, raises $1.026M via convertible preferred

## Summary
- Acquired substantially all Melon Inc. assets for $900K initial consideration ($150K debt forgiveness + shares).
- Earnout up to $2.35M based on revenue milestones through Dec 2024, payable in cash and stock.
- Raised $1.026M gross via sale of 1,026 shares of Series AA-4 Convertible Preferred, conversion price $0.4642.
- Issued 2,075,550 RSUs to new hires Joshua Neuman and Devon Thome, vesting over time and upon price milestones.
- Placement Agent Warrants corrected to 320,487 shares at $0.4642 exercise price.

## SEC filing metadata
- accession: 0001437749-23-013377
- form_type: 8-K/A
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2023-05-10T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- 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/1621672/000143774923013377/0001437749-23-013377-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774923013377/slgg20230509_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-013377
- JSON: https://secwatch.observer/filing/0001437749-23-013377.json
- Plain text: https://secwatch.observer/filing/0001437749-23-013377.txt

## Key facts
- Governance Changes
  Super League Enterprise, Inc.: Filed Series AA-4 Certificate of Designation for preferred stock (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/1621672/000143774923013377/0001437749-23-013377-index.htm
- M&A Transactions
  Super League Enterprise, Inc. completed an acquisition involving Melon (closed 2023-05-04).
  - Action: acquisition
  - Counterparty: Melon
  - Closing: 2023-05-04
  source text: As more specifically set forth in Item 1.01 herein under " Entry into Asset Purchase Agreement ," which is incorporated herein by reference, the Company completed its acquisition of Melon Assets on May 4, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923013377/0001437749-23-013377-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 (the “ Offering ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923013377/0001437749-23-013377-index.htm

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