Super League Gaming raises $550K via Series AA-5 preferred; authorized common quadrupled to 400M

Super League Enterprise, Inc.

Sold 550 shares of Series AA-5 Convertible Preferred at $1,000/share for $550K gross; initial conversion price $0.53 per share.
Preferred shares pay 20% stock dividend on 12- and 24-month anniversaries; holders get registration rights for underlying common.
Company filed amendment increasing authorized common stock from 100M to 400M, approved by board and majority stockholders.
Placement agent Aegis Capital received $55K cash fee and warrants to buy 150,472 shares at $0.53.

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Super League Enterprise, Inc.: Filed Series AA Certificate of Designation designating 550 shares of Series AA Preferred (effective 2023-05-26).

Change: charter amendment
Effective: 2023-05-26

Exact text from the filing

On May 26, 2023, the Company filed the Series AA Certificate of Designation, designating 550 shares of Series AA Preferred in connection with the Offering.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Super League Enterprise, Inc.: Filed Certificate of Amendment to increase authorized common stock from 100,000,000 to 400,000,000 (effective 2023-05-30).

Change: charter amendment
Effective: 2023-05-30

Exact text from the filing

On May 30, 2023, the Company filed a Certificate of Amendment to its Second Amended and Restated Certificate of Incorporation, as amended (the “ Amendment ”), increasing the number of authorized shares of Common Stock from 100,000,000 to 400,000,000.

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42 governance changes filed in the last 30 days. Browse all governance changes →

Super League Enterprise, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-23-016447

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