secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2023-06-02T23:59:59+00:00
Accession:  0001437749-23-016447
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774923016447/0001437749-23-016447-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774923016447/slgg20230601_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-016447

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer