secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2023-12-06T23:59:59+00:00
Accession:  0001437749-23-033781
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League Enterprise raises ~$5.4M via Series AAA Preferred financing and exchanges existing preferred shares
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- Sold 5,377 shares of Series AAA Convertible Preferred at $1,000/share for gross proceeds of ~$5.4M.
- Exchanged 4,011 shares of existing Series A and AA Preferred for Series AAA Preferred shares.
- Initial conversion price set at $1.674 per common share; adjustable with stock splits and future issuances.
- Placement agent receives $537,700 cash fee plus warrants to purchase 465,750 shares at $1.674.
- Registration rights agreement filed to register resale of shares underlying the Series AAA Preferred.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774923033781/0001437749-23-033781-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774923033781/slgg20231205_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-033781

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