--- schema_version: "secwatch.filing_event.v1" accession: "0001437749-23-035271" form_type: "8-K" ticker: "SLE" cik: "0001621672" company_name: "Super League Enterprise, Inc." filed_at: "2023-12-22T23:59:59+00:00" generated_at: "2026-06-07T07:56:22.425971+00:00" event_type: "debt" sentiment: "neutral" materiality_score: 0.8 calibrated_materiality_score: 0.8 confidence: "high" source: SEC EDGAR --- # Super League enters $4M receivables factoring and raises $2.98M in convertible preferred stock ## Summary - Enters $4M accounts receivable factoring facility with SLR Digital Finance; advance rate 85%, prime+2% financing fee, 0.30% servicing fee, minimum $400K/month utilization. - Raised ~$2.978M via sale of 2,978 shares of Series AAA-2 Convertible Preferred at $1,000/share; initial conversion price $1.71, subject to adjustments. - Exchanged 2,356 existing Series A/AA Preferred shares for new Series AAA-2 shares; holders also get additional investment rights. - Issued Aegis Capital placement agent warrants for 252,520 SLE shares at $1.71; also exchanged prior warrants for 199,778 shares. - Series AAA-2 Preferred pays dividends of 20% of underlying shares on 12- and 24-month anniversaries and has senior liquidation preference. ## SEC filing metadata - accession: 0001437749-23-035271 - form_type: 8-K - ticker: SLE - cik: 0001621672 - company_name: Super League Enterprise, Inc. - filed_at: 2023-12-22T23:59:59+00:00 - event_type: debt - sentiment: neutral - materiality_score: 0.8 - calibrated_materiality_score: 0.8 - confidence: high - sec_items: 1.01, 2.03, 3.02, 5.03, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/0001437749-23-035271-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/slgg20231221_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001437749-23-035271 - JSON: https://secwatch.observer/filing/0001437749-23-035271.json - Plain text: https://secwatch.observer/filing/0001437749-23-035271.txt ## Key facts - Debt Financings Super League Enterprise, Inc. incurred credit facility of $4,000,000 with SLR Digital Finance, LLC at prime rate plus 2% maturing 24 months from the Effective Date. - Instrument: credit facility - Principal: $4,000,000 - Counterparty: SLR Digital Finance, LLC - Rate: prime rate plus 2% - Maturity: 24 months from the Effective Date - Event: incurrence source text: by the face value of such Account (the “ Advance Rate ”), less any reserved funds and any other amounts due to Lender from Borrowers, up to a maximum aggregate Advance amount of $4,000,000 (the “ Maximum Amount ”)(the Advances on the Accounts is hereinafter, the “ Facility ”). Upon receipt of any Advance, Borrowers will have assigned all of its rights in such evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/0001437749-23-035271-index.htm - Governance Changes Super League Enterprise, Inc.: Filed Series AAA Certificate of Designation for preferred stock (effective 2023-12-22). - Change: charter amendment - Effective: 2023-12-22 source text: On December 22, 2023, the Company filed the Series AAA Certificate of Designation (as defined above), designating 5,334 shares of Series AAA Preferred (as defined above) in connection with the Offering (as defined above). evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/0001437749-23-035271-index.htm - Material Agreements Super League Enterprise, Inc. entered into Subscription Agreements with accredited investors valued at aggregate gross proceeds of approximately $2,978,000 (effective 2023-12-22). - Action: entry - Agreement: equity purchase - Counterparty: accredited investors - Value: aggregate gross proceeds of approximately $2,978,000 - Effective: 2023-12-22 source text: On December 22, 2023, 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 2,978 shares of newly designated Series AAA-2 Convertible Preferred Stock, par value $0.001 per share (the “ Series AAA Preferred ”), at a purchase price of $1,000 per share, for aggregate gross proceeds to the Company of approximately $2,978,000 (the “ Offering ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/0001437749-23-035271-index.htm - Material Agreements Super League Enterprise, Inc. entered into Financing and Security Agreement with SLR Digital Finance, LLC valued at maximum aggregate Advance amount of $4,000,000 (effective 2023-12-17). - Action: entry - Agreement: credit facility - Counterparty: SLR Digital Finance, LLC - Value: maximum aggregate Advance amount of $4,000,000 - Effective: 2023-12-17 source text: Financing and Security Agreement Super League Enterprise, Inc. (the “ Company ”), and certain of its subsidiaries (collectively with the Company, the “ Borrowers ”), entered into a Financing and Security Agreement (the “ Agreement ”) with SLR Digital Finance, LLC (“ Lender ”), effective December 17, 2023 (the “ Effective Date ”). evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/0001437749-23-035271-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.