secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2023-12-22T23:59:59+00:00
Accession:  0001437749-23-035271
Event type: debt
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 2.03, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League enters $4M receivables factoring and raises $2.98M in convertible preferred stock
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/0001437749-23-035271-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774923035271/slgg20231221_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-035271

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