Super League settles SPA dispute, issues 500,000 shares to investors

Super League Enterprise, Inc.

Issued 500,000 shares of common stock to 3i, LP, Nomis Bay Ltd., and BPY Limited to settle all claims from May 2022 Securities Purchase Agreement.
Shares to be registered on Form S-3 filed next business day; SLE to use best efforts for SEC effectiveness within 30 days.
Investors subject to 10% daily volume cap on resales; SLE retains right to conduct future financings.
Promissory note of $4.32M from May 2022 was previously repaid in full.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Super League Enterprise, Inc. entered into Mutual General Release and Settlement Agreement with 3i, LP, Nomis Bay Ltd., and BPY Limited (effective 2024-03-12).

Action: entry
Agreement: settlement
Counterparty: 3i, LP, Nomis Bay Ltd., and BPY Limited
Effective: 2024-03-12

Exact text from the filing

On March 12, 2024, Super League Enterprise, Inc. (the “ Company ”), entered into that certain Mutual General Release and Settlement Agreement (the “ Agreement ”) with 3i, LP, a Delaware limited partnership (“ 3i ”), Nomis Bay Ltd., a Bermuda Corporation (“ Nomis ”), and BPY Limited, a Bermuda Corporation (“ BPY ”) (together with 3i and Nomis, the “ Investors ”), whereby the Company, among other things, issued an aggregate of 500,000 shares of the Company’s common stock

View on SEC.gov

565 material agreements filed in the last 30 days. Browse all material agreements →

Super League Enterprise, Inc. filing history →

Source: SEC EDGAR

accession 0001437749-24-008044

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.