other material
confidence high
sentiment neutral
materiality 0.50
Super League raises ~$551k via Series AAA-2 Preferred offering at $1,000/share; converts at $1.25
Super League Enterprise, Inc.
- Gross proceeds of ~$551,000 from sale of 551 shares of Series AAA-2 Preferred at $1,000 per share.
- Each share convertible into common stock at initial conversion price of $1.25 per share.
- Holders receive dividends in common stock equal to 20% of underlying shares at 30/60/90-day anniversaries.
- Additional investment right for 18 months at same terms, subject to stockholder approval.
- Placement agent Aegis Capital received $55,100 cash fee and warrants to buy 63,916 shares at $1.25.