secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2024-07-16T23:59:59+00:00
Accession:  0001437749-24-022831
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League raises ~$551k via Series AAA-2 Preferred offering at $1,000/share; converts at $1.25
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774924022831/0001437749-24-022831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774924022831/slgg20240716_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-022831

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