other material
confidence high
sentiment neutral
materiality 0.55
Super League Enterprise raises ~$697K via sale of convertible preferred and warrants
Super League Enterprise, Inc.
- Sold 697 units at $1,000/unit, each consisting of one Series AAA-3 Preferred share and a warrant for 1,000 common shares.
- Preferred shares convertible at $1.25/share; warrants exercisable at $1.00/share, expiring in 3 years.
- Gross proceeds ~$697K; closing expected by Sept. 27, 2024; placement agent received $69,700 cash fee and warrants.
- Anti-dilution adjustments and Additional Investment Rights require stockholder approval at next annual meeting (Nov. 2024).
- Filed Certificate of Designation for 700 preferred shares and Certificates of Correction for prior series.