secwatch.observer — SEC 8-K summary
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Issuer:     Super League Enterprise, Inc. (SLE)
CIK:        0001621672
Form:       8-K
Filed at:   2024-09-23T23:59:59+00:00
Accession:  0001437749-24-029807
Event type: other_material
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 3.02, 5.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Super League Enterprise raises ~$697K via sale of convertible preferred and warrants
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1621672/000143774924029807/0001437749-24-029807-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1621672/000143774924029807/slgg20240921_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-029807

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