other material
confidence high
sentiment neutral
materiality 0.50
Super League Enterprise raises $399K via sale of preferred stock and warrants
Super League Enterprise, Inc.
- Sold 399 units at $1,000 each, each unit including Series AAA-4 Junior Convertible Preferred and warrant for 1,000 common shares.
- Initial conversion price $1.25 per common share; warrants exercisable at $1.00 per share for three years.
- Anti-dilution adjustments and Additional Investment Rights require stockholder approval at next annual meeting (Nov. 2024).
- Placement agent receives $39,900 cash fee, $7,980 expense allowance, and warrants to purchase ~104,139 common shares.
- Gross proceeds of $399,000; securities sold to accredited investors under Regulation D.