---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-030665"
form_type: "8-K"
ticker: "SLE"
cik: "0001621672"
company_name: "Super League Enterprise, Inc."
filed_at: "2024-10-04T23:59:59+00:00"
generated_at: "2026-05-30T20:17:26.591272+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Super League enters binding term sheet for Infinite Reality to acquire 84.9% stake via asset transfer and share exchange

## Summary
- Infinite Reality to acquire 9.9% via 2.5M shares exchanged for 139,592 iR shares, then 75% via convertible preferred stock.
- SLE to receive up to $20M cash and a $30M credit facility from iR; assets include DRL license, Thunder Studios, TalentX, Fearless Media.
- Clark Callander appointed to SLE board; Infinite Reality to designate a second board seat upon majority stake closing.
- Transaction requires shareholder approval; iR will own 84.9% of SLE's outstanding common stock post-closing.
- SLE to gain perpetual royalty-free license for Drone Racing League events and sponsorships.

## SEC filing metadata
- accession: 0001437749-24-030665
- form_type: 8-K
- ticker: SLE
- cik: 0001621672
- company_name: Super League Enterprise, Inc.
- filed_at: 2024-10-04T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1621672/000143774924030665/0001437749-24-030665-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1621672/000143774924030665/slgg20241004_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-030665
- JSON: https://secwatch.observer/filing/0001437749-24-030665.json
- Plain text: https://secwatch.observer/filing/0001437749-24-030665.txt

## Source-grounded claims
- claim_id: b1719fe9b9
  claim: Clark Callander was appointed as Director at Super League Enterprise, Inc..
  evidence_excerpt: On September 30, 2024, the Company appointed Clark Callander to the Company’s Board, to serve until the Company’s next annual meeting of stockholders or until his successor is duly elected and qualified.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1621672/000143774924030665/0001437749-24-030665-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.